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Chinese cotton, PC & rayon yarn market roundup
30
Nov '11
Cotton, polyester/cotton (PC) and rayon yarn market in Shandong, Henan and Hebei provinces of China continues to maintain a downward trend.

Spot price of cotton is continuing to decline and the price of cotton grade 328 has dipped to around 19,000 yuan/ton, which is 700-800 yuan/ton lower than the state purchase price for cotton reserves.

There is not much movement in downstream cotton yarn market, and users and distributors are adopting a cautious approach while procuring, and the pure cotton yarn price is following a downward trend. The current market price of cotton yarn C32 is about 26,000 yuan/ton, while the price of higher quality yarn is in the range of 26,500-27,500 yuan/ton.

Similarly, the price of PC cotton yarn is also showing a downward trend in spite of the price of polyester staple fibre (PSF) stabilizing in recent times. It is because of the decline in cotton price. The mainstream price of T63/C35 Yarn 32s is 20,000 yuan/ton, while the price of lower quality is in the range of 19,500-20,000 yuan/ton.

Owing to sharp dip in the price of viscose staple fibre (VSF) and contraction of downstream market, the price of rayon yarn has fallen sharply. The turnover still remains small and the current mainstream price of rayon yarn R30s is about 20,000 yuan/ton. The price of lower quality yarn is about 19,000 yuan/ton.

Fibre2fashion News Desk - China

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