The declining trend of spot market price of cotton has halted to an extent. The cotton yarn market in Hebei, Shandong and Henan provinces of China also got some stimulus from the rise in prices of polyester staple fibre and viscose staple fibre.
In spite of a slowing down of the declining trend in cotton yarn price, the overall weak trend has not fundamentally changed. Currently, the market price of cotton yarn C32s is in the range of 25,500-26,000 yuan/ton. The price of higher quality yarn is in the range of 26,000-27,000 yuan/ton.
The price of polyester staple fibre has increased steadily and has provided help to sales of polyester/cotton (P/C) yarn. Some manufacturers having higher price-comparison have increased shipments, while reducing promotional activities. At present, T63/C35 yarn 32s in being traded at 20,000 yuan/ton. The market price of higher quality P/C yarn is at 20,500 yuan/ton.
The viscose staple fibre market has also significantly increased and the price has gone up by 100-200 yuan/ton, which has halted the sharp decline in rayon product market. The price of rayon yarn has stabilized and currently, rayon yarn R30s is being traded in the range of 19,500-20,000 yuan/ton. The higher quality yarns are quoted at around 20,500 yuan/ton.
Fibre2fashion News Desk - China
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