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Chinese P/C & rayon yarn market stable
28
Dec '11
Prices of spot raw cotton have increased marginally in recent days, providing a little confidence to downstream Chinese cotton yarn market.

However, as it is near the end of the year, downstream weaving factories and garment factories are making plans for holidays, so cotton procurement is slow.

Currently mainstream price of cotton yarn C32s is sold in the range of 25,500-26,000 Yuan / ton, with better quality fetching 26,000-27,000 Yuan / ton.

In recent days, polyester staple fiber price is basically stable. Coupled with slow rise in cotton price, price of polyester/cotton (PC) yarn appears basically stable.

Currently mainstream price of P/C (65:35) 32s yarn is quoted around 20,000 Yuan / ton, with better quality quoting at 20,500 Yuan / ton.

Viscose staple fiber price has also maintained stability, resulting in stability of downstream rayon yarn market.

Currently mainstream price of rayon yarn R30s is at 20,000 Yuan / ton, with higher prices in the range of 20,500-21,000 Yuan / ton.

Fibre2fashion News Desk - China

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