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Chinese yarn market continues on downhill trend
06
Jun '12
In recent times, cotton yarn markets all over China have continued to soften and real transaction volume is also very light. Although the decline of offers is not too large, actual price level is weak.

Most of the enterprises in downstream cotton spinning sector have reduced or stopped production, as they are still losing money.

In China's largest textile material market - Qianqing in Shaoxing area, mainstream prices of cotton yarn 21s and 32s are 23,500 Yuan / ton and 24,500 Yuan / ton, respectively.

Price of 32s combed yarn is in the range of 29,000-29,500 Yuan / ton and of 40s combed yarn is about 30,500 Yuan / ton.

According to yarn producers, the market was very bad in the month of May, even worse than April and also looks difficult to undergo substantive change in its outlook.

Therefore, now spinners either further reduce or even stop production.

Fibre2fashion News Desk - China

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