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Chinese yarn output continues to fall since March
11
Jul '12
Owing to low trade volume, spinners in China are significantly reducing the production of yarn since March or April this year. Last month, the spinners further increased the cut in production, leading to a fall in their inventories.
 
Meanwhile, the yarn market continues to remain stable with no major variations observed in price.
 
In Shaoxing Qianqing market, mainstream price of cotton yarn OE21s was hovering around 23,500 yuan/ton, while that of OE32s was around 24,500 yuan/ton, and that of OE40s was around 26,000 yuan/ton.
 
The price of cotton yarn 32S, with higher cotton proportion, was quoted at around 26,000 yuan/ton, but many spinning units offered to make shipment at lower price.
 
While the mainstream price of cotton yarn 32s combed was 29,000 yuan/ton, the price of cotton yarn 40S combed prevailed in the range of 30,000-30,500 yuan/ton.
 

Fibre2fashion News Desk - China

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