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Shengze market witnesses downtrend in rayon yarn prices
30
Jun '08
For the past couple of weeks, rayon prices in Shengze market have experienced a downward trend.

Market surveyors strongly believe that the main reasons behind this drooping price trend are poor demand from the upstream industrial segment and sufficient inventories at manufacturing units.

However, the cotton yarn market depicted a significant improvement stimulated by strong market demand which also reinforced prices marginally. Prices for carded cotton yarn of 32s and 21s variety stood at 19,500 and 18,100 yuan per ton respectively while C32s and JC40s also witnessed a good sale.

On an average, market volume and prices for polyester/ viscose yarn and polyester/ cotton blended yarn remained almost unchanged while the VSF prices also remained stable and as such market traders expect a smooth adjustment in future prices.

Fibre2fashion News Desk - China

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