Demand for medium and high-grade cotton yarns has shot up in Guangdong yarn market as weavers and knitters have been buying 32 and higher cotton yarns.
The surge in demand is attributed to the dramatic change in price differentials which are apparent between 100 percent cotton yarns and cotton/polyester blend yarns and 100 percent polyester yarns.
Polyester fiber prices have rallied from about 10,750 Yuan per ton in January to 13,600 this week, a jump of 26.5 percent.
This change in price mechanism has turned weavers and knitters to move to the increasing volume of 100 percent cotton yarns in place of blend and polyester yarns.
-Ltd..jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Thermore (Far East) Ltd.")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Telangana State Industrial Infrastructure Corporation Limited (TSllC Ltd)")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Taiwan Textile Federation (TTF)")
