Cotton yarn market has lost ground once more and stakeholders are not very optimistic about future business amid sluggish sales. In China, sale/production ratios fell at some spinning mills while the outlook turned gloomier given the increase in inventory levels. Sluggish demand further downstream has started taking its toll on polyester market sentiment. Polyester spun yarn prices were stable to firm in China, and deals were concluded in small volumes due to lack of substantial demand. While most yarn makers kept running at a stable rate, demand was sluggish as inventory with fabric makers piled up.

Prices in India were seen easing in line with cotton fiber prices while it moved up Pakistan. In Pakistan, polyester yarn prices mostly rolled over on stable raw material pricing. Prices in India reflected the recent hike in PSF prices at the beginning of this month.

Viscose spun yarn prices were flat in China and volume off-take was slower than expected, exerting downward pressure on market sentiment. Yarn makers did not support the recent hike in VSF prices and kept their offers flat. Viscose yarn price in India rose in rupee terms, reflecting the recent hike in producers’ prices for VSF.