VSF export of India totaled 54,000 tonneduring January-September this year and the import volume was 33,000 tonne for the same period, respectively down by 4 per cent and 3 per cent from the comparable 2019 level. The minor decline reflects that the import and export starts to further recover and we also maintain the expectation of rising apparent consumption of VSF around 30,000 tonne from India in 2020.

Rayon yarn import of India in Jan-Sep totals 47.2,000 tonne, up 46 per cent y-o-y, but export volume decreases by 18 per cent to 19.8000 tonne. The import of rayon single yarn increased by 41.4 per cent to 45.2,000 tonne and export amounted to 10.8000 tonne. The percentage of single yarn in imports improved further, which is 95per cent, 97.5 per cent and 98 per cent respectively from July to September. Rayon yarn apparent consumption growth of India can be 35000 tonne in 2020 and that of single yarn could be over 40,000 tonne, offsetting the expanding gap between blended yarn import and export.