China Yarn Market Daily(25 Nov 2010)

The overall yarn prices continued to slip down with dull transactions and the operating rate of downstream spinners kept low. Textile enterprises mostly had enough inventories of high-grade cotton yarn 32s, cotton yarn 40s, and combed cotton yarn 40s. In addition, chemical fiber yarn prices also kept downtrend recently and polyester yarn prices in Jiangsu and Zhejiang were close to prices in Fujian and Guangdong with modest orders. In Guangdong, some traders reduced offers constantly and the lower transaction prices of polyester yarn 32s for knitting were at 19000yuan/mt.

Recently the sales of medium and high counts cotton yarn were not smooth and plants had enough spots. Transaction prices of cotton yarn with long-staple cotton were lower and some were 3000-4000yuan/mt lower. Most offers for compact spun combed cotton yarn 80s (with 100% long-staple cotton) were at 78000yuan/mt while the mainstream prices of carded cotton yarn 60s declined to 48000yuan/mt with limited transactions.

$1=CNY6.66

CY OE10....Cotton open end yarn 10S
CY C32.....Cotton carded yarn 32S
CY JC40....Cotton combed yarn 40S
CY T32.....Polyester yarn 32S
CY R30.....Rayon yarn 30S
CY T/C45...Polyester/Cotton yarn 45S (65:35)