China Yarn Market Daily(17 Jan 2011)

The transaction atmosphere of cotton yarn tended to be moderate and prices did not move up obviously. The market prices of high-grade cotton yarn 32s were at 37500yuan/mt and combed cotton yarn 40s at 42500yuan/mt. The enquires for better open end cotton yarn increased somehow and the market prices of bleached open end cotton yarn 16s were at 30000yuan/mt.

Chemical fiber feedstock prices kept uptrend and chemical fiber yarn prices presented firm. The market prices of medium-to-long twisted polyester/rayon 65/35 yarn 50s/2 produced in North China were at 30500yuan/mt and dyeable cationic at 31500-32000yuan/mt.

Imported cotton yarn prices kept stable with slack transactions. The decrease demand in China affected the orders in some countries, especially Pakistan. In Pakistan, the supply was sufficient and prices were hard to climb up though feedstock prices moved up somehow. The FOB prices of Pakistan cotton yarn 21s were equal to 35200yuan/mt, after-tax. Cotton yarn prices in other regions also kept stable.

$1=CNY6.59

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)