China Yarn Market Daily(26 Jan 2011)

Market review
With more plants having holidays, the market presented quite quiet.　

Chemical fibre prices continued to rush up with polyester staple fiber prices at 14500yuan/mt and viscose staple fiber prices at 26200yuan/mt. Polyester yarn prices followed up. The mainstream price of rayon yarn 30s for knitting produced in Xinxiang was at 32000yuan/mt while the market prices of polyester yarn 32s for knitting were at 20000yuan/mt. But transactions were few.

Downstream
Most downstream plants had stopped working to have holidays and wait for the market after Spring Festival Holidays.

Outlook
With Spring Festival Holidays coming, the demand for yarn presented weak and the sales kept slack. But with the support of rising cotton prices, the market prices will mainly be stable still.

$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)