Spun yarn: PSF Based Yarn Gains

100% Cotton yarn market was stable in Chiba with larger sales volume in Guangdong market. However, the markets were still dull amid stable prices. Sales for high-count yarn increased, while trade volume for carded cotton yarn decreased. In Pakistan, cotton yarn prices remained relatively stable on the export market but activities remained slow due to high offers and weak buying interest.

Spun polyester yarn markets were driven up by upstream feedstock cost, but the overall trading was subdued. The upward trend in polyester market gained momentum as the release QE3 boosted equity and commodity market up. In Pakistan spinners dependent on imported polyester fibers gained with a fall of Chinese fiber prices and they cut their prices. Asian spun rayon yarn markets saw sporadic numbers remained in a northbound path. Meanwhile, 30s yarn, posted a minor reduction in sales. Overall spun VSF values slightly moved down. Polyester viscose yarn markets were range bound while polyester cotton yarn markets witnessed steady numbers. VSF values slightly moved down, while PSF prices were on the uptrend this week.