Spun yarn Firm upstream but bearish spun yarn markets

Spun yarn markets strengthened on firm polyester and viscose staple fibre prices while sobering cotton fibre prices negated the impact. 100% cotton yarn markets were more sluggish after New Year holidays in Asia. Although prices changed a bit, liquidity was further squeezed, and there were only some small-volume deals. Some spinning mills in China had been ready to be off production for holiday. Spun polyester yarn tracked the polyester staple fibre hikes. Sentiment continued to be spiral up as PSF prices were gaining strength attributed to firm raw materials.

Spun rayon yarn 30s trading volume was good with stable to marginally increased prices. Spun rayon yarn players restock fibre successively after the holiday of New Year. Blended spun yarn markets in Asia saw trading volume of polyester-viscose spun yarn of 40/2s jumping, while prices remained unchanged. Transaction volume for polyester-cotton yarn remained marginal, with prices consolidating. Bearish sentiment lingered over blended yarn market, with sporadic orders seen received by spinning mills.