Post-holidays, cotton yarn prices are going up, and more significant is the fact that prices for 40-60 count range have been growing.
While buyers are becoming active at stocking for the coming days, sellers effected a smart rise of 100-yuan per ton or about US $12.41 per ton.
Meanwhile, a small hike in imported variety has been recorded, and this offers better price prospects for local spinners.
Chinese yarn prices have been affected by imported yarns prices in the recent months, and buyers pick imported yarns as cotton import taxes and the cost of the cotton quotas prove costly.
marketing@alchempro.com
