Rayon yarn prices decline in Chinese markets

The price of rayon yarn 30S decreased to 19,500 Yuan/ton during the first half of the current month from 20,300 Yuan/ton during second-half of May. Similarly, the price of rayon yarn 40S declined from 21,600 Yuan/ton to 21,300 Yuan/ton.

 

The prices of rayon yarn in Chinese markets dipped in the first ...#

During the fortnight, the prices of knitting yarn, too, declined sharply. Spinners incurred loss and had to reduce production and cut consumption of staple fibres.

 

The prices of rayon yarn in Chinese markets dipped in the first ...#

On the other hand, cotton yarn market remained flat during the first half of the current month. Prices of pure cotton yarn J32S and J40S remained in the range of 29,300 Yuan/ton and 31,000 Yuan/ton, respectively.

 

The prices of rayon yarn in Chinese markets dipped in the first ...#

Pure cotton yarn market remained relatively light owing to continuous adjustment of cotton market. There was wait-and-watch attitude and transactions were less.

 

The prices of rayon yarn in Chinese markets dipped in the first ...#

In view of decreasing cotton prices in China’s domestic market, the prices of pure cotton yarn are expected to show a weak consolidation trend in the short term. Rayon yarn and pure polyester yarn markets are also expected to display a weak consolidation phase.

 

The prices of rayon yarn in Chinese markets dipped in the first ...#