Cotton yarn prices are stable, the fiber market is firm, and the price of spun yarn is rising

The price of Asian cotton yarn market remained stable. The liquidity of 32S and 40S is stable. Indian yarn manufacturers expect yarn exports to grow by 20% this fiscal year, offsetting the increasing supply in the spot market. Due to the sudden increase in demand in the domestic and export markets, cotton yarn prices have risen by 14% in two weeks. Polyester yarn producers are facing a loss, although the trading volume still exists. Buyers are also cautious. A few specifications of polyester yarn show an upward trend.
In Pakistan, polyester yarn producers have reasonable orders, and they keep their prices unchanged. Now, the rayon yarn market remains stable, because the end of the year is approaching, and the main goal of manufacturers is to complete orders and get back profits. In Pakistan, the price of viscose staple fiber in the domestic market has fallen, but the price of rayon yarn has not changed. The Asian blended yarn market is gaining momentum, and fiber prices are firm due to supply problems. The polyester-cotton and polyester-rayon yarn markets in Asia are stable, but transactions are still slow because buyers expect lower prices in the near future.