BEIJING, Oct. 13 /PRNewswire-Asia/ -- Frbiz reports that the yarn market is very hot as prices rise for many varieties this year. The main reason for the positive market activity is that the upstream raw material prices have increased rapidly, which is pulling function the yarn market.
Pure cotton yarn market
This month, domestic cotton purchasing and selling is brisk, as cotton prices continue rising. Affected by raw material costs rising sharply, this month pure cotton textile mill offers have quickly risen. Especially since mid-September, pure cotton yarn prices increased thoroughly. At present carded yarn C32S's low price is at about 30,000 RMB/ton; the high price has reached around 33,000 RMB/ton. In the downstream, as cotton yarn prices continue to soar, downstream pure cotton cloth prices will improve significantly.
Pure polyester yarn market
Pure polyester yarn prices continued to be strong, commodity supply is relatively shaky, the price trend is benefitting from the polyester staple fiber price increases. At the same time, the supply of products has been shaky. At present 32S pure polyester yarn's mainstream price is about 18,400 RMB/ton, up 3,700 RMB/ton compared with last year. It is expected that in a short time, yarn mills will have no inventory. However, under the tense supply situation, the pure polyester yarn market will remain stable.
Spun rayon yarn market
Spun rayon yarn prices keep rising; prices of the raw material of viscose staple fiber have increased. So, in a good selling situation, spun rayon yarn prices still keep rising along with raw material prices. However, the pure cotton market also has good prospects, though activity on some products has been shaky. Currently, 30S spun rayon yarn's mainstream price is about 26,100 RMB/ton, which increased 2,000 RMB compared with last month. It is expected that in the short-term, the market will continue on an upward trend.
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