In Xiaoshan, China, the price of 30s spun viscose prices dropped to 3 US cents a kg in the third week of October, while 40s compact sirospun yarn prices in Jiangsu were slid to 6 US cents a kg on the week. This at a time when despite market seeing smooth business activity, Viscose spun yarn prices continued to decline in China which has led to snug supplies of some specs.
Upstream, VSF prices also fell easing cost support to yarn markers. Offers for Xiaoshan-origin 30s yarn dropped to maintain demand at certain level. However, yarn makers resisted any sharp decline in prices to avoid the new downward trend to further depress markets.
Viscose yarn prices have also been lowered in India at the same time, although very slightly. 30s viscose spun yarn prices fell Rs 1 a kg in the Indore market during the week. But in Pakistan, the cost of VSF continued to go up on firm import offers.
