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From: Emerging Textiles
13 September 2010 -- Cotton yarn prices suddenly rebounded in China, over higher cotton fiber prices and a stronger demand from the processing industry. Tight supply is also explaining the higher price offers while yarn processors do not seem able to resist.
Cotton yarn prices are clearly rebounding in China, over higher cotton fiber prices.
Yarn prices previously began falling from their extremely high levels.
A rebound in raw material costs however offered an opportunity for raising yarn price offers.
Tight Supply
Power shortages this summer may also have resulted in tighter supply on the China's yarn market.
On certain local yarn markets, demand for yarns remains relatively low but there is a seasonal trend toward stronger yarn buying.
In Qianqing, cotton yarn prices surged 650 to 1,000 yuan per metric ton in the last two weeks (12 to 18 cents per kilo).
They less strongly increased on other local markets, however.
Cotton import prices recently surged over a new rally in international lint prices.
Polyester and Viscose Yarns
Spun polyester and viscose yarn prices began also bottoming out, after polyester and viscose staple fiber prices rebounded in the last week.
Whatever the high level in fiber and yarn prices, demand for Chinese textile products remain very firm.
New productivity gains could help the textile pipeline in absorbing the rise in raw material costs.
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