Spun yarn prices in China - cotton, polyester, viscose, polyester-cotton, polyester-viscose.

China Yarn Prices: Domestic and Import Markets Weekly Report

Yarn prices have remained stable in the last week in China, in line with a stability of fiber prices. Cotton yarn imports have continued tumbling in March, with Vietnam now leading for the first time the market to the detriment of India and Pakistan. Our weekly report covers the China yarn domestic and import market indicators, as well as local market prices in Qianqing (Zhejiang). Prices of a large number of counts are released for spun cotton, polyester, viscose and blends. Domestic and import yarn prices are compared. Historical data are available for download.

Cotton yarn prices have remained stable in the last week in China, in line with a similar stability of cotton fiber prices.

Cotton yarn prices have very slightly increased overall, according to China's yarn index.

In Qianqing (Zhejiang), cotton yarn prices have been slightly raised, at least for lower counts.

Spun viscose prices have declined by contrast, in line with a continuous drop of viscose fiber prices.

Other yarn prices have stayed unchanged.

From India to Vietnam

China's yarn industry is slowly returning to profits after experiencing a very serious crisis.

Cotton yarn imports have continued plunging in March, with a fall of 24.35% in volume terms from a year earlier.

Unit prices have lost 8.6% in the meantime, however rising 2.2% from the previous month.

After cotton prices have remained at artificially high prices in 2013-2014 in China, Indian spinners have benefited from the lack of competitiveness of their rivals and Indian cotton yarn exports have surged to China, as a result.

With cotton prices now reaching much lower levels in China, domestic spinners are able to compete with foreign yarns.

India and Pakistan unable to compete

In addition, China's yarn industry has heavily invested in Vietnam in order to benefit from lower labor costs and the development of the domestic textile and apparel production in this country.

In March as a result, Vietnam has become the leading origin of the China's yarn import market, with its share surging from 17.9% to 29.9% in a single year.

India's share has dropped from 32.6% to 22.9% in the meantime whereas Pakistan's share was plunging from 27.3% to 19.6%.

This structural shift means that Indian and Pakistani spinners cannot rely any more on the Chinese yarn market, although they could keep a large share for specific products.







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