Yarn Market Morning Express (Oct 20, 2010)

Sales of open end cotton yarn keep smooth with tight supply. Currently, the mainstream sales of species are open end cotton yarn 10S, 16S and 21S with rising prices. Among this, the mainstream prices of open end cotton yarn 10S are at 20500yuan/mt while Schlafhorst spinning open end cotton yarn 21S with 80% raw cotton are at 27000yuan/mt with remaining tight spots supply. The tight supply of ring spinning yarn has mostly been released and prices remain firm with slight rising partly. The mainstream prices of high-grade cotton yarn 32S are at 35000yuan/mt and higher at 36500yuan/mt. Rayon yarn prices continue to move up. The mainstream prices of rayon yarn 30S for weaving and for knitting are at 27800-28200yuan/mt and 29000-29300yuan/mt. Downstream medium and small scale plants purchase yarn cautiously.

$1=CNY6.68

source:CCFGroup.com