Yarn Market Morning Express (Dec 16, 2010)

Although in some regions the demand for cotton yarn recovers somehow, the sales keep slack due to the price gap of 1000-2000yuan/mt between bids and the mainstream offers. Textile enterprises with wait-and-see stances still focus on selling goods and deals are traded in discussion. The market prices of high-grade cotton yarn 32s are at 36500-37000yuan/mt and combed cotton yarn 40s at 42500-43500yuan/mt with sufficient spots. In addition, rayon yarn prices speed up to drop. The market prices of rayon yarn 30s for knitting are at 31000yuan/mt and lower at 30500yuan/mt or even 30000yuan/mt.

$1=CNY6.66

source:CCFGroup.com