Yarn Market Morning Express (Dec 28, 2010)

The overall market atmosphere of chemical fiber yarn recovers slightly. The sales of polyester yarn increase somehow and prices tend to move up. The market prices of polyester yarn 32s for knitting in Fujian and Guangdong are at 17000yuan/mt and in Jiangsu and Zhejiang at 17500-18000yuan/mt. In some regions, plants still keep active to sell goods at low prices. Rayon yarn prices climb up rapidly and the market prices of rayon yarn 30s for knitting are at 31000yuan/mt. Traders still purchase goods at low prices and the traded prices of rayon yarn 30s for knitting are at around 30000yuan/mt in discussion. After the increasing sales last week, plants’ inventory has decreased somehow.

$1=CNY6.63

source:CCFGroup.com