Yarn Market Morning Express (Nov 26, 2010)

Although big scale textile enterprises haven’t reduced cotton yarn offers, transactions prices have been decreased substantially. Medium and small scale plants and traders keep reducing cotton yarn prices. The market prices of cotton yarn 21s are at 36000-37000yuan/mt and some traders offer Pakistan cotton yarn 20s at 35000yuan/mt. In addition, transaction prices of combed cotton yarn 40s are close to 46000yuan/mt. Rayon yarn prices also keep weak and the offers for rayon yarn 30s for weaving are at 25000yuan/mt while transaction prices at 23500-24000yuan/mt with limited new orders.

$1=CNY6.66

source:CCFGroup.com