Yarn prices have not moved in China where production is very slowly returning to normal after the end of lunar year holidays. Yarn import prices have been kept unchanged in the meantime, in absence of clear trends for the coming period.
The yarn production is slowly returning to normal, about ten days after the end of the lunar year holidays.
Workers are very long in coming back to plants, as usual in this part of the year, and many of them will not return at all.
Spinners are therefore busy hiring new employees whereas price offers have been released at the same level than before holidays.
Yarn producers are also waiting for clearer future trends before triggering new operations.
Cotton yarn futures have dropped 1.2% in the last seven days, but they could rapidly rebound.
Price offers have remained unchanged on the import market, with the price of Vietnamese yarns expected to rise.
The implementation of the CPTPP between 11 nations in the Far East and Americas -but not China and the United States- will progressively result in eliminating tariffs on textile products, therefore boosting exports of Vietnamese yarns.
Source: Emergingtextiles
