Cotton yarn prices in China increased over the past 30 days, however, not at the same levels as cotton prices.
Spinners raised prices of those yarns not available in volume through imports.
Since local cotton price in China is the highest in the world, and Pakistan and India are among the lowest, many buyers continued to take low count carded yarns from India and Pakistan, instead of buying local yarns.
Yarn producers of China suffer a major price disadvantage because of the local cotton price structure.
Past 30 days have shown gains of 500 to 1300 yuan per ton in the price of carded 40 count yarns in the Southwest yarn markets, while carded 21 count yarns have registered an increase by 200 yuan.
