COTTON YARN EXPORTS DECLINE IN APRIL AVERAGE REALIZATIONS REMAIN STEADY

Yarn exports from the major ports of India were at US$55,973 ton declining by about 7%.due to decline in Cotton and PV yarn exports. This was after a 19% jump in exports in March. The rupee again strengthened in April, moving below Rs 40/US dollar and thus shrinking margins.

43,428 tons of cotton yarn was exported in April, lower by 10% while PV yarn exports further declined 27% to 1,823 tons. Polyester yarn exports which had declined in March by 29% reversed its trend and increased 27%. Viscose yarn exports increased at a rate of 7% after jumping 43% last month and were at 3,348 tons. PC yarn exports increased 11% to 3,391 tons. Of the 111 tons of Dyed yarn exported, 45 were Viscose dyed and 39 were PV dyed.

Average realized price for cotton was steady at US$2.98/kg while the average price of viscose yarn declined 8 cents to US$3.78/kg. PC and Polyester yarn prices averaged at US$2.47/kg and US$2.71/kg. PV yarn average prices however increased 15 cents to US$3.11/kg.

Bangladesh was the biggest importer of Indian yarn followed by Brazil and Turkey, though exports to Bangladesh, Turkey and South Korea declined. Exports to Bangladesh declined 28% and to South Korea declined 30%. The average prices paid by Bangladesh buyers was US$2.83/kg, lower than the average price. The highest price among the major importers was paid by Italy, paying US$4.91/kg followed by Belgium and Germany.

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Synthetic Yarn Exports - Textile Industry

During March, 3,125 tons of viscose yarn and 2,196 tons of polyester yarn were exported. While exports of viscose yarn increased 34% (after declining in February), those of polyester yarns declined dramatically by 34%. However, unit value realization increased for both the yarn types. Belgium was the largest importer of viscose yarn with a volume of 950 tons. The second largest was Italy with 340 tons. Together, these destinations accounted for 40% of viscose exported from Indian. They also accounted for 60% of incremental exports between February and March 2008.

Polyester yarn exports slumped in March in comparison with February volume. Turkey was the largest importer, importing 592 tons. The other major buyers were Brazil, Egypt and United States of America. 30/1, 20/1 and 12/4 were the top three counts exported.

Blended and Speciality Yarn Exports (Grey, dyed & mélange)
About 3,050 tons of polyester cotton and 2,501 tons of polyester viscose (PV) yarns were exported in March. While exports of PC yarn increased 1% that of PV yarns declined 17%. Unit value realization was stable at US$2.97/kg for PV while it increased by 10 cents in case of PC yarns. The major buyers of Indian PV yarn were Turkey (590 MT), Brazil (469MT}, Syria (221MT) and Argentina (215MT) and these four countries made up 60% of the total Polyester – Viscose yarn export. 30/2, 30/1 and 24/1 were the major counts exported in PV yarn.

Specialty yarn export increased by about 12% in March with export volume of 2,373 tons. Compact yarn export increased by 11.7% in terms of volume while unit value realization was up 21 cents a kg. Export of gassed yarn almost doubled to 535 tons in March with average unit realization declining 26 cents a kg. While organic yarn exports declined 31% that of core spun yarn increased 36%.

The detailed report covers the export analysis of cotton, polyester, viscose spun yarns and the blends as well. The information is part of YnFx Yarn ExportWatch report and for your copy of the detailed report please write to sales@ynfx.com