Spun Yarn Prices In China

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21 November 2008 -Spun yarn prices more sharply fell in the past two weeks in China, compared with the previous period. Viscose yarn prices even crashed, with a loss of about 6%. Cotton yarn prices heavily fell in line with the current drop in cotton prices. Polyester staple and yarn prices less dramatically declined. The cotton system pipeline is confronted with a wave of bankruptcies in the coastal provinces where plants are shutting down. Yarn production is slowing down as a result, although still rising.

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