Local merchants and spinners expect the yarn market to stabilise thanks to a price fall in the global market amid rising supplies, especially from China, and higher cotton production.
Cotton, the main source for producing yarn, traded between 67.7 and 68 cents per pound in the international market yesterday, down from 71.8 to 72.8 cents a few days ago.
The widely consumed 30-carded yarn traded between Tk 100 and Tk 107 a pound in Bangladesh.
“This price level has been persisting over th
At lint market, buyers made majority deals which were grade-selective while some buyers made deals for second grade stuff on premium price. Forward deals also changed hands as buyers consolidated inventories in Sindh and Punjab stations during trading session, floor brokers said.
Buyers made deals on slightly higher price on shrinking better grades of lint that also kept general prices in green zone. Buyers also made deals for all grades besides deals for fine and second grade lint for blendi
