This week, due to India suspending exports, the market warmed up.
Vietnamese enterprises are trying to lower product prices to cut inventories while foreign enterprises in Vietnam are offering quite competitive prices.
– Prices from Vietnamese businesses:
o Ne 30/1 TCM 65/35 combed knitted @2.15 FOB
o Ne 24/1 TCM 65/35 combed knitted @2.10 FOB
– Prices from Foreign Enterprises in Vietnam:
o Ne 30/1 TCM 65/35 combed knitted @2.13 FOB
o Ne 24/1 TCM 65/35 combed knit @2.08 FOB
Although the difference is not much, but Vietnamese enterprises are trying to keep prices to avoid disturbing the market, waiting for the time when yarn prices will prosper.
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