The yarn market has started recovering in China, over a return to full work at spinning mills whereas optimism is now prevailing over trade negotiations with the United States.
The yarn market has eventually begun recovering in China, two weeks after the end of lunar year holidays.
Workers are back to work in most spinning mills and operating rates have returned to pre-holiday levels.
Optimism is also back after US president Trump has revealed that trade negotiations with Beijing would most certainly succeed.
Cotton prices are expected to rebound if an agreement is eventually reached between the two economic powers.
Cotton fiber prices have very slightly risen and cotton yarn prices have been raised in Qianqing, especially the lower counts.
On the polyester market by contrast, fiber prices have started dropping in the past two days and spun polyester prices should follow the same way in the coming week, as a consequence.
The viscose fiber and spun yarn markets are staying fully frozen by contrast.
Cotton yarn import prices have begun slightly rising in US$ terms but should stay unchanged or even fall in yuan terms after the renminbi has sharply risen in the past days.
Source: Emergingtextiles
