Fiber and yarn prices have moved in very different ways in the last seven days depending on fibers being used but also with different trends in China, India and Pakistan. In addition to the volatility of fiber prices, currency variations are also playing a key role.
Cotton fiber and yarn prices have moved into very different directions in the last seven days in China, India and Pakistan.
In China, cotton prices have continued slightly declining over a large level of supplies after sales have resumed from state inventories a few weeks ago.
The China-US trade war is also depressing anticipations whereas the low level of textile and apparel production is further lowering demand.
In Pakistan, cotton prices have rebounded in line with the recent recovery on the international market.
The new depreciation of the local currency has further boosted import prices in rupee terms.
Cotton yarn prices have therefore been raised on the domestic market, however sliding in US$ terms.
In India, cotton prices have also rebounded over tight supply and a rise of cotton import prices.
Cotton yarn prices have stopped falling, being however not yet raised on a market confronted with excess inventories.
On the polyester market, prices of fibers and yarns have further dropped in China, respectively losing 3.2% and 2.7% in our price model below.
In Pakistan, PSF prices have been eventually lowered over a fall of Chinese prices.
100% polyester prices have very slightly dropped.
Spun polyester prices have also been slightly lowered in India although PSF prices have stayed firm due to a current shift in domestic demand from cotton to polyester fibers.
Source: Emergingtextiles
