Cotton yarn prices have dropped in China and Pakistan in the last seven days, whereas being firm in India. Spun polyester and viscose prices have moved into different directions in the three countries. The sharp fall of cotton and polyester prices in China could rapidly disrupt international markets, therefore affecting India and Pakistan.
Cotton and polyester prices have further dropped in the last week in China, therefore depressing price offers of spun yarn producers.
In Qianqing (Zhejiang), 32s carded knitting has lost 350 yuan per metric ton in a single week, or 1.6%.
In the meantime, the cotton indicator has dropped by 1.9%.
Cotton yarn prices have slightly declined in Pakistan due to the low level in business activities ahead of Eid holidays.
In India, cotton yarn prices have not moved, in line with a stability of cotton prices on the domestic market.
In US$ terms, Chinese prices are rapidly falling below domestic prices in India and Pakistan, as far as 100% cotton is concerned.
On the polyester market, yarn prices have resisted, with a decline of only 50 yuan per metric ton in Qianqing.
The market indicator for 100% PSF yarns has lost 130 yuan or about 1%.
In the meantime, PSF prices have been reduced by 350 yuan or 4.6%, if considering the last seven days.
In India, 100% polyester yarn prices have declined 3 rupees per kilo or 2.1% in Punjab, although fiber prices are apparently stable.
In Pakistan, fiber and yarn prices have not moved.
Source: Emergingtextiles
