Fiber and yarn prices have stabilized in the last seven days in China, India and Pakistan. Uncertainties are rising in China where cotton fiber and yarn prices could however bottom out in the coming period. In India, the fall of international cotton prices is pressuring the domestic fiber and yarn markets.
Fiber and yarn prices are no more moving in China, India and Pakistan.
The end of Chinese holidays has not been yet followed by the usual rebound of textile production, due to ambient pessimism in the country.
With everyone waiting for the end of US-China trade negotiations, operations could be further postponed as far as possible.
On the cotton yarn market in China, prices could now rise in line with tighter supply in the current period.
With the cotton crop having been digested, cotton fiber prices may slightly rise on the domestic market.
Cotton yarn prices could follow the same upward trend, taking advantage of stronger demand from textile and apparel producers.
International cotton prices may have fallen in New York, but a lack of import quotas will limit demand for foreign fibers whereas additional tariffs on US cotton also will reduce buying opportunities.
In India, cotton yarn prices have stopped rising over a new decline of cotton fiber prices which are depressed by more competitive foreign grades.
In Pakistan, demand for cotton yarns has slowed down after being previously strong.
Source: Emergingtextiles
