Cotton fiber and yarn prices are now very firm in China, India and Pakistan with no sign they could soon decline. Polyester prices have bottomed out in China, meaning India and Pakistan could follow the same way. The viscose market looks everywhere depressed with prices dropping by contrast.
Cotton fiber and yarn prices are now more or less rising in China, India and Pakistan with significant differences between the three countries.
In India, cotton prices have rebounded in the last days over a rise in Chinese demand with exports surging as a result and the domestic market prices being boosted.
Cotton yarn prices could now rise in India after staying firm in the past week.
In China, the lack of official sales from state reserves is supporting domestic cotton prices now steadily rising day after day.
The end of China-US trade negotiations could further boost prices.
In Pakistan, prices are very firm after cotton imports from India have been suspended.
Cotton yarn prices have in addition risen in the past week over a rebound of demand.
Cotton yarn prices are also rising in China.
Higher polyester fiber prices in China
The sudden rise of polyester fiber prices in China may be expected boosting spun polyester prices in the coming days.
In India by contrast, 100% PSF yarn prices have slightly declined whereas staying firm in Pakistan.
Viscose fiber prices have fallen in China and Pakistan with 100% viscose dropping in India, staying firm in Pakistan and now expected declining in China.
Source: Emergingtextiles
