Fiber prices are moving into different directions in China, India and Pakistan, however not significantly changing. Yarn prices could follow the same trends as fiber prices, as usual, with market participants waiting for the end of US-China trade negotiations before replenishing their inventories.
Fiber and spun yarn prices have remained very stable in the past seven days in China, India and Pakistan.
The market continues being paralyzed by current uncertainties over the trade negotiations between China and the United States.
President Trump has already announced that China could buy large quantities of agriculture products, especially soybean.
Chinese buyers are also expected returning to the US cotton market, which would boost prices, given the key role of New York on the global market.
In China, inventories are being kept at minimum levels until the end of the discussions.
The US president has decided to delay a sharp increase of additional tariffs from 10% to 25% which he had initially planned as of March 1st.
In India, cotton prices have stopped falling over large buying from state-controlled agencies, aimed at supporting prices ahead of general elections.
In China, cotton prices are staying very firm and cotton yarn prices have started rising, at least for lower counts.
Polyester fiber prices are now slightly declining by contrast, and spun polyester prices are still expected to fall, although in a very limited way.
Viscose yarn prices could also be lowered in the coming days in China, reflecting a decline of viscose staple fiber prices in the post-holiday period.
Source: Emergingtextiles
