Fiber and yarn prices have remained stuck at their pre-holiday level in China whereas cotton yarn prices have risen in the last two weeks in India and Pakistan. Future market trends are far from clear, with uncertainty now prevailing.
Fiber and yarn prices have remained unchanged in the last days in China, following the official end of lunar year holidays.
Markets are slowly returning to full work, actually, meaning that price offers are staying at the level of the pre-holiday period.
Market trends for the coming period are not clear at all.
China is not only experiencing a severe economic slowdown but current trade negotiations with the United States are far from being completed and could further delay buying decisions.
In India and Pakistan in the meantime, yarn prices are benefiting from an upward trend as a result of stronger demand.
A recent fall of the Indian rupee may have boosted exports of cotton yarns to countries like Bangladesh.
In Pakistan, the rupee has plunged in 2018, now triggering a rebound of textile and apparel exports and supporting material prices.
The future level of polyester fiber prices will be determinant on the polyester spun yarn markets.
Prices could be weakened by the poor level of apparel sales at retail in a large number of countries.
Source: Emergingtextiles
