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Prices20 Mar 2017The 5-day average price of Chinese viscose staple fibre is beginning to drop, following its peak in week ending 10 March, while the drop in polyester staple fibres begins to accelerate.
Prices20 Mar 2017Cotton yarn prices in China have accelerated since week ending 24 February, despite the drop in price of cotton fibre.
Viscose staple fibre prices remained constant, while a drop in polyester staple fibre continued to gain speed. Pakistan’s cotton prices continued to rise, due to strong demand from renewed buying interest among larger mills. Indian cotton yarn production fell between October and December 2016 as prices increased, according to India’s Office of the Textile Commissioner. China’s yarn production increased relative to last year in the fourth quarter (October-December 2016). Prices of polyester yarn dropped alongside fibres, while viscose yarn and fibres were relatively stable. The price level was still high in relation to last year, due to strong demand from the markets.
Insight6 Mar 2017Pakistan’s cotton prices increased due to strong demand, while data was released regarding Pakistan’s cotton production being revised downwards in 2016/17. According to USDA data, domestic demand from mills is expected to fall compared to 2015/16. Exports are also predicted to fall between August and July 2016/17, relative to the year before. Indian cotton prices increased as provisional figures showed a drop in total availability of cotton in India, due to a decrease in reserves compared to the year before. Provisional figures of domestic demand, however, were marginally higher than the year before, mostly due to stronger demand from large mills. Chinese cotton prices dropped marginally this week compared to the week before, but price levels remain relatively high due to strong demand. USDA figures revealed that cotton supply is expected to drop heavily in China due to a depletion of reserves compared to last year, while domestic demand is predicted to increase relentlessly.
Insight27 Feb 2017Viscose prices continued to rise, but growth in the longer-term 5-day average price began to slow, relative to the week before. In terms of dollars, viscose prices increased 0.1% on Friday relative to the week before, thanks to the appreciation of the Chinese yuan. The price of polyester staple fibre dropped by 1.86% in terms of yuan, 1.88% in terms of dollars, relative to Friday the week before. On average, recorded polyester filaments fell 0.24%, but most filaments had stable price levels in terms of yuan. In terms of dollars, the drop in price level averaged 0.25%. In Pakistan and India, cotton prices began to fall, due to low demand for yarn and fabric. Price levels remain high, however, relative to the first week of February.
Insight20 Feb 2017Yuan appreciated against the dollar on 17 February by 0.13% relative to 10 February – therefore placing upward pressure on the dollar value of Chinese man-made fibre and yarns. Pakistan had a terrorist attack, which suppressed trading activity in Pakistan. Cotton prices in the country therefore fell on Friday, relative to the week before, despite the short supply of cotton and India tightening their cotton exports. Viscose and polyester staple fibres are at a new high following the Chinese holidays. US cotton responds positively to strong demand for its cotton exports. China is expected to continue to have a shortage of cotton in 2016.
