Explore ideas, evidence and developments across the textile value chain.
420 articles · latest first · 169–192
Prices7 Aug 2017The inability of China’s Central Bank to net inject cash into its market has created a cautious sentiment, which could have contributed to the falling price of staple fibres and yarns. The tightened monetary policy may limit funding that may have fueled demand. Staple fibre and yarn prices dropped in terms of yuan week-on-week. Last week, China announced that it reduced the cost of energy by 100 billion yuan through reforms and fee cancellations. The reforms give the private sector a greater role in determining the price and thus allocation of energy. Previous arrangements have caused energy costs to be high as a result of state-run firms using their monopoly power to maximize their profits. By introducing private-sector competition into the industry, power could be allocated to consumers more efficiently, benefiting the textile industry as it gains access to cheaper energy. In Karachi, strong demand pushes up cotton prices week-on-week, despite negative sentiment coming from the export industry, due to fears of a continuous fall in exports. In India, the flooding in Gujarat’s key cotton-producing areas and the moisture of cotton have led to higher price levels, due to disruption of supply in the short-term, as well as expectations of pest attacks in the long-term.
Prices7 Aug 2017After the impact of flash floods in Gujarat, India’s cotton prices have inched up to INR42,300 per candy, a 0.5% increase week-on-week by 2 August relative to the week before, due to a considerable loss of sown cotton in the floods.
Prices31 Jul 2017The value of the US dollar dropped 0.42% against the yuan, due to congress failing to pass a healthcare bill. The US economy, however, looks positive, with consumer spending continuing to support its economic growth. Brazil’s 2016/17 cotton trade surplus was revised further downwards in July, relative to expectations made in June by the United States Department of Agriculture, due to a reduction in both exports and imports. Exports were revised downwards by a relatively larger amount than imports. Cotton prices in Brazil dropped 1.1% relative to the week before. The USDA’s 2016/17 market year ends in July. The Cotton Association of India predicts a slight year-on-year drop in cotton arrivals in its 2016/17 market year (which starts in October). 58% of cotton arrivals and production are in the Central Zone. 29mm Gujarat price remained constant relative to the week before, by Wednesday 26 July and by Friday, severe flooding in India appreciated the value of cotton China’s YTD yarn production grew positively year-on-year in 2017, up to June. Yarn production in the second quarter also grew positively relative to the previous quarter, and relative to the second quarter the year before.
Prices31 Jul 2017Acrylic staple fibres remained constant at 14,670 yuan per tonne relative to the week before. Viscose staple fibre started off positive on Monday 24 July, relative to the week before. The price of polyester staple fibre fared worse than yarns, dropping 1.3% by Friday 28 June to 8,225 yuan per tonne from 8,335 yuan per tonne quoted on 21 June the week before.
Insight31 Jul 2017The latest figures from China’s National Bureau of Statistics show year-to-date (YTD) yarn production in China increased 4.1% year-on-year to 20.52 million tonnes in 2017 up to June, from 19.71 million tonnes produced the same period the year before.
Insight31 Jul 2017Brazil’s 2016/17 expected cotton trade surplus was revised downwards by the USDA, as a result of a further downward revision in 2016/17 cotton exports and imports, with exports dropping by a larger amount than imports.
Prices24 Jul 2017In the final month of the 2016/17 market year, the USDA revised upwards India’s estimates for cotton demand and supply. The Chinese yuan appreciated against the dollar slightly by 0.2% relative to the week before, placing upward pressure on the dollar price of Chinese filament, fibres and yarns. In terms of yuan, FDY 50den/24F appreciated 2.7% by 21 June, relative to the week before; 2.9% in terms of dollars due to tight supply in the market relative to demand. Polyester staple fibre increased 1.2% relative to the week before; 1.4% in terms of dollars. Viscose staple fibre appreciated 0.13% in terms of yuan, 0.29% in terms of dollars. Acrylic staple fibre remained stable in terms of yuan at 14,670 yuan per tonne, yet increased 0.2% in terms of dollars due to the appreciation of the Chinese currency. Chinese 30s viscose and 32s polyester yarns appreciated at a relatively faster pace. 32s polyester yarns appreciated 3.7% in terms of yuan, and 3.9% in terms of dollars. 30s viscose yarns appreciated 1.8% in terms of yuan, and 1.9% in terms of dollars. Pakistan cotton prices appreciated relative to the week before due to bad weather restricting cotton deliveries into the market. Price levels are still operating below their 2016/17 peak as a result of larger spinners and mills choosing to sit back on the side-lines, due to insufficient support from the government. The Indian rupee appreciated relative to the dollar by 0.2% on Wednesday 19 July, yet cotton yarn prices dropped following a GST 5% for cotton related products.
Prices17 Jul 2017The yuan rose 0.4% against the dollar by 14 July relative to the week before, a 0.03% increase relative to 30 June. Staple fibre prices have continued to move positively, but are still below peak price level in terms of yuan. The same applies to polyester and viscose yarn prices. The recorded price of cotton yarn has remained stable in terms of yuan, but increased 0.37% in terms of dollars due to the appreciation of the yuan. This is the same case for filament prices. In India, year-to-date spun yarn and filament yarn production rose by April 2017 year-on-year, while year-to-date non-cotton staple fibre production dropped year-on-year. INR appreciated 0.4% relative to the week before.
Insight17 Jul 2017According to provisional figures provided by India’s Office of Textile Commissioner, year-to-date Indian filament yarn production upped 3% year-on-year from January to April 2017 to 395.53 million kg, from 373.87 million kg the same period year before.
Insight17 Jul 2017According to India’s Office of Textile Commissioner, total non-cotton fibre production in India, between January and April 2017, dropped 5.3% to 438.17 million kg from 462.52 million kg produced during the same period year before.
Insight17 Jul 2017According to provisional figures provided by India's Office of Textile Commissioner, year-to-date estimated spun yarn production in India moved positively by 1.2% between January and April 2017 relative to the same period the year before.
Prices17 Jul 2017The price of the most recorded Anhui cotton yarn has remained stable since 30 June. The midpoint price of 32s polyester yarn moved up 3.4% on Monday 10 July relative to 30 June to 12,050 yuan per tonne, from 11,650 yuan per tonne. 30s viscose yarn midpoint prices have moved positively, albeit at a much slower pace relative to 32s polyester yarns.
Prices10 Jul 2017The dollar appreciated 0.34% against the yuan in light of positive figures from the US jobs report. The appreciation thus placed downward pressure on the dollar price of Chinese fibre, filament and yarn. Recorded Chinese cotton yarn prices remained stable in terms of yuan, but dropped 0.34% in terms of dollar relative to the week before. The value of 32s polyester and 30s viscose yarns appreciated 3.43% and 1.02% in terms of yuan respectively; 3.08% and 0.67% in terms of dollars respectively. Polyester Staple fibre increased 3.9% in terms of dollars (4.3% in terms of yuan), while Viscose staple fibre upped 2.4% in terms of yuan (2% in terms of dollars). Blended yarns (poly-cotton and poly-viscose), like cotton yarns, remained stable in terms of yuan and dropped 0.34% in terms of dollars relative to the week before. In India, cotton yarn prices dropped relative to the week before, while 29mm Indian cotton fibre prices moved positively, following the GST tax rate of 5% starting from 1 July for cotton yarn. China’s YTD production of yarn and synthetic fibre production increased in the months leading up to May 2017, relative to the year before.
