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Finnish yarn manufacturer Spinnova Ltd has begun a long-term partnership with Fibria, a Brazilian forestry company and the world’s leading producer of eucalyptus pulp from planted forests.
Prices7 Jul 2017The first UK wool sale of the 2017/18 season, held on July 4, offered 1,454,263 kg.
The Australian wool market stayed firm at the first sale of the 2017/18 season despite a large offering of more than 50,000 bales.
Prices3 Jul 2017The US dollar depreciated 0.8% against the yuan on 30 June relative to the week before, placing upward pressure on Chinese fibres, filaments and yarn prices in terms of dollars. In terms of yuan, acrylic staple fibre dropped 3.87% relative to the week before and has been on a downward trend since 12 June. Polyester staple fibre prices upped 0.9% relative to the week before, with the trend being relatively flat since 12 June. Viscose staple fibre upped 0.4%, with an upward trend in price level since 12 June. All staple fibre prices are operating below their 2016/17 peak price level.The USDA has been over-optimistic regarding Brazil’s cotton trade balance in 2016/17. The forecast for 2016/17 shows Brazilian cotton trade surplus was revised downwards relative to estimates made in May. Meanwhile, in China, cotton trade deficit for 2016/17 was revised upwards due to higher-than-expected imports. Domestic demand for cotton in China was also revised upwards for 2016/17. Despite this, cotton prices in China have been falling relative to its new peak price level, while Anhui’s cotton yarn prices have remained flat since 26 May in terms of yuan.