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Prices20 Feb 2017Since the week ending 3 February, cotton prices in China have seen an increase, due to strong demand and tighter supply.
Prices20 Feb 2017International cotton price levels saw positive growth in the week ending 17 February, as a result of strong export figures.
Weekly analysis of the Australian Wool Market by Chris Wilcox, Executive Director of the National Council of Wool Selling Brokers of Australia.
Insight15 Feb 2017The strengthening dollar placed downward pressure on the dollar price of Chinese man-made fibres. However, rising oil prices, strong demand and limited supply have forced an upward price level since the Chinese New Year. Recorded polyester filament price increase ranged from 2.2% to 6.2% in terms of yuan and 2.1% to 6.1% in terms of dollars when compared to the recorded price level during the Chinese New Year. Polyester staple fibre grew 4.57% in terms of yuan, 4.45% in terms of dollar, while Chinese viscose grew 3.29% in terms of yuan and 3.18% in terms of dollars when compared to prices during the Chinese New Year. The stronger supply position from Indian farmers allowed Indian raw cotton prices to stabilise in terms of INR. Yarn prices also remained relatively stable. Upward pressure on the dollar value of Indian cotton yarn was further reinforced by the positive movement of INR relative to the US dollar, following positive feedback from India’s National Budget Announcement. Globally, meanwhile, volatile cotton prices continued to shift upwards.
