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ACRYLIC CHAIN
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Acrylic staple fibre prices in July were down in the Asian markets of China, India, and Pakistan during the month. In China, ASF offers reacted to the recent downtrend in the raw material ACN cost this month. Downstream demand was dull as yarn producers themselves witnessed lower sales, which in turn resulted into lower procurement of acrylic fiber during the month. Supply in the market was largely stable with many plants either idled or had cut production.
Acrylic, cotton prices mostly down in the key regions
Cotton market weakens, viscose jumps
Cotton futures’ uptrend slowed down in the week ended 5th July 2019 amid expectations of massive production in the coming season, largely in India. Meanwhile, Brazil substituted US cotton suppliers on the Chinese markets due to the US-China trade war.
Viscose staple fibre prices jumped in China, fell in India, and remained flat in Pakistan during the week. In China, VSF offers rose further this week amid limited availability and decreasing supply in the markets. A few downstream buyers restocked VSF again this week despite having bought in huge quantities previously.
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Viscose, cotton markets remain bearish
Viscose staple fiber (VSF) offers in the Asian markets were lowered again in the last week of May 2019 due to lackluster downstream buying interest amid cautious mentality as a whole. Viscose filament yarn prices were range-bound despite the fall in raw material cost. The market sentiment doesn't seem to improve much and it is likely that it will remain bearish in the coming weeks as well.
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Cotton price in India rises on fresh demand, leads to hike in yarn prices
Related Keywords: China cotton index, cotton prices in china, cotton prices in india, cotton prices in Pakistan, cotton trade in India, cotton yarn market in India, fabric market in Pakistan, textile mills in India, yarn prices in china, yarn prices in India, yarn prices in Pakistan
In India, cotton prices edged up in the third week of February on fresh demand from domestic yarn mills after prices declined in the previous week. Gujarat Sankar-6 cotton gained INR500 to INR33,600 per candy. Other varieties saw prices gain INR200-800 per candy.
Cotton prices depressed across major markets, yarn follow suit
Related Keywords: cotlook index, cotton prices, cotton prices in china, cotton prices in india, cotton prices in Pakistan, Cotton yarn prices, cotton yarn prices in china, cotton yarn prices in india, cotton yarn prices in pakistan
In early June, YnFx had predicted that cotton prices will remain subdued in June as global supply and demand volumes then pointed to sustained weakness while a number of factors were underpinning the recent improvement. As the month crossed its first half, cotton prices were depressed across major markets on ample supply amid poor demand.
Cotton price rises to two-week high on ICE on fear of output drop in China
Related Keywords: cotton forecast, Cotton futures, cotton prices in china, cotton production in china
Cotton prices have been see-sawing for some time now, gyrating on production news from top producing countries. On the ICE, cotton prices jumped to a two-week high on 21 November after China predicted its harvest will decline 12.3 per cent this year as an early frost adversely impacted its yields. The most-active March cotton contract on ICE Futures US gained US cent 0.58 cent, or 0.7 percent, to settle at US cents 78.14 per pound, near the contract's 10-14-day moving averages.
