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.
Courtesy: Weekly PriceWatch Report
