Home / Knowledge / News / Textiles / Prices of all fibres expected to hike in short term

Prices of all fibres expected to hike in short term

04
Aug '12
According to experts, prices of all fibres are set to increase in the short term.

According to Chinese Customs, China imported 108,300 tons of cotton yarn in June 2012, which is 13.33 percent higher than a year earlier. During the same period China exported 38,700 tons of cotton yarn. Imports overshot exports by 69,600 ton.

The cotton price in Indian market is all set to increase as Chinese cotton imports continue to surge. Cotton imports shot up 30 percent y-o-y between Sept 2011 and June 2012. Chinese cotton yarn imports too reached 1.02 million tons whereas, exports declined by 11.90 percent to 225,500 tons.

In the Indian market, prices of Sankar-6 raw cotton too have risen around 9 percent since the beginning of July from around Rs 34,500 per candy (1 candy = 355 kg) to Rs 37,500 per candy on August 3. Experts opine that prices will rise higher in the short term.

In Polyester fibre market, PSF manufacturers in Asian region are facing pressure from higher feedstock price as crude oil price shot up drastically last week which is expected to maintain this level despite the European crisis.

PTA and MEG price was around US$ 1010/ton and $ 960/ton respectively in Asian market, yesterday. In F E Asian market, PSF prices were offered at US$ 1470/ton, but according to market experts it is expected to increase further.

Due to similar reasons, price of ASF is also expected to touch level around US$ 2380/ton which is at present US$ 2345/ton to US$ 2355/ton in China, Japan and S Korea, respectively. Acrylic fibre trends have increased drastically in last few days and hence ASF users are afraid of further price hike.

In the Indian markets, VSF price too is quoting at high levels of around US$ 2100/ton to US$ 2125/ton and is expected to touch levels of US$ 2150/ton in near future. 

Fibre2fashion News Desk - India


Must ReadView All

Pic: Shutterstock

Apparel/Garments | On 4th Aug 2021

US FTC votes to reverse course on repeal of fabric care labels

The US Federal Trade Commission (FTC) recently voted to retain the...

Pic: Shutterstock

Retail | On 4th Aug 2021

June retail turnover in Germany up by 4.2% over previous month

Retail sales in Germany rose much more than expected in June...

Pic: Kontoor Brands/Wrangler

Apparel/Garments | On 4th Aug 2021

US’ Kontoor aims for sustainable growth with diversity & inclusivity

Kontoor Brands, an American apparel company with denim brands like...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Delay in adopting water sustainability both financially & environmentally...

Textile Industry, Head honchos

Textile Industry
Head honchos

Great step towards realising end goal of 'AtmaNirbhar Bharat'

Textile Industry, Head honchos

Textile Industry
Head honchos

The pandemic has reinstated need for organised retail spaces in Tier II...

Seema Mishra,

Seema Mishra

Set up in January 2020 by <b>Seema Mishra</b>, the Kasrawad Art Cluster...

Emmi Berlin,

Emmi Berlin

With the support of the first investors - Finland's Technical Research...

Sanjay Vakharia,

Sanjay Vakharia

One of the first few Indian denim brands, Spykar, established in 1992, was ...

Sanjay Raut, Garware Technical Fibres Ltd

Sanjay Raut
Garware Technical Fibres Ltd

Garware Technical Fibres Ltd (formerly Garware-Wall Ropes Ltd) is a...

Sven Ghyselinck, Devan Chemical

Sven Ghyselinck
Devan Chemical

Headquartered in Belgium and with offices in the United Kingdom, Portugal...

Frank Heislitz, Freudenberg

Frank Heislitz
Freudenberg

Freudenberg Performance Materials is a leading global manufacturer of...

Vidur Adlakha & Riccardo Bennidini, La Fuori

Vidur Adlakha & Riccardo Bennidini
La Fuori

With an active presence in US, Italy and India, clothing brand La Fuori...

Archana Jaju, Label Archana Jaju

Archana Jaju
Label Archana Jaju

<b>Archana Jaju</b>’s Hyderabad-based eponymous label works with artisans...

Shalini Sharma & Shweta Pundir Sharma, Six Yard Story

Shalini Sharma & Shweta Pundir Sharma
Six Yard Story

Six Yard Story is a premium artisanal brand with a focus to bring handloom ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


July 2021

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Advanced Search