FOB China, CIF Turkey flax yarn prices expected to rise: TexPro
04 May 21 2 min read
The prices of 30s flax yarn, FOB China and CIF Turkey, are expected to increase in the coming months due to a high demand for China’s apparel and home textiles in the UK and the US. However, the prices of 30s flax yarn, FOB Italy, are expected to decrease as the demand falls in the wake of the second and third wave of the pandemic in most European states.
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The pandemic helped accelerate the demand for home linens in the US and the UK as consumers are more focused on fresh bed linens in home, hotels and motel due to the spread of pandemic. China and Turkey increased their export of these materials to destinations such as the US and the UK.
The FOB (Freight on Board) China price of 30s flax yarn was $8.99 per kg in January 2021, which increased by 1.67 per cent to reach $9.14 per kg in March 2021. It is anticipated to increase by 5.78 per cent to $9.67 per kg in September 2021 over the price of March 2021, according to Fibre2Fashion's market intelligence tool TexPro.
The FOB Italy price of 30s flax yarn was $14.26 per kg in January 2021. It dropped by 4.28 per cent to $13.65 per kg in March 2021 and is anticipated to further decline considerably by 12.98 per cent to $11.88 per kg in September 2021 over the price of March 2021, as per TexPro.
As for the CIF (cost, insurance & freight) Turkey price of 30s flax yarn, it was $8.62 per kg in January 2021, which increased by 1.97 per cent to $8.79 per kg in March 2021. It is expected to move up to $9.38 per kg in September 2021, a rise of 6.73 per cent over the price of March 2021 due to a rising export demand of apparels and home textiles from Turkey.
Fibre2Fashion News Desk (RKS & JL)
This according to Fibre2Fashion's Market Intelligence Tool - TexProPopular News
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