Prices Of Chemical Fibers In China And India Soared.

In the past month, with the sharp rebound in international oil prices, the prices of chemical fiber all over the world have risen sharply, and the prices of chemical fiber in China and India have soared. Textile mills can not pfer the huge cost of chemical fiber to the downstream market, and the profits of chemical fiber yarn may drop.

Although at present

Yarn production began to turn from 100% pure cotton yarn to chemical fiber, but the proportion of chemical fiber used was still very low.

The price of cotton yarn in India rose steadily during the week because of a decrease in domestic inventories compared with the same period last year.

In addition, the decrease in the export of Chinese cotton yarn is partly offset by the growth in other regions, such as Bangladesh.

In February, China's polyester and polyester prices rose by 2.1%, while India rose by 2%.

Down 3.6%.

Affected by the rising price of chemical fiber, the price of chemical fiber yarn is higher, and the profit margins of chemical fiber yarn manufacturers may be narrowed.

China

Changes usually affect Pakistan, so the price of chemical fiber in Pakistan is likely to rise sharply in the near future.

In February, as the price of chemical fiber yarns was flat, profits of Chinese and India chemical fiber yarn manufacturers may decline, and in March, they may fall further.

The profit of Pakistan's synthetic yarn has doubled since the same period last year, so there is still room for a decline in the profits of the cotton mill in the future.

With the gradual shortage of seasonal energy supply shortage, Pakistan chemical fiber production is expected to increase, and chemical fiber yarn quotations are hard to raise substantially.

In recent weeks, yarn prices in India have steadily risen, due to the rebound in domestic chemical fiber prices and strong cotton prices.

In the week, India's pet price rose by 1.6% according to the rupee, rising by 2.5% in dollar terms.

According to the rupee, 30 chemical fiber yarns fell 13% compared with the same period last year, rising by 19% in the US dollar year on year basis.

The FOB price of India blended yarn rose to 2.45 US dollars / kg.