Acrylic staple fiber prices in July were down in China, India, and Pakistan. 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 idle or with reduced production. In China, offers for cotton-type staple fell 19 cents a kg and medium-length staple was down 19 cents a kg as compared to June.
Cotton yarn prices were mostly down in China, India, and Pakistan in July. In China, cotton yarn prices were stable-to-down despite firmer cotton fiber prices during the month. Demand for yarn from the downstream sector remained weak. Spun yarn prices may stabilize in China with a recovery in demand in August, and in tandem with the seasonal rebound of textile production in the country. In India, cotton yarn prices were down amid sluggish demand that month. In Pakistan, cotton yarn prices were talked down amid muted trading during the month. In China, 32s carded cotton yarn was down 11 cents a kg while 21s combed was down ten cents as compared to June. In India, 30s combed for knitting fell 15 cents a kg on the month.
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