In the past four months, the price of textile fibers remain firm, although global commodity prices have soared. In the cotton market, the cotton season leads to tension in India and Pakistan. In the past few weeks, with the low inventory level and strong yarn factory demand, the price of cotton in the two countries rose sharply. Pakistan has a new rebound in the sales and production of textiles after the release of the blockade. In India, the starting rate of the spinning mill has increased, but the demand has not been fully recovered, causing the price of yarn prices in the past two weeks. In China, cotton prices have not increased significantly in the past week, the reason is that a large number of stockings and the demand for textile mills this year.

For the same reason, the polyester market has basically not changed over the past few weeks, although the price has risen steadily with the rise of the material cost. Seasonal demand is too weak, and it is impossible to push the long-term rise in PSF. In contrast, the adhesive prices fell after soaring. Calculated with US dollar, China's crude oil prices fell by 16.3% in the second quarter of this year, but it was still 61% over the same period last year. The lower operating rate and higher material cost of fiber plants will be supported in the future. Calculated with US dollars, wool prices remain stable in the level before the previous quarter, reflecting the rebound of the Australian dollar exchange rate is wiped up by the courage of the US dollar exchange rate. Calculated with US dollars, nylon 6 has returned to 3 months ago. Previously, the company tried to rise because the recent depreciation of the renminbi limits any increase in US dollar.

Cotton prices will continue to be supported by supply, until new crops from November, November. Despite this, since the structural deficit supports imports and prices, Pakistan should get new cotton earlier. In China, the seasonal rebound in August will push the fiber prices of all markets to a higher level, before surgery, inventory has been maintained at the lowest level. However, if the coronary virus is rolled in Western countries, we will weaken the foreground and limit the rebound of fiber prices.

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