ET-TRADE: fabric market next year could come alive
However, it is possible, the expert believes that, in contrast to the cotton market, which now has gained a steady price range of 69-77 cents / lb, the tissue market in the next year may come to life. First, the current period of purchases from producers is very different from past years: cotton stocks in the warehouses is 1.5 times higher than the demand. Consequently, at this time it is the textile market will dictate the price of contracts.
Second, artificial fabrics are increasingly taking over the market, allowing manufacturers to adjust to demand and supply.
Third, actively stimulating consumer demand in the U.S. and Europe is already producing some results, and, it is the sector most often upotrebimykh goods. Thus, the sales growth of tissue in the EU since the beginning of the year exceeded 7%. Provided that the government measures to support the economy dynamics in the global textile market in the next year is activated not only in the EU but also in Asia and in the United States.
