No man is an island entire of itself; every man is a piece of the continent, a part of the main. The same can be said of fibres. No fibre is an island; they are part of the whole.
On a monthly basis, we look at comparing fibres (see last month), as it provides a quick outlook on the market structure across the major fibre types.
The chart below shows the following fibre types as an index, with 2015 being 100. The index’s value is that it allows the reader to quickly determine the rate of growth easily with pricing at different levels of magnitude.
- Zhengzhou cotton futures
- ICE cotton futures
- Chinese polyester & acrylic
- Eastern market indicator (wool)
Generally, the fibres follow one another quite closely due to their end-use being similar. This is a similar pattern show between many other commodities, such as wheat and corn.
The synthetic fibres indexes rose this month, with acrylic up 3.41%, whilst polyester was essentially unchanged.
The cotton index for both ICE and ZCE were up less than 1 percent. On the other hand, wool gained well, with a 5.6% rise in our EMI index.