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India's PSF rates 25% higher over China; QCO fuelling the spike?

PSF prices were recorded at $*.** per kg in October ****. They decreased by *.** per cent in November, bringing the price down to $*.** per kg. In December, they further fell by *.** per cent to $*.** per kg but then slightly increased by *.** per cent to $*.** per kg in the first week of the current month. Over the last three months, the prices have decreased by *.** per cent due to both domestic and international market dynamics, according to *f_homepage_tpblock&utm_medium=logo&utm_campaign=texpro_****" target="_blank">Fibre2Fashion’s market insight tool TexPro. 

In October of the previous year, PSF prices were hovering at $*.** per kg in the Chinese domestic market, significantly lower (** per cent) than the Indian prices. These prices eased to $*.** per kg in November and further to $*.** per kg in December ****. However, they increased back to $*.** per kg in the first week of January. Chinese prices have eased by around one per cent in the last three months after fluctuating by about two per cent.