Overall market uncertainty in the face of US tariffs has put downward pressure on materials prices.

U.S. cotton futures hit their lowest level since August 2024, as the market faced pressure from a stronger dollar and speculative selling.

WTI crude oil futures extended its recent decline toward $72 per barrel as concerns over a US-China trade war outweighed supply risks stemming from President Trump’s intensified economic pressure on Iran.

Yarn prices remained flat, due in part to last week’s Lunar New Year holiday.