Domestic cotton yarn prices in India begin to fall
Affected by lower fiber prices and weak market demand, domestic cotton yarn prices in India began to fall in the week of March 23-29. Among them, the price of coarse-count cotton yarn in Punjab Province fell by 1 rupee/kg, and chemical fiber yarn was also lowered at the same time. In terms of exports, the appreciation of the Indian rupee provided support for Indian cotton yarn export prices. The FOB price of 30S pure cotton yarn increased by 2 cents to US$3.27/kg, and the FOB price of 30S blended yarn increased by 8 cents to US$3/kg.
It is understood that the cost of domestic spinning raw materials in China has dropped, and the export price of yarn from India to China has been reduced. In addition, the price of Indian cotton has continued to rise in the past few months, and Indian cotton yarn exporters have been forced to increase export prices. Therefore, Cotton yarn exports from India to China plunged.
Judging from the current New York futures prices, it is expected that cotton yarn prices in the international market will continue to fall in the future. Domestic cotton yarn prices in India begin to fall
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