Indian cotton yarn prices fell slightly
In the week of April 12-19, cotton yarn prices in India fell slightly, with JC30SFOB prices falling by 1 rupee/kg; cotton prices fell slightly, mainly because the continued increase in foreign cotton imports put pressure on domestic cotton prices in India.
In the international market, Indian cotton prices are not very competitive, resulting in a gradual decline in demand for Indian cotton in the international market. At the same time, the competitiveness of Indian cotton yarn exports has been weakened by rising production costs, especially as China’s demand for Indian cotton yarn has plummeted.
It is understood that yarn production in India has basically stabilized in the past four years. From January to December 2016, yarn production decreased by 0.05% year-on-year. In particular, pure cotton yarn production dropped significantly, decreasing by 2.01% year-on-year; blended yarn production decreased by 0.05% year-on-year. Yarn output increased by 5.74% year-on-year; non-cotton yarn output increased by 5.12% year-on-year.
In terms of inventory, Indian yarn inventory decreased by 3.57% year-on-year from January to December 2016, of which pure cotton yarn inventory decreased by 6.05% year-on-year, blended yarn inventory increased by 0.35% year-on-year, and non-cotton yarn inventory increased by 3.27% year-on-year. Indian cotton yarn prices fell slightly
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