Cotton Prices In India Are Expected To Stabilize And Cotton Yarn Prices Will Be Reduced Passively.

In recent weeks, the price of India staple yarn has dropped markedly because of the further decline in cotton and polyester short prices.

Market demand weakened after the rupee exchange rate fell again.

However, domestic cotton production has declined or boosted cotton prices later.

As of early January, 30 Combed Yarns dropped from 226 rupees / kg to 216 rupees / kg at the end of October, and the blended combed yarn dropped from 174 rupees / kg in December 4th to 167 rupees / kg. The 100% purified yarn fell from 155 rupees / kg in November 6th to 140 rupees / kg, and dropped by 10% in two months.

The fall in cotton prices is one of the reasons for the fall in yarn prices.

With the increase in the number of new cotton listed, cotton prices in India began to fall, but the demand for domestic textile mills was sluggish because of the increase in the rupee rate in the past three months.

The price of chemical fiber fell sharply from December last year, and fell by 3 rupees / kg after the new year. But the price of yarns has not completely changed with the price of raw materials, so the profits of chemical fiber manufacturers in recent weeks should be improved.

In the coming period, cotton prices in India are expected to stabilise under the support of the international cotton prices rising and stabilizing and the decline in production in India.

The price of polyester and short will probably rise on the back of the rebound of crude oil. At present, the price of PTA in the Far East is rising.

New York crude oil futures have broken through the mark of 50 US dollars / barrel today.

On the export side, the price of cotton yarn in India has been falling for weeks, due to insufficient market demand.

The rupee appreciation has weighed on exports and forced textile mills to cut down the price of the US dollar.

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After the new year's day, although the price of international cotton fell continuously, cotton prices in Pakistan were stable, and domestic and export prices of yarn remained strong.

In recent weeks, factories in the lower reaches of Pakistan have been sluggish in demand, cotton yarn prices have dropped slightly, and cotton yarn market has been sluggish. Textile mills are trying to control product inventories.

At the same time, export market demand is also relatively weak, and the quotation of cotton yarn export has remained stable for the past three weeks.

It is reported that after the government has solved the energy problem of the textile industry, the start-up rate of the cotton mill has rebounded.

In addition, after the government cancels the import tariff of cotton, the mill is expected to begin to buy foreign cotton.

In recent weeks, there has been no change in sticky prices in Pakistan, and the price of sticky imports has decreased slightly over the past four weeks.

Polyester and short prices have also remained stable, and import prices in China have declined very little in the past two weeks.