India'S Cotton Yarn Is Strong, But The Chinese Market Is Still Uncertain.
After the Spring Festival holiday, the price of cotton yarn in India and Pakistan has risen over the past two weeks, and the price of Chinese cotton yarn remains at the pre holiday level.
As the downstream clothing sales level is not high, it is expected that the upward trend of yarn prices will be weakened in the future.
It is understood that the rupee depreciation in 2018 prompted India to increase exports of cotton yarn to Bangladesh and other countries, Pakistan textile and clothing exports rebounded, and cotton and cotton yarn prices in India and Pakistan were supported.
As China's economic growth has slowed down, and the Sino US trade negotiations have not yet made clear results, the future trend of yarn market is still uncertain and uncertain.
According to statistics, on 6-13 February, the price of China's 32S cotton knitted yarn decreased by 0.47% to 3.34 US dollars / kg, and the price of India 30S pure cotton knitted yarn rose by 2.16% to 3.14 US dollars / kg. The price of Pakistan 30S pure cotton knitted yarn decreased slightly from 0.39% to 2.9 US dollars / kg.
Comparison of price trend of China India Pakistan cotton yarn
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