India Pakistan Cotton Yarn Price Rises All Over The World
In the recent week, with the recovery of global textile production, cotton yarn prices in India rose comprehensively, and cotton prices continued to rise. Yarn production and export are expected to recover in the new year.
During the week, most of India's yarn products rose 1-2 rupees / kg, and cotton yarn rose again after a brief decline. Domestic cotton prices continued to rise, up 4.3% in the past four weeks. However, in recent weeks, India's large number of new cotton listing, may limit the rise in cotton prices.
In the new year, India's cotton consumption and exports are expected to rebound. China's demand for Indian cotton will remain strong as domestic yarn prices rise.
In recent week, Pakistan cotton and cotton yarn prices rose, domestic and foreign market demand remained strong. Recently, Pakistan's cotton prices started a new round of rise, as well as the low inventory of raw materials, yarn prices rise to provide strong support.
Despite the rise in yarn prices, Pakistan's downstream textile mills have purchased a large number of high count yarns. The shortage of some varieties has prompted the mills to raise their prices. The price of 20 Combed Yarns has increased by 4.04% in a single week. Cotton yarn export prices also maintained a rise, due to a surge in demand after China's long holiday.
At the same time, the price of Pakistan grey cloth increased even more, with some varieties increasing more than 5% in a week. Polyester cotton yarn and polyester viscose yarn also rose. Pakistan's cotton prices rose even more, in line with the international market trend. The Karachi spot price index rose 5.95% to 9800 rupees / Maud (37.32 kg).
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