India Pakistan Yarn Prices Rise Sharply Driven By China'S Demand

In the last week, Indian cotton prices rebounded as cotton yarn prices continued to rise.

During the week, India's s S-6 cotton price rose 3.2%, CCI's large-scale acquisition supported market prices. According to the latest forecast of USDA, India's cotton production will not increase this year, and the export is expected to increase by 56%.

Despite rising cotton prices in India, the global market remains competitive. This year, India's cotton inventory will continue to rise, double two years ago.

With the sharp rise in Indian cotton yarn prices in recent weeks, China's demand for Indian cotton yarn may decrease in the future, and Vietnam yarn is now more competitive.

Pakistan's cotton and cotton yarn prices also continued to rise, as China's recovery in demand brought optimism to the market.

In the same week, the export price of Pakistan cotton yarn continued to rise, and foreign orders increased in recent weeks. Chinese downstream manufacturers ordered a large number of recently delivered Pakistan yarn, prompting Pakistan's domestic yarn mills to increase their quotations.

Affected by this, although European customers are not interested in buying, the price of Pakistan cotton yarn export is still up 2%. At the same time, domestic yarn prices in Pakistan also rose to a record high, and the start-up rate of downstream textile and garment factories recovered.

Under the optimism brought about by China's demand, the price of Basha is expected to remain strong in the next few weeks.