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China needs to reduce cotton yarn prices - India Textile information - Textile net - Textile integrated service provider
by:Chengyi
2020-07-10
In the latest week, India cotton prices began to fall, this is the first 3 months, the reason is China's demand for new crown pneumonia outbreak.
In the week, India's domestic 30 combed yarn fell 1%.
From a record low since last November 5, Indian cotton prices rose 7 - in the following three months
8% year-on-year, cotton prices fell 2%, so the cotton mill profits began to improve.
In addition mills open lower likelihood also support the yarn price.
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