China's demand decreases, India's cotton yarn prices fall

In the past week, the price of cotton yarn in India has begun to fall. This is the first time in three months. The reason is that Chinese demand has been significantly reduced due to the new crown pneumonia epidemic.　　 In the week, 30 carded yarns in India fell 1%. Since the low point on November 5 last year, the price of cotton yarn in India has risen by 7-8% in the following three months, while the price of cotton has fallen by 2% during the same period. Therefore, the profit of spinning mills has also begun to improve. In addition, the reduction in the operating rate of spinning mills also supports yarn prices. Article keywords: 　Indian cotton yarn cotton chemical fiber cotton price overseas textile