Chinese demand drives up India and Pakistan yarn prices

Last week, Indian cotton yarn prices rose sharply for the second consecutive week driven by domestic and foreign demand. After the Chinese New Year, there was a significant increase in inquiries and export quotations increased significantly.　　In the week, Indian cotton yarn quotations rose by 1-3%, but they have not yet returned to their mid-January highs. At the beginning of this year, the tight supply of cotton yarn in India led to a sharp increase in prices. After that, prices are expected to fall sharply. However, the current international demand is very active. One of the reasons is the restricted export of Xinjiang cotton products to the US. Under the support of export demand, India's yarn prices have strengthened again.　　 In addition, the demand recovery after the epidemic has also boosted yarn prices. At present, strong retail sales in European countries have driven India's cotton yarn export prices to rebound sharply, rising 5-10 cents/kg that week, or 1.3-3%, returning to the level at the end of January. Overall, the current Chinese demand is pushing up the price of India-Pakistan yarn.　　 Last week, Pakistani cotton and cotton yarn prices rose sharply, partly due to increased demand after the Chinese New Year. The export price of 20 carded yarns rose 10.31% in a single week, and the domestic 30 carded cotton yarns rose 5.88%. At the same time, 100% chemical fiber yarn, polyester-cotton yarn, and polyester-viscose yarn also rose by more than 5%.　　 Driven by the demand from spinning mills, the price of cotton in Pakistan rose sharply, and the Karachi spot index rose by 6.36% to 11,700 rupees/maod. The price of imported US cotton rose to 101 cents per pound, an increase of 5.65%. Article keywords: 　International observation on yarn prices of cotton yarn imported from India