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Depreciation will restrain import - China foreign yarn Textile information - Textile net - Textile integrated service provider

by:Chengyi     2020-06-22
Over the past seven days ( On July 4 10). Chemical fiber yarn, India started to cut prices, with the depreciation result in dollar-denominated export prices trend of polyester and viscose fiber. Indian cotton yarn after export rebound, depreciation in the short term will restrain Chinese foreign yarn imports. According to statistics, over the past seven days, India polyester staple fiber and viscose fiber prices are down 1 r/kg, 100% polyester yarn price has fallen 2 rupees/kg. Pure cotton yarn 30 s FOB export price stability. 3. $7 / kg, T65 / C3530S polyester/cotton blended yarn price stability. 2. $85 / kg. Affected by the 25% additional duties were imposed on Chinese cotton, cotton demand in China are moving to India, and other cotton producer. Over the past seven days, India cotton prices soared, especially high grade cotton. According to statistics, over the past seven days, the S - India 6 cotton prices rose 600 rupees to 47300 rupees/candesartan, rose by 1. 28%. According to the latest survey shows that India's cotton this year to switch to other crops, cotton planting area of the year will have fallen sharply, higher cotton prices. Because cotton prices have been higher than the market at present MSP, a sharp increase in the minimum support prices, MSP) Will not too big effect on the market. The future for a period of time, cotton prices will continue to rise depends mainly on Indian rupee and other currencies. According to statistics, India's cotton yarn exports and export amount in April rose, exports rose 60. 92% to 10. Compared with 55, 540000 tons of export amount. 71% to 3. $3. 1 billion, of which the low growth of 335% year-on-year, China cotton yarn exports accounted for a quarter of India's total cotton yarn exports, about 40000 tons, exports account for about 1. 100 million dollars. 1 - India April total export cotton yarn 40. 12, 40000 tons of export amount. 6. 7 billion dollars, one of China's exports total 11. 40000 tons, the export amount accumulative total 3. 1. 3 billion dollars.
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