Driven by China's demand, India and Pakistan's yarn prices soared

In the past week, Indian cotton prices rebounded because of the continued rise in cotton yarn prices.　　In the week, India’s S-6 cotton price rose 3.2%, and CCI’s large-scale acquisitions supported the market price. According to the latest USDA forecast, India’s cotton production will not increase this year, and exports are expected to increase by 56%.　　 Despite rising cotton prices in India, the current global market remains competitive. This year, India’s cotton stocks will continue to rise, doubling from two years ago.　　 As the price of Indian cotton yarn has risen sharply in recent weeks, China's demand for Indian cotton yarn may decrease in the future, and Vietnamese yarn is now more competitive.　　 Pakistan cotton and cotton yarn prices also continue to rise, because the recovery in Chinese demand has brought optimism to the market.　　 During the week, Pakistan’s cotton yarn export prices continued to rise. In recent weeks, foreign orders have continued to increase. Chinese downstream manufacturers have ordered a large number of recently delivered veil, prompting Pakistan’s domestic yarn mills to increase their quotations.　　 Affected by this, although European customers have little interest in buying, the export price of Pakistan’s cotton yarn for the entire series still rises by 2%. At the same time, domestic yarn prices in Pakistan have also risen to record highs, and the operating rates of downstream textile and garment factories have recovered.　　 With the optimism brought by Chinese demand, the price of voile is expected to remain strong in the next few weeks. Article Keywords: 　International Observation of India Pakistan Yarn Cotton Yarn Yarn Price