India and Pakistan cotton yarn prices fall

In the past week, India's cotton yarn and blended yarn prices have fallen with cotton prices. Cotton yarn prices have fallen by 2 rupees/kg. In the past four weeks, they have fallen by 5 rupees/kg, a drop of 2.3-2.6%.　　 In the week, the price of Indian cotton (S-6) fell by 2 rupees/kg, the price of polyester staple fell by 1.5 rupees/kg, or 1.7%, the price of viscose staple fiber remained unchanged, and the price of blended yarn fell by 1 rupees/kg. As the profit of spinning mills continues to decline, yarn output may decrease in the future. However, the drop in international cotton prices may stimulate textile mills to import foreign cotton and improve their profits.　　In January, India’s cotton yarn exports rebounded, with a year-on-year growth of 12.3% in terms of volume. Exports to China are stable, and exports to Bangladesh continue to soar.　　 In the past week, China's demand for Pakistani cotton yarn has begun to recover, which has supported the domestic sales and export prices of Pakistani cotton yarn, and domestic cotton yarn prices have begun to stabilize.　　Bargain yarn export prices fell, in line with the trend of commodity futures. 30 yarns fell 5 cents a week, or 1.69%, and demand from European buyers decreased. In the short term, the increase in Pakistan's yarn inventory may cause the factory to lower its export offer. India’s cotton yarn export quotation FOB unit: USD/Kg Date 30 combed cotton blended yarns 30 counts on January 28 2.7 2.55 on February 4 2.85 2.65 on February 11 2.75 2.55 on February 18 2.75 2.5 on February 25 2.7 2.45 Pakistan Cotton Carded Yarn CIF Price Unit: USD/kg Date 16 counts 20 counts 30 counts 32 counts February 5th 2.53 2.6 2.87 2.88 February 12th 2.53 2.6 2.87 2.88 February 19th 2.53 2.6 2.87 2.88 February 26th 2.48 2.54 2.95 2.88 March 4th 2.45 2.5 2.9 2.92 Pakistan Pure Cotton Combed Yarn CIF Price Unit: USD/kg Date 20 counts 30 counts 32 counts 40 counts February 5th 2.87 3.2 3.22 3.4 February 12th 2.87 3.2 3.22 3.4 February 19 2.87 3.2 3.22 3.4 February 26 2.84 3.2 3.22 3.4 March 4 2.8 3.11 3.12 3.35 Article Keywords: 　 Cotton