India and Pakistan fully closed the country, cotton yarn export prices are stable

With India’s closure of the country for three weeks to mid-April, the textile industry was completely stopped, the entire textile supply chain was destroyed, textile factories were forced to close, and inventories remained stable. Due to traffic disruptions, Kupang and Mabang were blocked from transporting cotton, and the migrant workers returned to their places of origin. As demand in Western countries has dropped to a freezing point, a large number of orders have been cancelled and production has stopped, so textile mill inventories will not rise sharply for the time being. Due to the cessation of trade activities, cotton yarn prices remained basically unchanged.　　 Pakistan closed the country last week, and trade activities were partially delayed. Although downstream demand has plummeted, cotton yarn prices have risen due to the reduction in output. The sharp drop in the operating rate of textile mills has created conditions for the spinning mills to raise prices. The largest yarn mills have stopped production, and now there are only a few quotations. In the near future, they tend to ensure that they are available for sale. 30 carded yarns rose by 6.36%. Article Keywords: 　India and Pakistan Cotton Yarn Cotton Export Price China Overseas Textile