India and Pakistan in February bottom - the profits from China's yarn cotton prices fall
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Media news, India and Pakistan cotton prices fell sharply in February, average cotton prices have dipped to a low level, but no cotton yarn prices also fell, so the mill profits increased.
According to statistics, in India, S -
6 cotton prices and 30 s, pure cotton yarn price in local currency terms, the mill production gross profit gained 5.
In Karachi, Pakistan spot cotton prices and faisal bud 30 s than pure cotton yarn price, according to the local currency terms, the mill production gross profit gained by 2.
In the same period last year, India's spinning mill profits synchronous fell by 6%, while Pakistan increased 6%.
Spinning profit it is understood that in the past two years, Pakistan has been higher than that of India and China, because China's market prices steady, spinning profit is relatively low, even if the rising of RMB exchange rate, production profit is still lower than Pakistan.