India's cotton yarn export demand is sluggish, China purchases very little

In the past week, Indian cotton yarn prices have fallen due to insufficient demand, especially in the export market. The price of blended yarn fell by 1.7%, a cumulative drop of 4.5% in the past four weeks, and a cumulative drop of 15.5% in the past three months. The price of pure cotton yarn fell by 2% in a single week, and the 30 combed yarns fell by 12% in the past three months.　　 At present, India's export demand for cotton yarn is sluggish, and China purchases very little. In July, the export value of Indian cotton yarn to China dropped by 80% year-on-year. Pakistani yarn clearly had the upper hand. Pakistan's duty-free exports to China and the sharp drop in the Pakistani rupee exchange rate stimulated Pakistani yarn exports to China.　　 Indian yarn mills are stuck in the domestic Khmer price cycle. On the one hand, high prices will eat up profits. On the other hand, if cotton prices fall in the past few weeks, Indian yarn exports will fall even more. At present, the Indian rupee has begun to fall sharply, but the RMB exchange rate is also falling, and Indian yarn exports are almost at a loss. Article keywords: 　Indian cotton yarn