India's cotton yarn export prices fall

In the past week, although some textile mills in India resumed work, the price of cotton yarn in India stopped falling due to low output. Indian cotton prices have fallen sharply.　　 At present, India's yarn production is still very limited, which provides support for cotton yarn prices. However, because downstream demand is very weak, there is no room for price increases.　　 At the same time, the price of cotton in India has fallen sharply. S-6 has fallen 3.2% in a single week, and has fallen by 20% since the beginning of this year. The Indian Cotton Company resumed its acquisitions, but the actual amount of acquisitions affected by the blockade was very small. At present, India's new cotton has basically been marketed, and CCI acquisitions accounted for 30%. If CCI sells inventory now, it will surely cause cotton prices to continue to fall sharply.　　 At present, the export quotation of Indian cotton yarn is down 10-15 rupees/kg. As China will enter the 'May 1st' holiday, the market expects that India's cotton yarn export prices will continue to fall. Affected by funding constraints, China cancelled a large number of previous contracts last week. Article keywords: 　Indian cotton yarn cotton chemical fiber cotton price overseas textile