India's cotton yarn export quotations rebounded sharply

In the past week, Indian cotton yarn export quotations rebounded sharply, supporting a slight increase in domestic cotton yarn prices. That week, the domestic price of Indian cotton yarn stopped falling and rebounded after three consecutive weeks of decline, with 30 carded yarns rising by 1-2 rupees/kg.　　 India's domestic cotton yarn prices rose during the first week of January and then fell sharply. After cotton yarn prices rebounded last week, the price of 30 carded yarns was 20-22% higher than three months ago.　　The reason for the increase in cotton yarn prices in India is that the shortage of domestic production has led to a very tight supply of cotton yarn. With the sudden rebound of demand at the end of last year, domestic cotton yarn stocks are almost exhausted.　　 At present, the demand from downstream companies in India continues to increase, and the price of cotton yarn is rising. Spinners also buy competitively priced raw materials from CCI, and their profits continue to improve.　　 In recent months, Indian cotton yarn export quotations have continued to rise, and prices rebounded last week, with an average of 10-18 cents/kg last week. The bottom of the previous price was confirmed. Article keywords: 　Indian yarn cotton yarn export price overseas textile