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India spends gauze export demand rebound began to weaken - by rupees Textile information - Textile net - Textile integrated service provider
In the latest week, India's domestic cotton and chemical fiber yarn prices dropped significantly, cotton yarn exports quotation in dollars rose, reason is the rupee against the dollar rebound in recent weeks, textile mills to maintain profits. Statistics show that India 30 combed yarn FOB price 2. $85 / kg, 2 three weeks ago. $7 / kg, gained more than 5%. In India, with the increase of market of the crop, domestic cotton prices began falling from a recent peak. India's cotton and cotton yarn export demand is influenced by rupees rebound began to weaken. Compared to a few months ago, the Indian cotton and cotton yarn less competitive in the international market. Indian cotton prices will help the textile mills to maintain production profit, but domestic cotton prices began to fall, punjab 100% pure cotton yarn prices fell by 1 week. 8%, falling 100% chemical fiber yarn with polyester staple fiber and weaving mill demand fell and fell. The future for a period of time, the domestic MSP will make cotton prices remain high and CCI scores of MSP acquisition may make spinning mill in India are facing profit compression condition.