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Indian cotton export demand downturn in China's procurement - rarely Textile information - Textile net - Textile integrated service provider
Nearly a week, Indian cotton prices fell, the reason is lack of demand, especially the export market. A blended yarn prices 1. Around 7%, close down by 4. Has fallen 15 5%, nearly three months. 5%. Pure cotton yarn prices fell 2% in a single week, 30 combed yarn for nearly three months has fallen by 12%. At present, the Indian cotton export demand downturn, China's procurement rarely. Indian cotton yarn exports to China in July fell 80% year on year, Pakistan yarn obviously have the upper hand, duty-free exports to China and Pakistan Pakistani rupee fell sharply to stimulate Pakistan yarn exports to China. Trapped in that high prices in the domestic circle of Indian cotton, on the one hand, high prices will devour profits, on the other hand, if a few weeks before cotton prices, India yarn exports will be bigger. At present the Indian rupee fell sharply, but the yuan's exchange rate also fell in, India yarn exports almost bewildered.