Indian cotton export prices rose - again
Textile information -
Textile net -
Textile integrated service provider
Over the past seven days (
On June 20
, India's domestic cotton prices and cotton export prices rise again.
Because in the past few days the substantial depreciation of the renminbi, China cotton import demand or will be affected by this.
According to statistics, over the past seven days, the S - India
6 cotton prices rose 1.
5% to 47500 rupees/candesartan, surged over the past four weeks.
Punjab 30 s pure cotton combed yarn prices rose 1 rupees to 219 rupees ($/ kg, 30 s pure cotton combed yarn export prices rose 5 cents to 3.
$50 / kg, from last year 15 levels rise.
In sino-us trade frictions escalating situation, China's demand for Indian cotton push up India's domestic cotton prices.
Combined with the Indian rupee against the RMB exchange rate to fall, India cotton prices become more competitive, India cotton began to gain market share in China.
By China's more positive on cotton import quotas, China cotton importer has a strong interest in the international market with high quality cotton purchase, S - among them to India
6, J34, MCU5 inquiry.
It is important to note that the RMB exchange rate is the sharp drop in day after day, Chinese foreign cotton demand or will fell sharply.
So after India cotton prices reached a very high level, no go higher power is expected.