Indian cotton yarn or annual profits under the weak demand have changed - Textile information - Textile net - Textile integrated service provider

Last week, On July 19 - On July 26) , Indian cotton prices unchanged, polyester fiber and viscose fiber prices rise again. According to statistics, India last week polyester staple fiber and viscose fiber prices rose rs 3 / kg respectively, 1 r/kg, rose by 2 respectively. 3% and 0. 6%. Over the past four weeks, 100% polyester yarn prices have climbed about 8%. Polyester viscose blended yarn prices rose over the week 2 rupees per kilogram, over the past four weeks up 3. 4%. It is understood that the Indian cotton yarn price stability is mainly due to weak market demand. At the same time because of falling demand from China, India's cotton yarn exports declined in the past few months. According to the Indian official statistics data show that in May fell 6 Indian cotton yarn production. 7%, cotton yarn inventory has also dropped at the same time. Due to predict India cotton production rebounded sharply, cotton prices will likely fall sharply for the next year, textile spinning profits will be improved. At present, the GST implementation continues to disrupt the market in India, but there are signs that in order to support the small producers and traders, GST rules there may be some revision.