Indian export in 'big trouble' central Asia cotton yarn or 'opportunity'
Textile information -
Textile net -
Comprehensive textile clothing
According to India's domestic mills and exporters, 2 -
In April, India's domestic cotton prices rose again and again,
June 1 -
Domestic sales prices from 78-5/32
Up to 86-89 cents per pound
87 cents/pound, up more than 10%)
, mill profits shrink;
In order to gain or reduce losses, Indian cotton yarn to sell the price also 'soaring' (
But still couldn't keep up with cotton raised 'steps')
, is the direct result of a domestic cotton falling consumer demand, which in turn restriction of cotton prices rose further;
2 it is India's cotton yarn exports encountering 'Waterloo', especially 'yarn' futures contract fell very outstanding, not only China, Pakistan and other countries buyers interest, Bangladesh weaving enterprises, traders also complain.
Qingdao, guangzhou, ningbo and other places of the cotton trade enterprises, said on the one hand, because of the cotton yarn price rise is bigger, default, breach of promise, export enterprises increase of Indian cotton, Chinese enterprise to India yarn at sight, the cargo is not too cold, bonded OE, C16 -
C32 high BaoPiao yarn inquiry and cargo is poor;
On the other hand, central Asia cotton (
Mainly in uzbekistan, turkmenistan, azerbaijan, etc) of origin
Yarn, yarn in Vietnam, Pakistan, Thailand, Malaysia, and other yarn CNF, FOB price than India yarn more competitive.
Some yarn short-term traders, weaving mill, said India to enter and occupy the Chinese market more and more difficult, in addition to price, breach of contract, and the following two factors: one, the free trade agreement between China and Pakistan, Pakistan is not only can zero tariff to China's export cotton yarn, and can continue to textile and apparel exports to China's zero tariff (
India imports cotton still need to pay 5% duty)
, Pakistan cotton yarn, grey cloth, the competitiveness of the textile comprehensive reinforcement, Indian cotton yarn exports to China are probably the Vietnam off after, is likely to be more than Pakistan and thrown to the behind;
Secondly, the Indian rupee, access to long-term appreciation, from best to worst Asian currency, is not conducive to Indian cotton yarn exports.
Nearly five weeks, the Indian rupee from 71 to 1 Lou rose to 69 for 1 dollar.
The level of 17 (
In late march)
, rise ranked among the top in Asia, this is since August 2018, rupees through one of the strongest wave moves upwards.
Indian cotton export prices there is no reason to have to rise sharply.
And foreign betting on India's election, in 2018 the Indian rupee has some super fall cause the rupee appreciation cycle is longer than the other.