Insufficient demand in China, weak export of cotton yarn from India and Pakistan

Although the price of cotton in India has stabilized in the past week, the price of cotton yarn has accelerated and the profit of spinning mills has shrunk. The spot price of Indian S-6 rose 0.9% during the week. In the past four weeks, India’s 30 carded yarns have fallen by 4%.　　 At present, the demand of Indian downstream companies is still weak, and Chinese import companies have not yet fully returned to the market. In April, the import volume of Indian yarn fell by 73% year-on-year. Although the national blockade is a factor, Indian yarn exports have been declining since last summer. Before the recovery of retail consumption in Europe and the United States and the recovery of China's import demand, the price of cotton yarn in India will continue to fall.　　 In the past week, with the end of Eid al-Fitr and the blockade, the Pakistani textile mills resumed production, and the price of cotton yarn was firm or slightly rising, and the specific varieties were different. Cotton yarn exports are still sluggish, because the decline in Chinese clothing exports to Europe and the United States has led to insufficient cotton yarn imports. Article keywords: 　India-Pakistan cotton yarn