Market demand - Indian cotton export prices fall
Textile information -
Textile net -
Textile integrated service provider
Spun yarn prices dropped significantly in recent weeks, India, the reason is that the cotton and polyester staple fiber prices down further.
The rupee fell again, the market demand is weak.
But late cotton output decline or boost cotton prices.
By early January 30 combed yarn from the end of October 226 rupees/kg fell to 216 rupees ($/ kg, blended yarn from December 4, 174 rupees/kg fell to 167 rupees ($/ kg, 100% of chemical fiber yarn from November 6, 155 rupees ($/ kg fell to 140 rupees ($/ kg, 2 months fell 10%.
Cotton prices is one of the yarn fall due.
With the increase of market of the crop, India cotton prices began to fall, but weak domestic demand for textile mill, the reason is that the rupee rose nearly three months on exports.
Chemical fiber prices have tumbled since last December, after the New Year fell rs 3 / kg, but the yarn price has not fully follow the raw material price changes, so in recent weeks the waste-water profits should be improved.
The future for a period of time in the international cotton prices stabilising picks up, India production under the support of Indian cotton prices are expected to stabilize.
Polyester staple fiber prices may rebound in crude oil recover, be supported by the current PTA prices have been rising in the far east area.
New York crude oil futures has finished just above $50 a barrel.
Indian cotton export prices falling for several weeks, the reason is the insufficient market demand.
Rupees appreciation on exports, forcing textile painful cut dollar offer.