The price increase of cotton yarn in India and Pakistan prompts domestic downstream enterprises to actively replenish the inventory

In the past week, Indian cotton yarn prices have continued to rise, and domestic and export quotations have risen at the same time.　　In the week, India's 30 combed yarns rose 1 rupees/kg, and 40 combed yarns rose 1-2 rupees/kg. After two consecutive weeks of rising, cotton yarn has gradually established an upward trend, which may prompt domestic downstream enterprises to actively replenish their inventory.　　 At the same time, Indian cotton prices are in a downturn, with a weekly drop of 0.25%. The excessive supply last year continued to put pressure on the market, but this year’s excessive rainfall has negatively affected the production and quality of new cotton. Gujarat and Maharashtra have both lowered cotton prices due to the decline in cotton quality.　　 At present, the U.S. quotation of Indian cotton yarn exports has also begun to rise, and 30 combed yarns have risen by 20 cents in the past three weeks, reaching 2.65 US dollars/kg, an increase of 8.2%.　　 Pakistan: China's strong demand cotton yarn prices rise 　　 In the past week, Pakistani cotton yarn prices have fallen with cotton prices, and export prices have risen driven by strong Chinese demand.　　 Due to insufficient demand from downstream weaving mills, Pakistan's domestic yarn prices have recently fallen, and transactions in the main yarn market have fallen sharply. Buyers are unwilling to increase purchases at the current price. At the same time, the continuous decline in domestic cotton prices also prompted yarn mills to lower their quotations. 30 carded yarns fell 2.4% in a week.　　 On the contrary, the export price of basil has increased due to the demand from China and Europe. Large purchases by foreign buyers before Christmas caused prices to rise by 1-2%, and Chinese buyers were able to accept higher prices due to further increases in domestic yarn prices.　　 Affected by the lack of funds for large domestic spinning mills to purchase, Pakistani cotton prices continued to fall. The Karachi spot price index fell by 100 rupees/maod in a week, and the prices of BCI cotton and organic cotton also fell. In the future, China's rotation into Xinjiang New Cotton will support China and the international market. Article keywords: 　India-Pakistan cotton yarn prices