Exclusive news from China Cotton Network: At present, the number of epidemics in many areas of India has begun to decline. The blockade in most areas has alleviated the problem and the epidemic has slowly been eliminated. control. With the introduction of various measures, the epidemic growth curve will gradually flatten. However, due to the epidemic blockade, textile production and transportation have been greatly affected. Many workers have returned to their hometowns, and raw materials are in short supply, which has brought difficulties to textile production.
That week, the price of blended yarn in northern India fell by 2-3 rupees/kg, and the price of chemical fiber yarn and organic yarn fell by 5 rupees/kg. Combed yarn and BCI yarn in India’s largest knitwear distribution center fell by 3-4 rupees/kg, while the price of medium-count yarn did not change. The textile city in eastern India was late affected by the epidemic. The demand and price of various yarns have dropped significantly in the past week. This region is the main source of supply for India’s domestic clothing market. Spinning capacity and demand in western India have dropped significantly. The price of pure cotton and polyester-cotton yarn has dropped by 5 rupees/kg, while the prices of other yarn categories have not changed.
In the past week, cotton and cotton yarn prices in Pakistan have remained stable, and the blockade in some areas has had no impact on textile production. Iftar Business activities have returned to normal after the holidays.
Falling raw material prices may lead to pressure on Pakistan’s cotton yarn prices in the future. Due to insufficient foreign demand, the current export price of Pakistani cotton yarn has not changed. Polyester and blended yarn prices also remained stable due to stable raw material prices.
Affected by the decline in the US dollar, cotton mills tend to purchase imported cotton. The domestic cotton price in Pakistan has not changed. In recent weeks, the Karachi spot price index has remained at 11,300 rupees/maund , the price of imported US cotton last week was 92.25 cents/pound, down 4.11%.
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