As India closed its country for three weeks until mid-April, the textile industry came to a complete halt, the entire textile supply chain was disrupted, textile factories were forced to close, and inventories remained stable. Due to transportation disruptions, the transportation of cotton out of Kupang and Mabang was blocked, and the workers returned to their places of origin. As demand in Western countries has dropped to freezing point and a large number of orders have been canceled, causing production to stop, textile mill inventories will not rise significantly for the time being. Due to the cessation of trading activities, cotton yarn prices have remained basically unchanged.
Pakistan closed the country last week and some trade activities were delayed. Although downstream demand has dropped sharply, cotton yarn prices have increased due to the reduction in output. The sharp drop in the operating rate of textile mills creates conditions for yarn mills to increase prices. The largest yarn mill has stopped production, and now there are only a few quotations. In the near future, it tends to ensure that it is available for sale. 30-count carded yarn rose by 6.36%.
