In the week of May 4-10, in order to expand exports and regain market share in the international market, India began to gradually lower the price of cotton yarn. According to statistics, the price of cotton yarn in India dropped by an average of 5 cents/kg last week, a decrease of about 1.6%. Among them, the FOB price of 30S pure cotton combed dropped from US$3.35/kg in the same period last month to US$3.15/kg, a decrease of 6%. .
As the price of Chinese cotton yarn continues to fall, India’s export price of cotton yarn to China is also gradually lowering. Among them, the price of 32S pure cotton combed dropped from US$3/kg last month to US$2.84/kg, a decrease of 5.3%. It is understood that, except for India, cotton yarn prices in other countries exporting cotton yarn to the Chinese market have not dropped significantly, and the profit margins of Indian yarn mills have been continuously compressed.
In the past two weeks, cotton prices in India have dropped slightly, and the appreciation of the rupee has affected yarn exports. From January to February 2017, India’s cotton yarn export volume increased by 15% compared with the same period in 2016, of which exports to China surged by 32%. To expand exports, India lowers cotton yarn prices
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