In the past week, Indian cotton yarn export prices continued to fall due to declining demand in China. Previously, Indian cotton yarn prices rose sharply driven by increased domestic and foreign demand.
That week, the price of knitted yarn in India fell by about 5 rupees/kg, and that of woven yarn fell by 22 rupees/kg. Within two weeks, knitting yarn has fallen by 10 rupees/kg, but it is still much higher than the level four weeks ago.
As the Chinese Spring Festival approaches, Indian cotton yarn export demand has significantly reduced, and prices have fallen. FOB export quotations fell by about 4 cents/kg in a single week. </p
