In the past week, yarn prices in India have increased at an eye-popping rate. Conventional cotton yarn has increased by 12%, and organic cotton yarn has increased by 38 rupees/kg in a single week.
That week, India’s 30-count carded yarn rose by 26 rupees/kg, an increase of 12.1%, and 30-count organic cotton yarn increased by 38 rupees/kg, an increase of 13.9%. 40-count organic cotton yarn increased by 33 rupees/kg, an increase of 22.1%. The price of 100% pure polyester yarn increased by 9-10 rupees/kg, or 7.1-7.8%. Polyester-cotton yarn increased by 17 rupees/kg, or 8.5%.
The reason for such a rise is that India’s domestic yarn supply is insufficient. As profits in the first half of the year fell to historical lows, many yarn mills were forced to lower their operating rates. , some even entire factories have been closed.
The rebound in demand from garment factories has stimulated yarn production, but it cannot increase yarn mill production capacity. At present, the product inventory of Indian cotton mills is almost exhausted, and garment factories have no raw materials for production at all.
On the other hand, the sharp increase in the price of cotton and other raw materials in recent weeks has also stimulated soaring yarn prices. The prices of polyester-cotton yarn and polyester-viscose yarn also rose to record highs, providing support for yarn prices. </p
