In the past week, with the recovery of global textile production, Indian cotton yarn prices have increased across the board. Cotton prices continue to rise, and yarn production and exports are expected to recover in the new year.
That week, most yarn products in India rose by 1-2 rupees/kg, and cotton yarn rose again after a brief decline. Domestic cotton prices continue to rise, with a cumulative increase of 4.3% in the past four weeks. However, a large amount of new cotton from India has been launched in recent weeks, which may limit the increase in cotton prices.
In the new year, Indian cotton consumption and exports are expected to rebound. As China’s domestic yarn prices rise, China’s demand for Indian cotton will remain strong.
In the past week, the prices of cotton and cotton yarn in Pakistan have increased, and domestic and foreign market demand has remained strong. Recently, cotton prices in Pakistan have started a new round of increases and the low yarn prices in mill raw material inventories have provided strong support.
Despite the increase in yarn prices, Pakistani downstream textile mills purchased large quantities of high-count yarns. The insufficient supply of some varieties prompted the mills to increase their quotations. 20-count carded yarn was sold in a single week. up 4.04%. Cotton yarn export quotations also maintained an upward trend due to the surge in demand after China’s long holiday.
At the same time, the price of gray fabrics in Pakistan has increased even more, with some varieties rising by more than 5% in a single week. Polyester-cotton yarn and polyester-viscose yarn also rose. Cotton prices in Pakistan have increased even more, in line with the trend of the international market. The Karachi spot price index rose 5.95% in a single week, reaching 9,800 rupees/maud (37.32 kg). </p
