In the past few days, affected by Diwali, Indian floral yarn transactions have decreased, and yarn prices have shown signs of weakness.
According to statistics, before Diwali (November 1-6), cotton prices in India fell sharply, with the price of S-6 cotton falling by a cumulative 600 rupees to 46,200 rupees/kandy, a decrease of 1.3%. The price of 30S pure cotton combed yarn has remained at 226 rupees/kg for several consecutive weeks, and the FOB export price of 30S pure cotton combed yarn has maintained at 2.70 US dollars/kg for two consecutive weeks.
In terms of exports to China, in the past seven days, the price of 32S Indian pure cotton yarn fell slightly by 1 cent to US$2.73/kg, Vietnamese yarn fell by 2 cents to US$2.92/kg, and yarns from Uzbekistan and Indonesia remained stable for two consecutive weeks. constant.
In the past seven days, the price of polyester staple fiber in India has dropped by 5 rupees to 114 rupees/kg, a decrease of 4.2%. The price of 30S polyester yarn fell by 1 rupee to 149 rupees/kg, a decrease of 0.67%, and the price of 30ST65/C35 polyester yarn fell by 5 cents to US$2.55/kg.
Title: India’s Diwali affects trade, yarn prices weaken
