In the week of January 12-18, India’s domestic cotton yarn prices rose slightly, and export prices soared to high international levels. It is understood that in the past few weeks, as Indian cotton prices rose, Indian cotton yarn prices increased accordingly. Due to the sharp increase in ICE cotton futures and US cotton prices, the international market demand for Indian cotton has gradually increased. According to statistics, the price of S-6 cotton in India has increased by 6.2% in the past four weeks.
In order to ensure the profits of spinning mills, the domestic price of 30S coarse yarn in India increased by 1 rupee/kg last week, while the FOB export price of 30S pure cotton combed yarn increased by 5 cents/kg to US$3.15/kg.
In the Chinese market, India’s cotton yarn export prices to China have increased by 8 cents/kg in the past four weeks, an increase of 3.3%. Other competitors such as Vietnam have not seen such a significant increase in their cotton yarn export prices to China. Affected by this, the market share of Indian cotton yarn in China has gradually decreased. According to India’s official export data, India’s cotton yarn exports to China and Bangladesh have decreased month by month since October, while cotton yarn exports to Pakistan have stabilized after a slight upsurge. The market share of Indian cotton yarn in China is gradually decreasing
