Composite Fabric,bonded fabric,Lamination Fabric Lamination Fabric News India’s yarn exports soar, China’s import volume and value double

India’s yarn exports soar, China’s import volume and value double



In July this year, India’s yarn exports maintained strong year-on-year growth for the second consecutive month. The total yarn export volume in the month reached 118 million kilograms, a year-on-year increase o…

In July this year, India’s yarn exports maintained strong year-on-year growth for the second consecutive month. The total yarn export volume in the month reached 118 million kilograms, a year-on-year increase of 35%, with a value of US$345 million, a year-on-year increase of 16%. The average export The unit price continued to fall to US$2.93/kg, down 3 cents month-on-month and 47 cents year-on-year. The Indian rupee fell 6% against the US dollar that month.
In July, Indian yarn was exported to 89 countries and regions. China accounted for 45% of India’s total yarn exports, with both quantity and value doubling year-on-year; Bangladesh accounted for 11%, with quantity increasing by 2% and value falling by 6%; Egypt ranked third, but the quantity and amount decreased by 18% and 25% respectively year-on-year. The above three countries account for 60% of India’s total yarn exports.
It is also reported that the price of 30-count yarn in India fell by 5 cents in the last week of August, and the price of blended yarn in Pakistan also fell. Overall, as textile production gradually returns to the peak season, cotton demand is expected to recover. The price of blended yarn in China is firm, while the price of polyester-viscose yarn and polyester-cotton yarn in India is lower. At present, the price of blended yarn in various parts of Asia is consolidating with the price of cotton, and the operating rate and price of downstream cloth mills are stable. With the arrival of the peak production season in September, the textile market is expected to gradually pick up.

This article is from the Internet, does not represent Composite Fabric,bonded Fabric,Lamination Fabric position, reproduced please specify the source.https://www.yjtextile.com/archives/11070

Author: clsrich

 
Back to top
Home
Phone
Application
Product
Search