According to Indian media reports, as the Indian rupee’s exchange rate drops against the US dollar, cargo shipping costs are getting higher and higher. As of May 2015, Indian yarn export prices have fallen for 13 consecutive months.
In May 2015, the total export volume of Indian yarn was 101,000 tons, a year-on-year increase of 2%, but the export value was approximately US$300 million, a year-on-year decrease of 11%, and the export unit price (FOB price) fell by 12% year-on-year, to about 2.97 USD/kg. At the same time, the Indian rupee fell 6% year-on-year against the US dollar.
Specifically, India’s pure cotton yarn export volume in May was 84,000 tons, with an export value of approximately US$250 million. The export unit price was 2.99 yuan/kg, a year-on-year decrease of 45 cents. The total export volume of man-made fiber yarn was 5,700 tons, of which the export volume of viscose yarn was 1,800 tons, a year-on-year decrease of 35%, the export value was US$5.2 million, and the export unit price was 2.91 yuan/kg, a year-on-year decrease of 42 cents; polyester yarn The export volume of thread was 2,600 tons, down 4% year-on-year, and the export unit price dropped 19 cents year-on-year; the export volume of acrylic fiber was 1,300 tons, down 19% year-on-year, and the export unit price dropped 22 cents year-on-year.
In May, the total export volume of blended yarn was 10,900 tons, with a total export volume of US$32 million. Among them, the export volume of PC yarn was 6,700 tons, approximately US$18 million, and the export unit price was 2.71/kg, a year-on-year decrease of US$31. points; the export volume of PV yarn was 2,500 tons, approximately US$7.4 million, and the export unit price was 2.89/kg, down 1 cent year-on-year.