In the past week, the price of Indian cotton yarn continued to rise, the prices of chemical fiber yarn and polyester-viscose yarn fell again, and the trend of cotton prices was mixed.
It is reported that although India’s CAI expects India’s cotton production to increase year-on-year this year and China’s demand for Indian cotton imports has decreased due to the epidemic, CCI’s acquisition has kept Indian cotton prices firm. Prices have risen in recent days.
Since early February, the price of chemical fiber in India has stabilized at the previous level, and the price of viscose fiber has not changed. In the coming weeks, the price of imported Chinese chemical fibers and the weakening of the yuan exchange rate will put pressure on India’s domestic market.
