In the week of October 27th to November 2nd, affected by Diwali, India’s domestic cotton yarn prices stopped falling and stabilized, while export prices continued to fall. In order to ensure the profits of textile enterprises, the current price of domestic cotton yarn in India has not been significantly reduced along with the decline in international cotton prices.
According to statistics, the FOB price of JC30S in India last week was US$3/kg, down 3.85% from last week, down 1.64% from the past three months, and up 20.97% from the same period last year. The FOB price of T65/C35 30S is US$2.75/kg, down 1.79% from last week, up 1.85% from the past three months, and up 22.22% from the same period last year.
In the Chinese market, India’s export prices to the Chinese market continue to fall. Among them, the FOB price of JC21S fell by 7 cents, or 2.75%, from last week, and increased by 16.98% from the same period last year; the FOB price of JC32S fell from last week. 8 cents, a decrease of 3%, and an increase of 6.97% compared with the same period last year. Domestic yarn prices in India have stabilized and export prices have continued to fall
