In the week of October 19-26, although the price of new flowers in India fell sharply, the price of cotton yarn in India remained strong.
It is understood that as new cotton processing is launched one after another, the price of cotton in India has begun to fall sharply. Last week, the price of S-6 cotton in India fell by 9%. It has fallen by 20% in the past four weeks, but it has increased by 19% compared with the same period last year. According to statistics, since the beginning of April this year, cotton prices in India have soared by 50% in three weeks.
With the increasing supply of new flowers, Indian cotton prices may fall further. Coupled with the seasonal decline in downstream textile demand, it is expected that Indian cotton yarn prices may fall back in the next few weeks.
In the week of October 19-26, the FOB price of C30S in India was US$3.12/kg, up 0.65% from last week, down 0.95% from the past four weeks, and up 26.32% from the same period last year. The price of polyester-cotton blended yarn has basically remained stable. The FOB price of 30S has increased by 5.66% compared with the level of the previous three months and increased by 24.44% compared with the same period last year. Indian cotton yarn remains strong and the overall quotation is higher than last year
