European And Chinese Market Demand Restores India'S Down Price Of Cotton Yarn

Demand recovery in Europe and China, especially yarn buyers from France, Germany, Italy, Belgium, Spain, Portugal and China, were very aggressive. Last week, the export price of Pakistan cotton yarn increased by 2-3% compared with last week. At the same time, cotton prices remained stable, 100% in Pakistan. Pure cotton yarn Prices remain unchanged.

The price of polyester staple fibres in Pakistan began to decline due to the decline in raw material costs and the overall decline in commodity prices. It is understood that crude oil prices fell 3.62% last week, and the price of polyester staple imported from China dropped to 92 cents / kg. The price of 1.4D polyester staple fiber in Pakistan dropped by 1 rupee / kg to 125 rupee / kg, down 0.79%. As polyester and viscose staple prices fell, last week the price of polyester yarn fell at the same time, blending yarn remained unchanged.

At present, the decline in commodity prices has not affected. Pakistan Cotton prices were mainly due to tight domestic cotton supply in Pakistan, and new flower listing was also available in July. At present, the spot price of Pakistan's cachera is about 6700 rupees / Mende. In order to expand exports and gain market share in the international market, India began to gradually reduce the price of cotton yarn.

According to statistics, the average price of cotton yarn in India decreased by 5 cents / kg last week, about 1.6%, of which 30S combed FOB price dropped from 3.35 US dollars / kg to 3.15 US dollars / kg in the same period last month, down 6%. Over the past two weeks, cotton prices in India have dropped slightly, and rupee appreciation has affected yarn exports. In 2017, 1-2 cotton exports in India increased by 15% compared with 2016, and exports to China surged by 32%.

As China's cotton yarn prices continue to fall, India's cotton yarn to China Export price The price of 32S combed cotton has been reduced to 2.84 US dollars / kg from last month's 3 US dollars / kg, down 5.3%. It is understood that in addition to India, other cotton yarn exports to China's market supply countries have little reduction in cotton yarn prices, India cotton mill profit margins continue to shrink.

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The net contract volume of US cotton exports in 2016/17 was 36 thousand and 400 tons, an increase of 5% over the previous week, a decrease of 20% over the previous four weeks average. The new signing came mainly from Turkey (13 thousand and 500 tons), Vietnam (9888 tons), China (3560 tons), South Korea (3538 tons) and Peru (2358 tons). Japan and Taiwan, China cancel part of the contract.

In 2017/18, the net signed amount of cotton in the United States was 33 thousand and 200 tons, and the buyers were Indonesia (10 thousand and 700 tons), Vietnam (6282 tons), China (3969 tons), Bangladesh (2993 tons) and South Korea (2925 tons).

In 2016/17, the installed capacity of upland cotton was 93 thousand and 600 tons, an increase of 16% over the previous week, an increase of 13% over the previous four week average. It is mainly shipped to Turkey (19 thousand and 700 tons), Vietnam (13 thousand and 800 tons), Indonesia (12 thousand and 200 tons), India (8981 tons) and Bangladesh (7416 tons). Shipment of 6123 tons to China.

In 2016/17, the net contract volume of Pima cotton was 748 tons, a big increase from the previous week, a decrease of 52% compared with the previous four weeks. The new contract came from Turkey (204 tons), Austria (204 tons), Brazil (90 tons) and Mexico (90 tons).

In 2017/18, the contract volume of Pima cotton was 3062 tons, and the main buyers were China (1905 tons), India (567 tons) and Peru (226 tons).

In 2016/17, the spanport volume of Pima cotton was 3538 tons, 14% less than the previous week, 1% higher than the average value of the previous four weeks, mainly shipped to China (1542 tons), India (1519 tons), Thailand (294 tons) and Pakistan (90 tons).

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