Indian cotton yarn export prices rise slightly
In the week of August 24-30, cotton prices in India remained stable, domestic cotton yarn prices fell slightly, and cotton yarn export prices rose slightly. According to statistics, the price of S-6 cotton in India last week remained at 42,200 rupees/kandi, the domestic price of JC30S in India fell slightly by 2.34% to 209 rupees/kg, the export price of JC30SFOB rose slightly by 3.45% to US$3/kg, and the export price of T/C30SFOB It rose slightly by 1.89% to US$2.7/kg.
It is understood that the Indian rupee remained stable last week, but if calculated in US dollars, the sharp appreciation of the RMB stimulated demand in the Chinese market. Affected by the hurricane in southern Texas, the international cotton price has risen sharply, and the increase in cotton yarn prices is temporary. Since the domestic cotton price in India has not yet fallen to a low level, if the price of cotton yarn continues to fall, the production profits of textile companies will continue to be compressed. Indian cotton yarn export prices rise slightly
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