India Market: Ice Period Cotton Rises Sharply

 

According to the quotations of some Indian mills and exporters, the CNF quotation of high-quality packaged and bleached C32 yarn of India's large factories rose to 4-4.05 US dollars / kg from March 22 to 23. After customs clearance, the price difference between India's large factories and domestic c32s cotton yarn increased to more than 1000 yuan / ton.

A medium-sized cotton mill in Dezhou, Shandong said that although on the surface, the US dollar quotation of imported cotton yarn from India, Pakistan and Vietnam has rebounded significantly, which is expected to stimulate the double rise of domestic cotton yarn volume and price. However, due to the high inventory of cotton spinning mills, the domestic epidemic situation is spreading more and more, and the prosperity of terminal export orders is low, In addition to the high set pressure brought by a large number of Xinjiang cotton to be sold, it is difficult for Zhengzhou cotton oscillation zone to effectively stand at 21500-22000 yuan / ton. Therefore, cotton mills hope to seize the opportunity of inverted price of cotton yarn inside and outside the cotton yarn, accelerate the sales of cotton yarn and timely return the payment for goods.