Cotton Prices In Northern India Fell 100&Nbsp Due To Sluggish Demand.
Tuesday, north of India
cotton
The drop is even greater because of the downturn in demand and the increase in volume.
Traders said that because of the poor yarn demand and the large quantity of cotton arrived, the textile mills had limited demand for cotton.
Because the large spinning mills believe that the supply of raw materials will be stable, they only buy immediate needs.
production
Use cotton.
Textile mills will not have inventories until the cotton is reduced to at least 3200 rupees / Meng De.
25000 cotton bags arrived in the north of India.
The total number of goods arrived in the country is 78000 bales.
The RG cotton trading price in Punjab is 3610-3660 rupees / Mende, the price of Ruiyan state is 3660 rupees, and the price of Rajasthan is 3640 rupees / Mende.
The price of yarn and grey cloth may be reduced due to weak demand.
polyester
It may also be weak due to high inventories and falling cotton prices.
The 30 combed cotton yarn exported for export is quoted at 3.50 US dollars / kg CNF.
The price of 30 combed cotton yarns in China is 175 rupees / kg, while the price of 30 single PC yarns is 168 rupees / kg.
Not only in India but in the world, textile value chains are struggling because of sluggish demand, which may put pressure on cotton.
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