Chinese Importers Reduce Cotton Yarn Purchases In India

< p > India's rapidly rising cotton exports may enter the deceleration channel because of the marked rise in prices.

China is the largest importer of cotton yarn in India. At present, they cut their imports from India and wait for a slight price drop before buying.

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< p > > according to the data of < a href= "//www.sjfzxm.com/news/index_p.asp > > India < /a > Foreign Trade Bureau, in August, the export of India a href=" //www.sjfzxm.com/news/index_c.asp "> cotton yarn < /a > dropped to 10491.3 kilograms, and the export volume in July was 139 million 745 thousand kilograms.

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< p > China's importers hope to renegotiate the contract price with the exporters of India or wait for the price to go down again, and India's new cotton will enter the market next month, and the price of cotton yarn will probably drop.

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The export price of the 30 carding yarn is as high as 3.85 USD / kg on the basis of P.

Because of weak demand from China and mild cotton prices in India's domestic market, India's exporters of cotton yarn cut export prices from peak to $3.64 / kg, but importers feel that exporters are not making much lower prices.

Some yarn manufacturers once again cut their prices because of fierce competition in the market, and even cheaper export prices.

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< p > China cut its import of cotton from India last year and increased the import of cotton yarn to replace cotton yarn production.

This is because the production of cotton yarn in India is cheaper than in China. China has gradually cut down the production of cotton yarn because of the rise in wage level, so Chinese importers are more likely to import cotton yarn from India.

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< p > similarly, < a href= "//www.sjfzxm.com/news/index_p.asp" > Pakistan < /a > is also a main competitor of cotton yarn export. If India exporters do not reduce the price again, Chinese buyers may shift their sourcing sources.

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The cotton yarn industry in India P believes that this is a temporary downturn. They expect that the export of cotton yarn can rise once the price drops again from the current level.

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