In recent weeks, Indian cotton, cotton yarn prices remain firm, cotton production is expected to be significantly lower than expected, polyester staple fiber, viscose staple fiber prices slightly raised.

As the new cotton market volume decreased and the ICE cotton rebounded, the domestic cotton price rose slightly on February 20 but still below the level of a week ago. The spot price of S-6 dropped 0.75% or 300 rupees.

Despite the strong cotton prices, the domestic cotton yarn prices in India began to fall, and the mill is trying hard to keep shrinking profits. Polyester staple fiber, viscose staple fiber prices rose 0.8%, 0.6% in a week. Polyester yarn, polyester yarn price stability.

Indian cotton yarn export prices, JC30S rose to 3.35 US dollars / kg, close to 3.40 US dollars nearly one-year high. Cotton yarn prices rose 5 cents to 2.80 US dollars / kg, the highest since June last year.

Affected by the decrease in the listing volume of new cotton in the coming weeks, the prices of Indian cotton and cotton yarn are expected to remain firm. Indian cotton production is expected to be significantly lower than expected this year.