Prices of China’s 32/1 combed cotton yarn and India’s 30/1 combed cotton yarn are expected to rise during the peak season for textiles and apparel as the demand for winter clothing is expected to increase in the coming months. The demand for new cotton is also expected to move up in China and will likely be procured immediately by the country’s spinners.

The rising demand from western countries will also strengthen the price of the cotton yarn.

 

The 32/1 combed cotton yarn price went up from 24.26 CNY/kg in January 2021 to 26.57 CNY/kg in June 2021. It further increased by 6.89 percent to 28.40 CNY/kg in August 2021, according to Fibre2Fashion’s market analysis tool TexPro.

 

The price is expected to touch 30.04 CNY/kg in November 2021, recording a rise of 5.77 percent.

 

The price of 30/1 combed cotton yarn was ₹254.81 per kg in January 2021, which increased by 4.62 percent to ₹266.59 per kg in June 2021. It further grew by 4.13 percent to reach ₹277.59 per kg in August 2021.

 

The price is now likely to record a 3.71 percent increase to reach ₹287.89 per kg in November 2021.

 

Source: fibre2fashion.com