India yarns situation

India yarns situation

Since import yarn prices were high and domestic yarn prices were declining, China’s yarn imports from India remained extremely depressed in December, by contrast with the surge in the same period a year ago

Market share of Indian cotton yarn is eroded by Vietnamese cotton yarn in recent years. Given current forward cotton yarn price, Indian cotton yarn has become uncompetitive, which could be reflected in import volume in the fourth quarter of 2015.

Price of Indian and Vietnamese cotton yarn 32s is almost similar in terms of USD, mainly staying around USD 2.40-2.42/kg for 32s for air-jet. But the advantage of Vietnamese cotton yarn becomes obvious once we consider the import duty, Price spread between Vietnamese 32s for rapier and Indian 32S for air-jet is around1200yuan/mt. Besides, price gap of Vietnamese and Indian 32s for air-jet is around 800yuan/mt.

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