Indian and Pakistani cotton yarn saw a narrowed gap between foreign

Vietnamese, Indian and Pakistani cotton yarn saw a narrowed gap between foreign and domestic price and profits of spot order came back to be positive in Jan. Pakistani siro-spun yarn had a spot profit of near 1,500yuan/mt. Its profit was expected to remain high even if the spot offer dropped after supply increased later. Indian carded yarn is still higher than the price in China local market, while the combed yarn of almost the same ordering price took the lead in gaining profit, and the procurement in China also increased recently.