In the past seven days, the price of polyester in Pakistan has fallen further, the price of cotton has rebounded slightly, and the price trends of chemical fiber and pure cotton yarn have been different.
According to statistics, in the past seven days, Pakistan’s domestic cotton supply has been insufficient, and cotton prices have risen sharply by 150 rupees to 8,800 rupees per maund, an increase of 1.7% from last week and an increase of 36.4% from the same period last year. As of November 1, 2018, the volume of Pakistani cotton on the market decreased by 5.26% compared with the same period last year. Pakistan’s cotton production is expected to be lower than domestic cotton consumption again this season. Therefore, cotton prices in Pakistan are expected to remain firm in the coming days.
At the same time, driven by the rising cost of spinning raw materials, the price of cotton yarn in Pakistan began to rise. Among them, the price of 30S pure cotton yarn in Faisalabad market increased by 14 rupees, an increase of 0.7%. The export price of cotton yarn was affected by the sluggish international demand. , remained unchanged for two consecutive weeks.
In the past seven days, driven by the decline in international PTA and MEG prices, Pakistan’s domestic polyester staple fiber (PSF) prices have fallen sharply, with the price of 1.4D polyester staple fiber falling by a cumulative 6 rupees to 194 rupees/kg. The price of polyester staple fiber imported from China dropped to US$1.15/kg.
At present, the international price of polyester staple fiber is 10-15 rupees/kg lower than that in Pakistan. Affected by this, the price of polyester staple fiber in Pakistan is expected to continue to fall in the next few days.
Title: Pakistan polyester falls, cotton rises, yarn price trends are different
