In the past week, the price of cotton yarn in Pakistan has continued to rise, which is related to the rebound in demand from Chinese companies.
Textile and apparel exports increased by 9.27% year-on-year in November, providing support for domestic and export prices of cotton yarn. That week, the operating rate of Pakistani textile and garment enterprises rebounded significantly, stimulating domestic yarn prices to rise to a record high. Factories expect strong demand in the coming period and have continued to replenish raw material inventories in the near future.
At the same time, cotton yarn export quotations experienced greater increases driven by the strong recovery of import demand from Chinese companies. 30-count carded yarn rose 3.92% in a single week to 3.18 USD/kg. Cotton prices rose by 3.11%, and the price of imported US cotton rose to 86.10 cents/pound. Domestic import demand continued to expand.
