In the past week, Pakistan’s domestic demand for cotton yarn has decreased, and China’s import demand has been frozen due to the new coronavirus epidemic. Therefore, the price of Pakistani cotton yarn has been stable with some decline.
Pakistan’s yarn export prices did not change that week, and exports have become even more sluggish in recent weeks. Despite some recovery in cotton prices in Pakistan, cotton yarn prices continue to decline. Pakistan’s yarn exports failed to stop the decline in January and continued to decline by 3% year-on-year.
Affected by the Chinese Spring Festival and the epidemic, Pakistan’s cotton yarn exports decreased, and domestic cotton prices rebounded slightly.
