In the past week, the price of cotton yarn in Pakistan has increased driven by cotton, and the export price of cotton yarn has remained stable.
Currently, the demand from downstream textile mills in Pakistan is strong, supporting the rise in cotton yarn prices. Market demand and attention are focused on cotton yarns rather than blended yarns, so cotton yarn prices will remain strong in the future. situation.
At the same time, Pakistan’s cotton yarn export prices have remained unchanged as Chinese demand has recovered in recent weeks.
This year, Pakistan’s cotton production has been significantly reduced. Domestic cotton prices are very strong, but BCI and organic cotton have fallen slightly.
Although the price of polyester staple fiber continued to fall that week, the price of blended yarn in Pakistan increased by 1-2 rupees. Purchasers purchased blended yarn from informal channels. One of the reasons for the price increase.
Pakistan’s polyester staple fiber production costs fell, polyester staple fiber prices fell slightly, 1.4D polyester staple fiber fell by 1.07%, factory profits fell slightly, but were still significantly higher than historical average. As the price of imported polyester staple fiber fell to US$0.86/kg, the competitiveness of imported products increased.
