In the week of November 17-23, cotton prices in Pakistan stabilized slightly, cotton yarn prices began to rise, domestic yarn mill demand was active, combed yarn sales increased, and JC40S rose by 1.57% within a week.
At the same time, the profits of yarn mills have not improved, and the increase in yarn prices has not kept pace with the increase in cotton prices. In terms of exports, the demand for Pakistani yarn in the Far East remains stable, and the prices of most varieties are stable. The sharp depreciation of the RMB has led to an increase in the price of yarn imported from China. In recent weeks, demand for coarse-count yarn in Pakistan has recovered, and export demand may improve.
In the future, affected by the rebound in crude oil prices and the increase in chemical fiber sales, the price of polyester staple fiber in Pakistan may remain strong. At present, Pakistan’s largest fiber factory has an operating rate of 67%, with a daily output of 700 tons. Due to low domestic cotton production, Pakistan’s chemical fiber production will not decrease in the next few months. Pakistan cotton yarn prices rise, exports remain stable
