China's consumption declines, Pakistan's cotton yarn exports decline

In the past week, Pakistan's cotton yarn prices continued to fall, and China's import demand dropped sharply. At the same time, the price of imported cotton fell to support the profit of spinning mills.　　 At present, it is difficult for Pakistani yarn mills to resume production, and domestic cotton yarn prices continue to fall. Due to insufficient demand from domestic downstream fabric and apparel manufacturers, 30 carded yarns fell 0.8% in a single week. However, the drop in raw material prices prompted spinning mills to lower yarn prices, but soon the spinning mills also refused to cut prices for sales.　　 Despite the recent continuous rebound of ICE cotton, the price of imported US cotton has fallen by 20% since January, and is currently 67.81 US cents/lb. Although there are few spot transactions, the Pakistan Karachi spot price index has stabilized at 8,800 rupees/Mend (about 37 kg) for several weeks.　　 With the decrease in cotton yarn consumption in China, Pakistan’s cotton yarn exports have declined in recent weeks, and previous orders have been cancelled. Therefore, Pakistani cotton yarn prices may continue to be under pressure in the coming weeks. Article Keywords: 　Pakistan Cotton Yarn Cotton Export Price China Overseas Textile