China's demand decreases, Pakistan's cotton yarn export prices stabilize

In the past week, Pakistan’s cotton and cotton yarn prices have continued to rise, and domestic textile and garment export companies have experienced strong demand. However, after rising, export prices have begun to fall and stabilize because of the decline in Chinese demand.　　 In the week, Pakistan’s 20 carded yarns rose 80 rupees, an increase of 3.67%. The rise in yarn prices is supported by the demand from apparel exporters and the rising raw material costs of yarn mills.　　 Pakistan's textile and apparel exports in December 2020 increased by 23% year-on-year and 8% from July.　　 During the week, the Karachi spot price index in Pakistan rose to 10,800 rupees/maud, an increase of 8.54% in the past four weeks, and the price of imported US cotton rose 3.75% to 89.30 US cents/lb.　　 However, the export price of Pakistani cotton yarn is relatively stable because of the decrease in import demand before the Chinese New Year holiday. Article Keywords: 　Pakistan Yarn Cotton Yarn Yarn Price Overseas Textile