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China's demand slows down, Pakistan's cotton yarn export prices are stable

by:Chengyi     2021-03-15
Affected by the continuous increase in cotton consumption in Pakistan, the shortage of cotton supply in Pakistan has become the norm. As the launch of new cotton has been postponed again, Pakistani cotton prices have soared, domestic cotton yarn prices have maintained an upward trend, and cotton yarn export prices have stabilized.  According to statistics, in the past seven days (July 19-25), the spot price of Kachila in Pakistan has increased by 400 rupees to 9,300 rupees/Mund, an increase of 4.5%, and a cumulative increase of 24% in the past four weeks. Although the rupee has continued to depreciate, in US dollars, cotton prices have risen by 16.95% in the past four weeks.   In terms of yarn, on the eve of Pakistan’s general election, cotton yarn transactions in the Faisalbad market have decreased, but domestic cotton yarn prices have risen as a result of rising prices of spinning raw materials. According to statistics, in the past seven days, the price of 30S cotton yarn in Faisalbad market has increased by 70 rupees, an increase of 3.65%, and a cumulative increase of 19.38% in the past three months. In terms of exports, cotton yarn export prices remained unchanged due to the slowdown in Chinese demand.   In the past seven days, the price of polyester staple fiber in Pakistan has remained stable, and the price of 1.4D polyester staple fiber has stabilized at 180 rupees/kg. As the rupee continues to depreciate and the cost of raw materials rises, it is expected that the export of Pakistani cotton yarn and blended yarn will recover and export prices will also increase. Article Keywords:  Pakistan Cotton Yarn Export
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