China's lack of demand, Pakistan's cotton yarn export prices fall

In the past week, cotton prices in Pakistan have risen, but yarn demand has been weak, and yarn prices have not changed. The export price of cotton yarn fell due to insufficient demand in China.　　 Recently, cotton prices in Pakistan have begun to rise. Due to the expected decrease in cotton supply, yarn mills have strong purchasing demand. Forecasts show that Pakistan's cotton production this year is 10.2 million bales (170 kg/bag), and there is a gap between supply and demand of 3.5 million bales. Karachi spot prices rose 1.71% in a week.　　 Due to the stable price of raw materials, the prices of polyester-cotton yarn and polyester-viscose yarn have not changed. The price of polyester staple fiber has been stable at 187 rupees/kg in the past three weeks. After the RMB exchange rate has risen, the price of imported polyester staple fiber has been 90 rupees/kg. The profit of Pakistani chemical fiber manufacturers reached a new high because the price of international raw materials fell, but the price of chemical fiber yarn fell along with the raw materials. Article Keywords: 　Pakistan Cotton Yarn