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China's purchases drop, Pakistan's cotton yarn export prices fall
According to foreign news sources, although international cotton prices have experienced substantial increases, Pakistan's domestic cotton and cotton yarn export prices have dropped. The prices of polyester, viscose fiber and yarn may also fall in the future. In the past week, Pakistan’s domestic textile and apparel manufacturers’ demand declined, export demand was weak, and cotton yarn prices began to fall sharply. Among them, the price of 30S cotton yarn in Faisalabad dropped 5.1% to 3.24 US dollars/kg. 30S cotton yarn CNF The export price dropped by 0.58% to 3.45 US dollars/kg. The decline in Chinese buying interest is the main reason for the decline in the export price of Pakistani cotton yarn. In the past three weeks, domestic polyester staple fiber prices in Pakistan have been very stable. Due to the decline in import quotations from China, the price of 1.4D polyester staple fiber stabilized at Rs 173/kg. Affected by the depreciation of the renminbi and the depreciation of the rupee, China's polyester staple fiber is becoming more and more competitive. It is expected that the price of domestic polyester staple fiber in Pakistan will be under pressure in the short term. Article keywords: Pakistan cotton yarn exports overseas textiles