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Cotton stabilizes at a high level, Pakistan's cotton yarn continues to rise

by:Chengyi     2021-03-15
In the past seven days (May 10-16), Pakistani cotton and polyester staple fiber prices have stabilized at a high level, and cotton yarn prices have continued to rise. It is expected that cotton yarn prices will continue to rise in the short term.   It is understood that Pakistan’s cotton supply is gradually in short supply, the depreciation of the rupee has led to a sharp increase in cotton import prices, and Pakistan’s domestic cotton prices are at a high level. Affected by the continued strong market demand and the continuous decline of spinning mill inventories to a very low level, the price of cotton yarn in Pakistan has continued to rise slightly. It is expected that the price of Pakistani yarn will further rise to a new high in the short term. As for the export market, international demand is sluggish, and Pakistan’s yarn export prices are basically frozen.   Affected by the continuous increase in domestic prices in Pakistan, the price advantage of combed yarn imports has emerged. At present, the price gap between Pakistan's internal and external yarns is further narrowing, and yarn imports from India will rebound.   In the past seven days, the price of polyester staple fiber has remained stable, among which the price of 1.4D polyester staple fiber remained at 167 rupees/kg. With the sharp drop in MEG prices, polyester yarn production profits have recovered. Article Keywords:  Pakistan Cotton Yarn Cotton Overseas Textiles
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