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Declining Chinese demand affects Pakistan's cotton yarn export prices

by:Chengyi     2021-03-15
In the past week, the prices of cotton and cotton yarn in Pakistan have been stable, and the domestic and foreign sales of cotton yarn have been sluggish. 30 carded yarns have remained stable for several weeks after the initial decline. Later, as domestic demand recovers, prices may begin to rise. The export price of cotton yarn is difficult to rise due to the decline in China's demand.   At present, the price of cotton in Pakistan has started to rise because the yarn mills began to purchase new cotton after the market, and the demand has increased. The prices of polyester-cotton yarns and polyester-viscose yarns have not changed because the prices of raw materials are stable. The price of polyester staple fiber stopped falling. Affected by the strong RMB exchange rate, the price of imported Chinese polyester staple fiber rose slightly. The price of viscose yarn declined with the decline of domestic and foreign viscose fiber prices, while the price of viscose staple fiber remained stable, and the decline in import prices had no effect. Article Keywords:  Pakistan Cotton Yarn Cotton Export Price China Overseas Textile
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