Export demand weakened, Pakistan cotton yarn prices fell significantly

In the past week, the prices of cotton and cotton yarn in Pakistan have declined slightly, and downstream weaving mills expect prices to continue to fall, so they maintain their current inventory at the lowest level.　　 Despite the sharp drop in international crude oil prices, the price of polyester staple fiber in Pakistan remained stable, and the price of 1.4D polyester staple fiber remained stable at US$1.37/kg in the past two weeks. As the raw material costs of polyester staple fiber manufacturers have dropped significantly, the profits of chemical fiber manufacturers have risen to historical highs.　　 At the same time, the price of imported polyester staple fiber from China fell to US$1.07/kg, which is even lower than the domestic price, which may cause the price of domestic polyester staple fiber in Pakistan to fall again.　　 In the past week, Pakistani PC yarn and PV yarn prices have stabilized. Cotton yarn prices have weakened slightly with the decline in domestic cotton prices and demand. 20 carded yarns have fallen by 20 rupees.　　 The fall in the price of Pakistani fancy yarn will cause downstream manufacturers to strictly control the inventory of raw materials, and the decrease in demand will drive the price of cotton yarn to continue to fall. Due to the weakening of export demand, the current export quotations of Pakistani cotton yarn have dropped significantly. Article keywords: 　Pakistan cotton yarn export cotton price overseas textile