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Foreign demand rebounds, Pakistan's cotton yarn export prices continue to rise

by:Chengyi     2021-03-15
In the past seven days (May 31 to June 6), cotton yarn prices in Pakistan have risen again, cotton prices have remained unchanged, and spinning profits have risen again. At the same time, with the rise of international cotton prices, the export prices of Pakistani yarns have also risen.  According to statistics, in the past seven days, the price of 30S cotton yarn in the Faisalabad market in Pakistan has increased by 57 rupees, an increase of 3.30%. The low production profit of spinning mills and insufficient yarn inventory provide strong support for cotton yarn prices. Affected by the strong demand from downstream textile enterprises, the price of Pakistani blended yarn has also risen sharply, but the trading volume has been slightly reduced.   Affected by the rebound in foreign demand, Pakistan's cotton yarn export prices have continued to rise, with a cumulative increase of 3 cents/kg in the past seven days. It is worth noting that in US dollars, the price of domestic yarn in Pakistan has increased even more. The price of 30S cotton yarn in Faisalabad has increased by 21.22%, which is 5.18% higher than the same period last year. Pakistan's domestic yarn prices are higher than export prices, and the gross profit of domestic yarn suppliers has increased significantly compared with the same period last year.   In the past week, the price of polyester staple fiber in Pakistan has been very stable. In the past three weeks, the benchmark 1.4D polyester staple fiber price has maintained a level of 169 rupees/kg, and it is expected that there will be no further rise in the future. Article keywords:  Pakistan cotton yarn exports overseas textiles
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