Insufficient demand, Pakistan's cotton yarn export prices fall

Affected by the previous fall in Pakistani cotton prices, the domestic and export prices of Pakistani cotton yarn fell slightly in the past week. At present, the price of chemical fiber in Pakistan has begun to stabilize, and the price of cotton has stopped falling.　　 It is reported that the drop in raw material costs has enabled Pakistani textile mills to lower their cotton yarn quotations. Last week, Pakistani yarn prices fell by 1-2%. ICE cotton rebounded and Karachi cotton prices began to stabilize.　　 Due to the low buying interest of Pakistani yarn mills, the current spot transaction of Pakistani cotton is sluggish, and the prices of BCI and organic cotton have also fallen. The export price of cotton yarn has fallen sharply because foreign buyers stopped purchasing before Christmas. There is little left in 2019, and short-term demand is expected to remain insufficient, and prices will remain weak.　　 At the same time, Pakistan's polyester-cotton yarn and polyester-viscose yarn prices remained unchanged, downstream demand remained strong, and the price of polyester staple fiber began to stabilize due to the surge in import prices. The price of imported Chinese polyester staple fiber rose to US$0.89/kg. 1.4D polyester staple fiber rose 1.13%. Despite this, the profits of chemical fiber manufacturers have not improved in the past two weeks, but have continued to decline. Article Keywords: 　Pakistan Cotton Yarn Cotton Export Price China Overseas Textile