Insufficient downstream procurement, Pakistan's cotton yarn failed to recover

In the past week, Pakistan’s cotton yarn failed to recover because of high inventory of yarn mills and insufficient downstream purchasing demand.　　 At present, the inventory of Pakistani yarn mills continues to rise, and the downstream operating rate is declining. Many yarn mills are unwilling to start operations at full capacity. Some spinning mills have also run out of raw cotton stocks, failing to purchase cotton when international cotton prices fell in the previous period.　　 Yarn mills are working hard to increase the purchase of domestic cotton, but the supply of high-grade cotton still cannot keep up. Affected by this, Pakistan's Karachi spot price index rose 5% in the past week. Article Keywords: 　Pakistan Cotton Yarn