Pakistan cotton yarn prices fell sharply

In the past week, Pakistan’s cotton yarn prices have fallen sharply and commercial activities have begun to slowly recover. However, yarn demand has not recovered after the nationwide lifting of the ban, and domestic sales and export prices continue to be under pressure.　　 In the same week, Pakistan’s 30 carded yarns fell by nearly 10%, and the demand from downstream enterprises was very weak. As a result, the operating rate of spinning mills dropped sharply. As the downstream weaving and garment enterprises' demand has decreased significantly, yarn prices may further fall in the future.　　 In the past week, Pakistan’s cotton prices have been stable, but domestic commercial activities have decreased significantly, and new sales have been almost zero. Karachi spot prices have not changed for four consecutive weeks.　　 In addition, the largest polyester staple fiber manufacturer in Pakistan has decided to reduce the operating rate due to a historically high product inventory, but the price has not changed for five consecutive weeks. Article Keywords: 　Pakistan Cotton Yarn Cotton Export Price China Overseas Textile