Pakistan's chemical fiber prices rise, cotton yarn prices are stable

During the Gurban festival, domestic spot trading in Pakistan basically ceased. Affected by the reduction in the supply of raw materials during the holiday season, chemical fiber prices rose slightly. 1.4D polyester shorts rose 0.78% to 129 rupees/kg. The quotation of imported Chinese polyester staples rose to 1.16 US dollars/kg. In the coming weeks, the quotations of chemical fiber from Pakistani domestic suppliers may continue to increase.　　 At the same time, affected by the sharp appreciation of the renminbi and the increase in domestic demand in Pakistan, the price of imported Chinese sticky shorts rose slightly to US$2.13/kg.　During the holiday season, the domestic spot and export quotations of Pakistani cotton yarn are very stable, and the domestic spot prices are relatively strong. It is expected that Pakistan's cotton yarn exports will remain active for some time to come, which will support yarn prices. In addition, Pakistani blended yarn and polyester viscose yarn prices are stable. Article Keywords: 　Indian Cotton