Pakistan's cotton yarn export prices remain stable

In the past week, Pakistan's cotton yarn prices rebounded slightly, consistent with the rising trend of cotton prices. Due to heavy rains, the production of new cotton has dropped significantly, and cotton imports have reached a very high level.　　 The price of 30 carded yarns rebounded to the level of one month ago, regaining the ground lost in the previous two weeks. The government sales tax caused market conflicts and domestic yarn sales declined. Although China's import demand is low, Pakistan's cotton yarn export prices remain stable.　　 At present, the price of cotton in Pakistan continues to rise because the domestic market is generally pessimistic about the amount of new cotton on the market. According to the ginner’s report, due to heavy rains causing great damage to the new cotton, as of October 1st, the amount of new cotton on the market has decreased by 27% year-on-year. Spinners have begun to actively import foreign cotton, and the purchase of Brazilian cotton has increased significantly in recent weeks. Article Keywords: 　Pakistan Cotton Yarn Cotton Export Price China Overseas Textile