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Pakistan's cotton yarn export prices remain stable

by:Chengyi     2021-03-15
In the past week, the price of cotton yarn in Pakistan has risen driven by cotton, and the export price of cotton yarn has remained stable.   At present, Pakistan's downstream textile mills are in strong demand, which supports the rise in cotton yarn prices. The market demand and focus are on cotton yarn instead of blended yarn. Therefore, cotton yarn prices will remain firm in the future.   At the same time, Pakistan's cotton yarn export prices have remained unchanged, and Chinese demand has recovered in recent weeks.   This year, Pakistan’s cotton production has dropped significantly, and domestic cotton prices are very strong, but BCI and organic cotton have fallen slightly.   During the week, although the price of polyester staple fiber continued to fall, the price of Pakistani blended yarn rose by 1-2 rupees. The purchase from informal channels was one of the reasons for the price increase of blended yarn.   The production cost of polyester staple fiber in Pakistan dropped, the price of polyester staple fiber dropped slightly, 1.4D polyester staple fiber fell by 1.07%, and the factory profit dropped slightly, but it was still significantly higher than the historical average. As the price of imported polyester staple fiber fell to US$0.86/kg, the competitiveness of imported products increased. Article Keywords:  Pakistan Cotton Yarn Cotton Export Price China Overseas Textile
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