Pakistan's cotton yarn export prices remain stable

In the past week, the new coronavirus epidemic has caused China to extend the Spring Festival holiday and postpone the purchase of foreign yarns. The prices of cotton and cotton yarn in Pakistan have dropped overall.　　 During the week, Pakistan’s textile mills had insufficient demand and domestic yarn prices fell. At the same time, the recent low domestic and foreign cotton prices have also put pressure on cotton yarn prices.　　 The domestic supply gap in Pakistan has increased. After the government liberalized cotton imports, spinning mills have been very active in purchasing imported cotton and have lost interest in domestic cotton. The domestic cotton spot transaction has been very sluggish.　　 However, despite China’s insufficient procurement, Pakistan’s cotton yarn export prices remain stable. Article Keywords: 　Pakistan Cotton Yarn Cotton Export Price China Overseas Textile