Pakistan's cotton yarn export quotations remain stable

From the end of September to the beginning of October, cotton yarn prices in Pakistan continued to fall, cotton prices rebounded, and chemical fiber prices fell. During the week, Pakistan's cotton yarn prices fell under the influence of weak demand from textile mills, and the prices of major domestic varieties fell by about 1%. Despite the increase in the rupee exchange rate and domestic cotton prices, Pakistan's cotton yarn export quotations (USD prices) remained stable. For some time to come, Pakistani cotton prices may remain strong because large textile mills need to purchase a large amount of raw material inventory. In the past four weeks, the domestic cotton price in Pakistan has risen 8.7% due to the fact that the domestic new cotton market is significantly lower than expected. The increase in cotton prices has led to a decline in the profits of Pakistani yarn mills. In the past three weeks, although raw material prices have changed differently, Pakistan's polyester-cotton yarn and polyester-viscose yarn have basically remained unchanged. The price of polyester staple fiber fell in line with the price of raw materials, and 1.4D polyester staple fiber fell 1.58% in a single week. Affected by the strong rupee exchange rate and the weakening renminbi exchange rate, the import price of polyester staple fiber fell to US$0.90/kg, prompting domestic companies to lower their quotations. At the same time, the profits of Pakistan's domestic polyester staple fiber manufacturers remain high, higher than the average of the previous six months, and may further fall to a new low in the future. The demand for polyester yarn is strong, the price is strong, the import price of viscose staple fiber is stable, and the domestic price is stable. In recent weeks, the price of imported Chinese viscose staple fiber has maintained 1.37 US dollars/kg. Article Keywords: 　Pakistan Cotton Yarn Cotton Export Price China Overseas Textile