Pakistan yarn mills resume work, cotton yarn prices may fall

At present, cotton yarn production in Pakistan is slowly recovering, and a small number of spinning mills have begun to resume work, and the reduction in output has provided support for yarn prices. Although the demand from weaving mills has decreased, domestic and export prices of cotton yarn have remained firm in the past week.　　 Pakistan’s sudden blockade caused insufficient supply of raw materials for textile mills. The government allowed some textile mills to continue production and fulfilled immediate domestic and foreign orders. In the coming week, the operating rate of the Pakistan factory will rise to 40%. As more companies resume work, cotton yarn prices may fall sharply.　　 At the same time, the price of cotton in Pakistan has not changed. Due to the low international cotton price, textile mills continue to focus on purchasing imported cotton. It is reported that in March, Pakistan yarn mills have purchased more than 100,000 tons of imported cotton, mainly American cotton, Brazilian cotton and Mexican cotton. When the textile mills fully resume work, Pakistan's demand for imported cotton will further expand. Article Keywords: 　Pakistan Cotton Yarn Cotton Export Price China Overseas Textile