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Political and economic changes in Pakistan, cotton yarn prices are stable

by:Chengyi     2021-03-15
In the past seven days (July 25-31), Pakistan's political and economic situation has changed, and cotton yarn prices in both domestic and export markets have remained stable. It is understood that the Pakistani election resulted in flat domestic transactions, and signs of a rebound in the rupee may have a certain positive impact on the cotton spinning industry in the future. Industry insiders expect that in the coming weeks, the newly elected federal and provincial governments will make more changes in the economic field.  According to statistics, in the past seven days, the price of Pakistani cotton has been in sharp contrast with the rising trend of ICE cotton. The spot price of Kakira has fallen by 500 rupees to 8,800 rupees per kandi, a decrease of 5.38%. The price of 30S cotton yarn in Faisalabad market was stable at US$3.41/kg, and the export price of 30S cotton combed yarn CNF was stable at US$3.33/kg for five consecutive weeks. Due to the slowdown in China’s seasonal demand affecting Pakistan’s cotton yarn exports, the yarn inventory of Pakistan’s spinning mills is currently increasing.   In terms of chemical fiber, the price of polyester staple fiber in Pakistan has remained stable in the past seven days, and has not been adjusted up with the increase in Chinese prices. The price of 1.4D polyester staple fiber has stabilized at 180 rupees/kg. In the past seven days, the price of viscose fiber continued to rise to 270 rupees/kg, and it is expected that there is still room for further increase in the next few days. Article keywords:  ICE period cotton polyester staple fiber Pakistan
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