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Prices - Pakistan cotton yarn exports Textile information - Textile net - Textile integrated service provider

by:Chengyi     2020-07-02
In the latest week, Pakistan's domestic cotton prices continue to fall, with cotton and polyester staple fiber prices at home and abroad. Due to demand in China, by contrast, in the fta between China and Pakistan led watch, so Pakistan yarn export price to rise. In the week, Pakistan's 30 combed yarn fell 1. Around 48%, close down by 4. 32%. Overall weak domestic demand for yarn, clinch a deal is quite low. At the same time, driven by strong demand in China and Europe import yarn export prices rise in Pakistan. There is a lot of demand for spot shipment before the Spring Festival, Chinese buyers. The fta between China and Pakistan in the second stage protocol came into effect on January 1, 2020, when Pakistan's textiles and clothing ( Including cotton yarn) Exports to China will enjoy zero tariff. Affected by the recent week, 2 - Pakistan yarn export prices rise 3%. Pakistan's domestic cotton prices remain weak, since the supply of domestic high-grade cotton scarce, are not interested in purchasing domestic cotton mills, the attention on the imports of cotton. Karachi, the spot price index fell to 8900 rupees/maud land.
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