Strong demand and tight inventory, Pakistan cotton yarn prices continue to rise

In the past week, the prices of cotton and cotton yarn in Pakistan have continued to rise due to strong demand from garment factories and tight yarn stocks.　　 Driven by clothing exports, the quotation of Pakistani cotton yarn rose by more than 2% that week. In November 2020, Pakistan's textile and apparel exports to the United States increased by 25% year-on-year. Trade issues between the United States, China and Vietnam have benefited Pakistani fishermen.　　 Due to the huge increase in export demand, Pakistan's domestic cotton yarn inventory is very tight, prompting sellers to significantly increase domestic and export quotations. Pakistan's polyester-cotton yarn and polyester-viscose yarn also rose during the week, and cotton prices continued to rise following the international cotton price. The Karachi spot price index rose by 1.92%, a cumulative increase of 9.8% in the past four weeks, and the price of imported U.S. cotton rose to 89.15 US cents/lb. The increase reached 1.53%. Article Keywords: 　Pakistan Yarn Cotton Yarn Yarn Price Export Overseas Textiles