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Strong international demand, Pakistan cotton yarn prices climb
In the past seven days (June 7-13), supported by the further depreciation of the rupee and strong international demand, raw materials such as Pakistani cotton and polyester staple fiber are rising across the board. Cotton yarn prices in the domestic and export markets have suddenly risen to higher levels. According to statistics, in the past seven days, the cotton price in Pakistan has risen by 100 rupees to 7600 rupees/Mengde, an increase of 1.33%; the price of 30S coarse yarn in Faisalbad market has risen by 78 rupees to 1860 rupees/10 pounds, an increase of 4.38 %; The export price of 30S coarse yarn CNF increased by 0.11 US dollars to 3.36 US dollars/kg, an increase of 3.38%. At present, the international market is showing strong interest in Pakistan's yarn demand, and it is expected that the price of Pakistani cotton yarn will continue to remain high in the future. In the past seven days, the price of polyester staple fiber in Pakistan has also risen sharply. Among them, the price of 1.4D polyester staple fiber increased by 4 rupees to 173 rupees/kg, and the price of 1D and 0.8D polyester staple fiber increased by 5 rupees/kg and 6 rupees/kg respectively. Affected by the rebound in the prices of polyester staple fiber and viscose fiber in the past few days, the profitability of man-made fiber yarn production in Pakistan has dropped to a relatively low level. Compared with the international market, the prices of polyester staple fiber and viscose fiber in Pakistan are still competitive, and there is still room for growth. Article keywords: Pakistan cotton yarn exports overseas textiles