Weak market demand Pakistan cotton yarn continues to fall

From the end of September to the beginning of October, the price of cotton yarn in Pakistan continued to fall, the price of cotton rebounded, and the price of chemical fiber fell.　　 During the week, the price of cotton yarn in Pakistan fell under the influence of weak demand from textile mills, and the prices of major domestic varieties fell by about 1%. Despite the rise in the rupee exchange rate and domestic cotton prices, the export quotations (USD prices) of Pakistani cotton yarn remained stable.　　For some time to come, Pakistani cotton prices may remain strong because large textile factories need to purchase large quantities of raw materials to supplement their inventory. In the past four weeks, the domestic cotton price in Pakistan has risen 8.7% due to the fact that the domestic new cotton market is significantly lower than expected. The rise in cotton prices has led to a decline in the profits of Pakistani yarn mills.　　 In the past three weeks, although the prices of raw materials have changed differently, Pakistan's polyester-cotton yarn and polyester-viscose yarn have basically remained unchanged. The price of polyester staples fell along with the prices of raw materials, and 1.4D polyester staples fell 1.58% in a single week. Affected by the strengthening of the rupee exchange rate and the weakening of the RMB exchange rate, the price of polyester staple imports fell to US$0.90/kg, prompting domestic companies to lower their quotations.　　 At the same time, the profits of Pakistan's domestic polyester short-term manufacturers have remained high, higher than the average of the previous six months, and may further fall to a new low in the future. The demand for polyester yarn is strong, the price is strong, the import price of viscose staple fiber is stable, and the domestic price is stable. In recent weeks, the price of imported Chinese viscose staple has remained at 1.37 US dollars/kg. Article Keywords: 　Pakistan Cotton Yarn