As July 1 approaches, Pakistani yarn continues to transition to the China-Pakistan Free Trade Agreement stage. Domestic cotton prices in Pakistan began to fall, and polyester staple fiber and viscose staple fiber rebounded.
In the past week, domestic cotton yarn prices in Pakistan have remained strong. All parties in the industry chain are adjusting inventories as the China-Pakistan Free Trade Agreement enters a new stage. Domestic yarn transactions have increased. , but demand is likely to decrease rapidly in the coming weeks until all parties adjust to the new tariffs.
There is currently no change in Pakistan’s cotton yarn export quotations. In the past six months, affected by the sharp fall in the rupee exchange rate, the unit price of Pakistani cotton yarn (USD price) has fallen sharply. The 30-count carded yarn has dropped 11.31% year-on-year. The currency depreciation has basically been passed on to foreign buyers.
The price of polyester staple fiber increased by 3.78% driven by the increase in the price of imported Chinese polyester staple fiber. 1.4D polyester staple fiber rose to 192 rupees/kg. Polyester staple fiber manufacturer Profits recovered slightly. Viscose staple fiber prices are also rising rapidly, driven by rising import prices. The weak rupee exchange rate is expected to keep viscose prices on an upward trend. The price of polyester-cotton yarn and polyester-viscose yarn in Pakistan increased last week, consistent with the price of raw materials.
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