During the week of October 5-11, yarn prices in Pakistan remained strong. It is expected that in the future, due to strong demand from the downstream market and greater export expectations, yarn prices in Pakistan will continue to remain strong.
According to statistics, in the past three months, the price of JC20S in Pakistan has increased by 3.7% cumulatively, while the price of cotton has dropped by 1.61% cumulatively. The yarn production profits of textile enterprises have increased significantly. It is understood that strong demand from foreign buyers such as China has provided strong support to Pakistani yarn prices.
The prices of polyester-cotton yarn (PC) and polyester-viscose yarn (PV) in Pakistan remained unchanged last week, mainly due to the stable price of polyester fiber. Among them, the price of 1.4D polyester staple fiber remained at 134 rupees/kg, and the price of viscose fiber was affected by the Market demand is sluggish and prices remain unchanged.
Affected by the expected depreciation of the domestic currency, the purchasing interest of textile companies has increased. Cotton prices in Pakistan tended to firm last week, and the spot price in Karachi was 6,100 kg/Mund. Pakistani yarn prices are firm and international market demand is strong
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