In the week of April 20-26, cotton prices in Pakistan were firm, cotton yarn prices remained unchanged, and the profits of textile companies were gradually compressed. As demand from Chinese buyers continues to decline, Pakistani cotton yarn prices will be under more pressure from inventory.
According to statistics, the price of 40S pure cotton combed yarn in Pakistan’s Faisalbad yarn market fell by 1.4% last week, which will be a signal for the price decline of other products in the next few weeks. In terms of exports, the price of cotton yarn remains unchanged. 16S and 20S coarse yarns are mainly exported to South Korea and Hong Kong. Inquiries and orders from China are relatively deserted.
Last week, PC and PV yarn prices in Pakistan remained stable, mainly due to the firm price of polyester staple fiber. The domestic price of 1.4D in Pakistan remained at 126 rupees/kg, while the import price from China fell to US$0.96/kg. Viscose fiber The price was stable at 248 rupees/kg, and the cotton price fell slightly to 6,700 rupees/mund. China’s demand drops, yarn prices will be under inventory pressure
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