In the week of July 21-27, supported by the rebound in Pakistan’s cotton prices, Pakistan’s domestic yarn prices remained strong. However, due to weak demand in the international market, the export price of cotton yarn fell slightly, among which the export price of 30S coarse yarn fell by a cumulative 2 %. Due to the relatively high demand for 30S coarse yarn in the international market, the export price of this variety has remained strong in the past 10 weeks.
Recently, Pakistan’s textile exports have continued to decline. Sales of fine yarn in the Faisalbad yarn market are very weak. It is expected that there will still be no large orders in the next few weeks, mainly because of the large-scale entry of new cotton into the market. , buyers are waiting for cotton yarn prices to fall further.
Pakistan polyester staple fiber (PSF) prices remained unchanged last week. According to statistics, the price of polyester staple fiber in Pakistan has increased by 4 rupees/kg in the past two weeks. Among them, the price of 1.4D polyester staple fiber increased to 127 rupees/kg, while the import price from China remained unchanged at 1.07 US dollars/kg. Last week, the price of viscose fiber in Pakistan stabilized at a high level, with the import price from China stable at US$2.05/kg. Pakistan cotton yarn sales continue to be weak, buyers wait for price reduction
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