In the past week, cotton yarn prices in Pakistan have fallen sharply, and business activities have begun to slowly recover. However, yarn demand has not recovered after the nationwide lifting of the ban, and domestic sales and export prices continue to be under pressure.
That week, Pakistan’s 30-count carded yarn fell by nearly 10%. Demand from downstream enterprises was very weak, so the operating rate of yarn mills dropped significantly. Due to the significant reduction in demand from downstream weaving and garment enterprises, yarn prices may fall further in the future.
In the past week, cotton prices in Pakistan have been stable, but domestic business activities have decreased significantly, and new sales have been almost zero. Spot prices in Karachi were unchanged for the fourth consecutive week.
In addition, Pakistan’s largest polyester staple fiber manufacturer has decided to reduce its operating rate due to product inventories rising to historical highs, but prices have not changed for five consecutive weeks.
