In the past week, cotton prices in Pakistan fell, but cotton yarn prices remained strong. Demand from downstream textile companies and foreign countries is recovering.
At present, the domestic sales and export prices of Pakistani cotton yarn are stable. Although the price of raw materials has fallen, strong downstream demand has prompted spinners to support cotton yarn quotations. The government has lowered the sales tax until January next year, and domestic spot transactions have become more active. As demand from downstream companies recovers, cotton yarn prices are expected to rise further in the future.
In terms of exports, the price of Pakistani cotton yarn remains strong, and demand from Chinese buyers has increased again.
At the same time, the decline in the quality of new cotton in Pakistan has caused spinners to be less active in cotton procurement, and domestic cotton prices continue to decline. The Karachi spot index fell by 2.67% in a single week, and the prices of BCI cotton and organic cotton also fell.
That week, the prices of polyester-cotton yarn and polyester-viscose yarn in Pakistan were stable, and the demand from downstream enterprises remained active. The price of polyester staple fiber continued to fall, keeping in line with the decline in quotations of imported polyester staple fiber. Consistently, domestic 1.4D polyester staple fiber fell 1.08% in a single week.
Although the price of domestic polyester staple fiber has dropped, imported polyester staple fiber is still very competitive. Affected by the recent decline in international prices of raw materials such as PTA, profits of domestic chemical fiber manufacturers remain at high levels. The price of viscose staple fiber is stable, and the price of imported viscose staple fiber continues to fall.
