In the past week, the price of cotton yarn in Pakistan has increased sharply along with the price of cotton, and the export price of yarn has remained stable.
That week, 30-count carded yarn increased by 3.05%, and 40-count combed yarn increased even more. The demand from downstream weaving mills was very strong. Due to the insufficient supply of blended yarn due to sales tax issues, many customers began to turn to purchasing cotton yarn. Textile mills began to purchase pure cotton yarn in bulk for later production, and the demand for 100% pure cotton yarn increased significantly.
However, Pakistan’s cotton yarn export prices have not changed. The reason is that although China’s demand has recovered, the rupee exchange rate has strengthened.
In the past week, Pakistan’s cotton prices continued to rise, consistent with the trend of ICE cotton futures. Driven by large-scale purchases by large yarn mills, the standard spot price in Karachi increased by 200 rupees/maund. Supported by large-scale purchases of high-grade cotton by domestic factories, cotton prices in Pakistan will remain strong in the coming weeks.
