In the past week, Pakistan’s domestic yarn mills have insufficient purchasing demand, transactions are light, and cotton yarn prices have fallen. Weak demand and the government’s failure to address the new tax regime have forced mills to lower their quotations, and as product inventories rise, mill operating rates have dropped significantly.
Pakistan’s polyester-cotton yarn and polyester-viscose yarn fell the most that week, due to a significant drop in raw material costs. In the export market, demand for coarse-count yarns has rebounded, with Chinese buyers ordering large quantities of low-count yarns and export quotations remaining unchanged.
Cotton prices fell again. Due to the poor quality of cotton after the rain, cotton mills purchased cautiously, and the price of new flowers fell by 2.89%.
The price of polyester staple fiber fell sharply because the price of imported Chinese polyester staple fiber fell to US$0.94/kg, and Pakistan’s domestic 1.4D polyester staple fiber fell by 2.48%. As domestic prices are much higher than import prices, domestic polyester staple fiber prices in Pakistan may continue to fall in the future.
