Pakistan’s raw material prices rise, yarn mill profits weaken
In the week of Christmas, prices of chemical fiber and cotton yarn in Pakistan increased slightly, and demand from cotton cloth manufacturers decreased. Affected by the rise in chemical fiber prices in the international market, the price of polyester staple fiber in Pakistan was subsequently increased by 2 rupees/kg, an increase of 1.67%, an increase of 8.93% over the same period last year.
Affected by the rising prices and costs of spinning raw materials, the profits of Pakistani yarn mills have weakened. For example, Pakistan’s T/C20S profits have only recovered less than 1% in the past four weeks.
In terms of exports, the price of viscose fiber remains stable, while the price of pure cotton yarn has dropped. As the end of the year is approaching, Pakistan’s exports of cotton yarn have dropped significantly, and it is expected to recover after the year. Pakistan’s raw material prices rise, yarn mill profits weaken
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