Operating rate demand factors Pakistan’s yarn prices remain strong
During the week of June 17-22, as international cotton prices continued to fall, Pakistan’s cotton prices were lowered accordingly. Due to factors such as low enterprise operating rates and strong foreign demand in June, cotton yarn prices are relatively strong.
It is understood that yarn production dropped sharply during the Eid month of Ramadan in Pakistan. At the same time, continuous power outages also have a great impact on the production of textile enterprises. Therefore, it is expected that Pakistan’s cotton yarn production will continue to decline in the coming period, and the sharp drop in cotton prices will also depress yarn prices.
As ICE cotton futures prices continue to fall and Pakistan’s cotton production is expected to rebound by 20% in the next year, there is a high possibility that Pakistan’s cotton prices will fall in the next year. Last week, the spot price of Kachira in Pakistan fell by 150 rupees to 6,600 rupees per maund, a decrease of about 2%.
Last week, the domestic polyester price in Pakistan remained unchanged, and the import price from China remained at US$0.98/kg. At the same time, the price of polyester staple fiber is stable, among which the price of 1.4D polyester staple fiber remains at 123 rupees/kg, and the prices of polyester and viscose fiber also remain unchanged. Operating rate demand factors Pakistan’s yarn prices remain strong
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