Pakistan’s cotton yarn export prices began to fall due to weakening international demand
In the week of August 11-17, cotton prices in Pakistan continued to fall. Domestic cotton yarn prices remained strong due to the recovery of domestic downstream market demand, and cotton yarn export prices began to fall due to weakening demand in the international market. It is understood that sales of 30S coarse yarn and 40S combed yarn have been booming in the past few weeks.
Last week, the price of 1.4D polyester staple fiber remained at 128 rupees/kg, and the import price from China increased slightly to 1.04 US dollars/kg (CNF Karachi); the price of viscose fiber remained unchanged, and the import price from China rose to 2.08 USD/kg (CNF Karachi). Last week, the prices of polyester-cotton yarn (PC) and polyester-viscose yarn (PV) remained unchanged in Faisalbad and Karachi yarn markets.
As New York futures prices continue to fall, Pakistan’s domestic cotton prices have fallen sharply. The current spot price in Kachira, Pakistan, is 6,200 rupees/Mund. It is expected that on the eve of the Eid al-Adha festival, which will begin on September 1, textile mills will replenish cotton stocks to meet production needs. Pakistan’s cotton yarn export price begins to fall due to weakening international demand
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