Pakistan cotton yarn export prices remain stable
During the week of June 30th to July 6th, as new cotton gradually came on the market, the prices of domestic cotton and cotton yarn in Pakistan were reduced. It is understood that cotton companies in some areas of Pakistan have started production last week, cotton prices fell 8.33% from last week, and JC60S fell 2.16% from last week. The fall in cotton prices has increased the profits of textile companies, but a rebound in yarn production is expected to put pressure on yarn prices.
According to statistics, domestic yarn trading has been inactive in the past few weeks due to insufficient demand from Pakistan’s domestic textile industry and the expected decline in yarn prices. In terms of exports, supported by strong consumer demand from China, Pakistan’s cotton yarn export prices remain stable.
In the past few weeks, the prices of polyester-cotton yarn (PC) and polyester-viscose yarn (PV) in Pakistan have remained stable. The import price of viscose fiber has risen to US$1.95/kg, and domestic prices are expected to increase accordingly; the price of polyester imported from China has soared to US$1/kg, and the domestic price remains at 123 rupees/kg. Pakistan cotton yarn export prices remain stable
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