Pakistan’s blended yarn continues to rise and cotton yarn export prices are stable
In the past week, the price of cotton yarn in Pakistan rose slightly driven by the rebound in cotton prices, and the prices of chemical fiber, viscose staple fiber and staple fiber yarn continued to rise.
In the week ending July 19, affected by the mid-term rebound in chemical fiber prices in the international market, the price of polyester staple fiber in Pakistan continued to rise, with 1.4D polyester staple fiber rising by 2 rupees, and a cumulative increase of 4 rupees in the past two weeks, or 3.25%. As the price of imported Chinese viscose staple fiber increased to US$2.05/kg, the price of viscose staple fiber increased by 5 rupees for the second consecutive week. The above situation has caused the prices of blended yarn and polyester-viscose yarn to rise accordingly.
Due to rising domestic cotton prices, domestic cotton yarn prices in Pakistan have strengthened slightly, but the sudden drop in demand for combed yarn may put pressure on cotton yarn prices in the coming weeks. In addition, Pakistani yarn export prices are very stable, and the depreciation of the rupee has brought many benefits to exporters. Pakistan’s blended yarn continues to rise and cotton yarn export prices are stable
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