Pakistan cotton yarn prices are unusually strong
From the week of September 28th to October 4th, the prices of cotton and cotton yarn in Pakistan were extremely strong. It is expected that the price of cotton in Pakistan will decrease in the next few weeks. It is understood that with the increase in demand from downstream textile manufacturers, yarn prices in the Faisalabad market of Pakistan have remained strong.
According to statistics, the price of 20S carded yarn in Pakistan has increased by 40 rupees per maund in the past four weeks, an increase of 3.24%, and the production profits of textile enterprises have increased accordingly. Due to the low demand in the Far East market and China, and the National Day holiday in China, the export price of Pakistani yarn to China remains unchanged. In contrast, the European market demand is still very strong, and Pakistan’s cotton yarn export prices remain firm.
The price of polyester fiber in Pakistan has remained unchanged in the past two weeks, among which the price of 1.4D polyester staple fiber has remained at a high level of 134 rupees/kg, and the import volume from China has decreased. Viscose fiber prices fell as market demand ended.
Last week, the price of cotton in Pakistan remained at 6,000 rupees per maund. It is expected that with the substantial increase in new cotton production this year and the downward trend of cotton prices in the international and Indian markets, the price of cotton in Pakistan will fall accordingly. Pakistan cotton yarn prices are unusually strong
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