Pakistan cotton yarn prices fall due to insufficient market demand
In the week of October 28th to November 2nd, the price of cotton yarn in Pakistan fell, the domestic market demand was insufficient, and the international market demand continued to weaken. Among them, South Korea shifted its procurement target to Vietnam, and China’s procurement weakened due to the impact of falling cotton prices and the depreciation of the RMB. .
It is understood that with the decline in international cotton prices, it is expected that cotton prices will still have some room for downward adjustment in the next few weeks. Compared with the decline in cotton prices, Pakistani textile companies have not dropped much in cotton yarn prices in order to ensure spinning profits. Cotton yarn prices in the export market have stopped falling and stabilized. As the price of cotton in India drops, it is expected that the price of Indian cotton yarn will drop significantly in the next few weeks, and Pakistani cotton yarn will face considerable competitive pressure.
Last week, the price of polyester fiber remained unchanged, while the price of viscose fiber dropped as the Chinese market price fell. Pakistan cotton yarn prices fall due to insufficient market demand
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