Domestic supply increases, Pakistan cotton yarn export prices fall

Domestic supply increases, Pakistan cotton yarn export prices fall

In the past week, the launch of new cotton in Pakistan has stimulated a rebound in demand, and the prices of cotton and cotton yarn have increased. On the contrary, the prices of chemical fiber and viscose fell.

Affected by the sudden drop in the price of imported Chinese polyester staple fiber, the price of chemical fiber in Pakistan continued to fall. 1.4D polyester staple fiber fell by 2.67%, and the cumulative decline in the past four weeks was 7.61%. With the import quotation falling to US$0.88/kg, the price of polyester staple fiber in Pakistan may continue to fall in the future. Affected by falling prices, profits of Pakistani chemical fiber manufacturers have fallen to lows, and manufacturers are considering reducing their operating rates.

Although international cotton prices have fallen in the past week, cotton prices in Pakistan have recovered slightly. Under the influence of high-quality new cotton gradually coming on the market, domestic demand for cotton has begun to increase. At the same time, the disruption to India-Pakistan trade in the coming months will also support domestic cotton and cotton yarn prices. In the past week, the price of 80-count combed yarn in Pakistan has begun to rise.

Polyester-cotton yarn and polyester-viscose yarn fell as the prices of chemical fiber and viscose fell again. Demand for the two yarns remained sluggish, forcing suppliers to lower their quotations.

In the export market, Pakistani yarn prices fell slightly due to an increase in domestic yarn supply. In recent weeks, Pakistani yarn exports to European countries have been relatively slow, and viscose prices have fallen significantly in the past two weeks, which is related to falling demand and falling import prices.

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