As demand increases, the export price of Basha continues to rise
In the past week, Pakistan’s textile production and prices have begun to rebound, demand has further recovered, and factories have begun to operate at full capacity.
That week, supported by increased downstream demand, both domestic sales and export prices of Pakistani cotton yarn increased. Domestic 30-count carded yarn rose by 4.19%, and yarn mills continued to increase their startup prices. At the same time, workers resumed full production after staying at home for several weeks.
Increased demand will provide strong support for cotton yarn prices in the next few weeks, and manufacturers will also begin to sell inventory quickly. The export price of Pakistan yarn has increased even more significantly, with 30-count carded yarn rising to US$2.55/kg. Driven by China’s import demand, the export price of yarn will continue to rise in the coming week.
As yarn prices rise and domestic and imported cotton prices fall, profits of Pakistani yarn mills begin to improve.
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