Cotton prices fall as new cotton comes on the market, and the price of cotton yarn drops accordingly
Last week, the price of cotton yarn in Pakistan continued to fall. As new cotton is being processed and put on the market, the price of cotton in Pakistan has begun to fall, and the price of cotton yarn has been reduced accordingly. Among them, the C30S carded FOB export price was reduced by 3 cents/kg, a decrease of 1%.
In order to dispose of inventory as quickly as possible and collect funds to purchase new cotton, Pakistan’s Faisalbad and Karachi yarn markets sell cotton yarn at lower prices. Among them, sales of C30S, T/C24S and 31S are active. It is understood that the Korean market tends to buy cheap Indian yarn, while the Chinese and Hong Kong markets are in a wait-and-see state, waiting for market prices to stabilize further.
At present, the price of polyester fiber in Pakistan is stable, and as the price of crude oil increases, the price of viscose in Pakistan increases accordingly. Cotton prices fall as new cotton comes on the market, and the price of cotton yarn drops accordingly
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