Pakistan Cotton Yarn Prices Remain Strong, International Demand Is Huge
October 5 to 11, Pakistan yarn prices remain strong. Because of the strong demand in the downstream market and greater export expectations, Pakistan yarn prices is expected that will continue to maintain a strong trend in the next period of time.
According to the statistics, over the past three months, Pakistan's domestic 20S cotton combed yarn prices increased of 3.7% in total, while cotton prices decreased of 1.61%, yarn production profits of textile mill increased significantly. It is understood that the strong demand of China and other foreign buyers makes Pakistan yarn prices formed a strong support.
Last week mainly due to polyester fiber prices stable, Pakistan polyester-cotton blended yarn (PC) and polyester-viscose blended yarn (PV) remained unchanged, of which 1.4D polyester staple fiber prices remained at 134 rupees / kg, viscose prices remained unchanged by the market demand in the doldrums.
Affected by the expected depreciation of domestic currency, textile mills have increased interest in buying. Last week, Pakistan cotton prices tend to be strong, Karachi spot price of 6100 rupees / Mengde.