In the past week, although cotton prices in Pakistan have continued to rise, domestic cotton yarn prices have begun to fall. The fall in the price of imported US cotton and the government’s consideration of allowing the import of Indian cotton yarn have caused cotton yarn prices to stop rising and falling.
During the week, Pakistani cotton prices continued to rise, and domestic yarn mills continued to demand a steady stream. The standard spot spot price rose to Rs 12,300/maod, while the price of imported US cotton fell by 2.95%.
In the week, Pakistan’s 20 carded yarns fell 1.16%, while BCI cotton yarn and organic cotton yarn fell even more. At the same time, affected by the decline in Chinese demand, Pakistan’s cotton yarn export quotations remained unchanged. For some time to come, with the decline of yarn inventories in spinning mills, Pakistan’s cotton yarn export prices will be supported. However, polyester-cotton yarns and polyester-viscose yarns continue to rise driven by demand from cloth mills.
Post time: Mar-17-2021