Pakistan’s cotton supply is in short supply and textile companies reduce coarse yarn production
During the week of May 25-31, cotton and cotton yarn prices in Pakistan were relatively stable. As Pakistan’s fiscal year is coming to an end, market trade activities have decreased, demand from downstream factories has weakened, and domestic cotton yarn prices have been slightly lowered.
It is understood that Pakistan’s domestic cotton supply is currently in short supply, and textile companies have reduced the production of coarse-count yarns, and the price of coarse-count yarns is relatively strong. Since Pakistan has imported a large amount of Indian combed yarn in recent weeks, it has had a greater impact on the price of combed yarn in Pakistan and put the price under pressure. In terms of exports, demand in the international market is currently weak, especially after China purchased large quantities of imported yarn.
The price of polyester staple fiber in Pakistan has fallen in the past three months, but the price of polyester-cotton yarn (PC) has remained unchanged, and the production profits of textile companies are increasing. Pakistan’s cotton supply is in short supply, textile companies reduce coarse yarn production
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