As domestic and foreign demand increases, yarn prices in Pakistan recover
In the past week, Pakistani weaving factories have resumed work one after another. The factory operating rate has gradually increased, demand has begun to increase, and Pakistani yarn prices have recovered significantly.
It is reported that the Pakistani government allows some textile factories to process export orders, and more factories will be allowed to resume production in the next few weeks. Affected by this, the price of 30-count carded yarn in Pakistan rose by 3.23% in the past week. At the same time, demand from foreign buyers began to rise, and the export price of Pakistan yarn increased by 2.75%. In addition, the early increase in Pakistan’s cotton import prices also provided support for the increase in yarn prices.
Although Pakistan’s domestic cotton stocks are sufficient, yarn mills have no intention of purchasing and are very fond of imported cotton. Therefore, domestic cotton prices have fallen. In the next few months, Pakistan’s domestic cotton prices will Keep up the pressure.
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