Pakistan'S Yarn Market Is Rising Due To Warmer Demand In China.
It is understood that the demand for cotton yarn in Pakistan has continued to slack, and cotton yarn exports have dropped to a new low. Export prices remain stable except for certain products.
Recently, Pakistan's cotton yarn exports rebounded slightly, and cotton yarn prices also rose slightly.
At present, the cotton mill is waiting.
Cotton price
Further decline, weak willingness to buy the market, resulting in price reduction of cotton yarn.
With the declining profits of textile enterprises, textile enterprises have little willingness to cut down the price of cotton yarn.
10S-12S pure cotton yarn is the main export to China market, and 20S-30S pure cotton yarn India is relatively competitive.
Therefore,
Pakistan
Cotton yarn inventory or increasing, cotton yarn sales face great pressure.
In the near future, polyester price has an effective support for yarn price formation, and the output of polyester yarn and polyester cotton blended yarn will increase.
On the international market, South Korea's yarn demand continued to be weak; China
Hong Kong
There are not many new orders. The main concern is the paction of the incoming yarn. Although the Chinese market has the intention to purchase, it is expected to buy at a lower price.
This year, cotton production in Pakistan has been greatly reduced. Textile mills have to purchase large quantities of cotton from abroad, most of which are from India.
Due to insufficient supply of electricity in winter, the start-up rate of Pakistan textile mills has continued to decline, and the enterprises with longer production lines are in better condition.
Because of the decline in the RMB exchange rate and the decline in domestic yarn prices, Chinese buyers are most concerned about the price discount rate.
In Vietnam, Bangladesh, Sri Lanka, Turkey, Egypt and Japan, the demand for special yarns is high; European customers are more interested in booking dyeing, mixing colors, using organic cotton or BCI cotton spun yarn.
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