China Pakistan Special Agreement Supports Pakistan Cotton Yarn Exports To China Will Increase
In the past week, the price of cotton yarn in Pakistan has continued to rise, driven by a surge in demand for Chinese imports. 20 blended yarns have risen by 1.36%, and the middle and high count cotton yarn has basically not changed, which is related to the stability of cotton prices.
As raw material prices were very stable and yarn prices rose sharply, profits of Pakistan cotton mill expanded rapidly.
However, Pakistan's cotton yarn export price (US dollar price) basically remained unchanged after the rupee exchange rate continued to fall.
In the coming months, with the support of the special agreement between China and Pakistan, Pakistan's export of cotton yarn to China will increase. Therefore, even if the opening rate of the cotton mill is increased and the supply of yarn is increasing, the price of Pakistan yarn will still remain strong.
In the past week, the price of imported PET staple in Pakistan has risen slightly, but the price of PET staple has not changed.
Because of the good profits of chemical fiber manufacturers, the price of chemical fiber will probably remain stable in the near future.
Viscose staple fiber prices continue to decline, but viscose yarn down, the reason is that viscose prices will stabilize in the near future.
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