Pakistan Yarn Market Is Bullish Due To The Warming Demand From China

It is understood that Pakistan's cotton yarn demand continues to be weak, and the cotton yarn export volume has dropped to a new historical low. Except for specific products, the export price has basically remained stable. Recently, under the influence of China's demand recovery, Pakistan's cotton yarn export picked up slightly, and the cotton yarn price also rose slightly.

At present, the mill is waiting Cotton price Further decline, weak market willingness to purchase, leading to lower cotton yarn prices. As the profit of textile enterprises continues to decline, textile enterprises are not willing to lower the price of cotton yarn. 10S-12S cotton yarn is the main variety exported to the Chinese market, while 20S-30S cotton yarn is more competitive in India.

Therefore, Pakistan Cotton yarn inventory may be increasing, and cotton yarn sales are under great pressure. In the near future, the price of polyester will effectively support the price of yarn, and the output of polyester yarn and polyester cotton blended yarn may increase.

In the international market, South Korea's yarn demand continues to be weak; China Hong Kong There are not many new orders, mainly focusing on the transaction of yarn already placed; Although the Chinese market has purchase intention, they all expect to buy at a lower price.

This year, Pakistan's cotton output has been greatly reduced, and textile mills have had to purchase a large amount of foreign cotton, most of which comes from India. Due to insufficient power supply in winter, the operating rate of Pakistan textile mills continued to decline, while enterprises with long production lines were in good condition.

As the RMB exchange rate fell and the domestic yarn price declined, Chinese buyers were most concerned about the margin of price preference.

Vietnam, Bangladesh, Sri Lanka, Turkey, Egypt, Japan and other countries have high demand for special yarns; European customers are more interested in booking dyed, mixed color, organic cotton or BCI cotton yarn.