Last week (15-21 February) Pakistan domestic cotton prices continued to weaken, the downstream enterprises expected yarn prices will continue to drop, low demand for yarn.
Statistics show that the domestic cotton benchmark price in Pakistan fell 100 rupees in the last week, or 1.43%. The cotton demand is very weak, large buyers inventory is relatively abundant, the number of domestic high grade cotton, now in considering the purchase of imported cotton. Foreign buyers' purchasing interest has weakened in the last week, and Pakistan yarn export quotations are beginning to weaken, but European buyers are in good demand.
Pakistan domestic yarn trading downturn, polyester cotton yarn, polyester viscose yarn prices have not changed, the reason is polyester staple, viscose short staple price stability. The price of polyester staple fiber is not changed by the light in the international market. During the Spring Festival in China, the price of imported Chinese polyester staple was 1.18-1.20 USD / kg (Karachi CIF).
At present, Pakistan chemical fiber manufacturers are very profitable and will remain stable in the future. The sharp fall in the exchange rate of the Pakistan rupee to the RMB in the last 3 months has led to a 11.59% rise in polyester staple price. The price of viscose staple fiber has not changed after 3 months' rise of 6.67%. The price of imported viscose staple has fallen slightly in the last week, and may continue to weaken in the future.