Demand For Domestic And Foreign Yarn Increases In Pakistan
In recent weeks, Pakistan weaving factory has resumed work in succession. The rate of factory start-up has gradually increased, demand has begun to increase, and the price of Pakistan yarn has obviously recovered.
It is reported that the Pakistan government allows some textile factories to process export orders, and will allow more factories to resume production in the coming weeks. Affected by this, the price of 30 domestic combed yarn in Pakistan increased by 3.23% during the past week, while demand for foreign buyers began to increase, and the export price of Pakistan yarn increased by 2.75%. In addition, the rising import price of cotton in early Pakistan also provided support for the rise in yarn prices.
Although Pakistan's domestic cotton stocks are adequate, the cotton mill has no intention to purchase, which is very popular with imported cotton. Therefore, domestic cotton prices have dropped, and cotton prices in Pakistan will continue to bear pressure in the coming months.
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