The yarn market remains very firm in Pakistan thanks to a very strong demand from foreign markets which has been boosted by the sharp fall of the rupee in the last year.
– From our Pakistan Correspondent Ahmed Fayz
Cotton yarn prices have remained relatively stable in the past seven days in Pakistan, after sharply rising in the previous weeks.
Poly-Cotton (PC) yarns have however continued increasing, being supported by a strong demand from the home textile makers.
20s PC has gained Rs.2 (or 1.38%) per lb. in the last seven days on the Faisalabad yarn market.
Similarly, market operations have remained very firm on the Karachi yarn market for Poly-Viscose (PV) yarns, with prices sharply rising.
Export market prices have not moved in the last seven days, although foreign customers are still buying large quantities of yarns from Pakistan.
The sharp fall of the domestic currency in the last year has boosted exports, with shipments of yarns rebounding in January, according to latest data.
Stocks at spinning mills have significantly dropped as a result, with prices staying firm for the lower count yarns on the domestic and export markets.
Polyester staple fiber and spun yarn prices have not moved in the last seven days on the domestic market.
Benchmark 1.4 denier fiber has stayed unchanged at Rs.193 per kilo, after increasing 1.58% in the previous four weeks.
Margins are however remaining at record levels at the domestic polyester plants.
Viscose staple fiber prices have not moved in the last seven days in Pakistan due to a very stable import offer from the foreign suppliers.
Viscose spun yarn prices have however continued rising, in line with a strong demand from the textile producers
Source: Emergingtextiles
