Cotton yarn prices have further climbed in the past days in Pakistan, supported by a strong demand from processors whereas cotton prices were staying frozen at their high level.
– From our Pakistan Correspondent Ahmed Fayz
Cotton yarn prices have continued rising in the past seven days on the domestic market in Pakistan, over a strong demand from the downstream processors.
Benchmark 30s carded has gained Rs.1 per lb on the Faisalabad yarn market.
Finer counts of 40s combed and 80s combed are also very firm, over a need of domestic buyers to replenish their stocks.
At the same time, raw material prices are not really moving in Pakistan with benchmark KCA market indicator for cotton staying at Rs.8,600 per maund.
As a result, margins have increased at the spinning mills.
Poly-Cotton (PC) yarns have however stopped rising in Faisalabad after remaining very firm in the previous period.
30s PC had previously surged 8.18% in the last three months and 22% in one year.
Cotton yarn prices have not moved in the last days on the export market over a continuous lack of buying interest from the Chinese customers.
Polyester market
Polyester staple fiber (PSF) prices have also remained unchanged in Pakistan with margins staying at a record level at polyester plants.
Benchmark 1.4 denier PSF is stuck at Rs.193 per kilo since the last week of January 2019.
Similarly, spun yarns have also not moved in the meantime.
Import offers for PSF have however sharply increased in the past seven days.
Viscose market
On the viscose market, fiber prices have begun suddenly falling in Pakistan over a new slide on the international market.
Import offers for VSF have dropped by around 4% in last two weeks.
As a result, domestic prices for viscose fiber have dropped to Rs.270 per kilo after losing Rs.3 per kilo in the past week.
Similarly, the spun yarn prices have also begun dropping in the country.
Source: Emergingtextiles
