Cotton yarn prices have again increased in the past days in Pakistan, as demand remains strong from downward processors. Margins should further rise at spinning mills, as cotton fiber prices are no more moving.
– From our Pakistan Correspondent Ahmed Fayz
Cotton yarn prices have continued increasing on Pakistan’s domestic market over a strong demand from the downstream textile producers.
20s carded yarns have gained Rs.40 (or 2.39%) per kilo in the last seven days on the Faisalabad yarn market.
A rebound of textile production in Pakistan is rapidly digesting the yarn inventories.
Margins have risen at spinning mills, as cotton fiber prices have remained relatively stable in the meantime.
Knit and woven apparel exports have respectively jumped 40% and 32% in volume terms in February 2019, compared with the same month last year.
Yarn prices should remain very firm on the domestic and export market in coming period, as a result.
By contrast, cotton yarn export prices are not moving, reflecting the stability of cotton prices.
Poly-Cotton (PC) and Poly-Viscose (PV) yarns have stayed relatively firm in the past week, with prices of a few counts even rising on the Faisalabad and Karachi yarn markets.
Polyester staple fiber prices have stayed frozen in the meantime, due to very stable import offers for Chinese PSF.
Benchmark 1.4 denier polyester fiber is stuck at Rs.193 per kilo, as a result.
Viscose fiber prices have continued decreasing in Pakistan, after import offers have dropped to as low as US$1.6 per kilo CNF Karachi.
100% viscose spun yarns have also slipped in the last seven days, as a result.
Source: Emergingtextiles
