Pakistan Cotton Yarn Export Price Stabilizes

In recent weeks, the price of cotton yarn in Pakistan has declined, and the purchasing of downstream enterprises has been weak. However, the export to China is expected to resume, and the export price of cotton yarn will be stabilized.

Because of the new sales tax in Pakistan, the domestic yarn market has been extremely sluggish. The export price of cotton yarn has stabilized after a sharp decline in the past few weeks. Foreign purchasing demand has provided support, and Chinese buyers need to replenish yarn inventory.

Cotton prices in Pakistan have begun to stabilize after half a month of pressure, but prices are unlikely to rise sharply, as some new flowers have begun to arrive at ginning plants.

Yarn prices in India stopped falling, cotton prices continued to slide, and S-6 fell 1000 rupees, or 2.2%. The ginning factory has begun selling the stock that was hoarded in the early days because of the bullish market. India's domestic cotton yarn prices continue to fall, and cotton mills still face the reality that cotton prices are higher than those of neighboring countries (especially Pakistan).