In the past week, domestic and export prices of Pakistani cotton yarn have risen sharply due to increased demand and falling inventories.
That week, overseas buyers became more interested in purchasing balsam yarn, and the quotations of various varieties of balsam yarn increased. Domestic 20-count carded yarn rose by 2.53%. At present, Pakistan’s domestic garment industry needs to replenish inventory, which may stimulate cotton yarn prices to reach new highs.
Pakistan’s domestic cotton price has not changed, the spot price in Karachi is stable at 12,300 rupees/maund, and the price of imported US cotton has increased by 1.64%.
In the past week, cotton yarn prices in India were stable or fell slightly. Insufficient liquidity has affected cotton yarn sales. Affected, the export price of cotton yarn remained stable.
At present, the growth of new crown epidemic cases in various states in India has slowed down and returned to the level before the second wave of the epidemic at the end of March. The lockdown in Tamil Nadu has been extended to June 21 On the same day, the local textile and clothing distribution center was also under lockdown, but the government allowed the employment rate of export department employees to increase from 10% to 25%. </p
