Pakistan’s cotton yarn has failed to recover in the past week. The reason is that yarn mill product inventories are high and downstream procurement demand is still insufficient.
At present, product inventories of Pakistani yarn mills are rising, downstream operating rates are declining, and many yarn mills are unwilling to operate at full capacity. Some cotton mills have also exhausted their raw cotton stocks and were unable to purchase cotton when international cotton prices fell in the early period.
Spinning mills are working hard to increase their purchases of domestic cotton, but the supply of high-grade cotton still cannot keep up. Affected by this, Pakistan’s Karachi spot price index rose 5% in the past week. </p
