During the week of May 18-24, Pakistan’s cotton prices were firm and the price of polyester staple fiber increased with the sharp rebound in crude oil prices in the international market.
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According to statistics, the price of 1.4D polyester staple fiber in Pakistan last week remained at Rs 123/kg, and the price of polyester imported from China rose by US$ 1/kg, and is expected to continue to increase in the future. As the cost of raw materials for viscose fiber continues to fall, the price of viscose fiber in Pakistan last week dropped by Rs 5/kg to Rs 235/kg, and the price of viscose fiber imported from China fell to $ 1.90/kg. Last week, the prices of PC yarns and PV yarns in Pakistan were relatively stable, and inquiry and order placement were relatively sluggish.
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Although cotton prices in the international market opened last week, Pakistan's cotton prices are still stable at Rs. 6750/Monday, which is mainly due to tight domestic cotton supply.
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