Pakistani government introduces policies to stimulate textile exports

As of the week of October 6, the price of cotton yarn in Pakistan has not been adjusted compared to last week. The fall in cotton prices has spurred the purchasing needs of textile companies. The sales volume of cotton yarn traders and textile mills has increased significantly. Among them, the Faisalbad yarn market, 30S pure cotton yarn, 31S and 24S blended yarn sales are better.
In the export market, 20S, 16S carded yarn and 20S combed yarn sales were sluggish. 21S and 32S cotton knitting yarns are mainly sold to China.

Due to the relatively stable price of PTA and MEG, the price of polyester fiber remained unchanged last week. Among them, China's polyester fiber export price is 0.9 US dollars / kg. In order to adapt to seasonal demand, many textile companies began to turn to produce PV yarns, and the price of PV yarns is expected to remain firm in the coming weeks.

It is expected that in the next few days, the Pakistani government will continue to introduce measures to stimulate the export of yarns, fabrics and garments. Therefore, it is expected that the price of cotton in Pakistan will rebound in the next few days and the demand for textile mills will increase. At present, the spot price of Pakistani cotton Kakila is 6000 rupees / Mengde.

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