Pakistan: yarn market

No improvements in the domestic yarn market have been apparent lately. Downstream manufacturers maintain low price ideas in view of subdued demand for textiles products from key export markets. Mills needing to liquidate stocks have had to accept lower rates, and many report substantial delays in receiving payments against previously agreed local sales.

Meanwhile, export yarn enquiry is still moderate. Buyers from the key Chinese market are procuring notable volumes, but at low price levels. Some spinners continue to agree business in view of poor demand from domestic mills.

Asking rates for 20/21s carded yarn are unchanged at around US$380-410 per 400-lb bale, FOB, while those for 30/32s carded yarn are steady at US$450-480 per bale.

Polyester staple fibre prices are still placed at around Rs. 325-328 per kilo.

Posted in: Cotlook Headlines