In the past week, demand for cotton yarn in Pakistan has remained sluggish and prices have continued to fall. This is because the new tax system has brought many problems and the export of cotton yarn to Europe has declined. China’s order recovery has not been saved.

At present, Pakistani textile companies are still not adapting to the new tax system, and 30 carded yarns fell by 1.98% in one week. Export prices are relatively stable due to strong demand from Chinese buyers.

Polyester cotton yarn and polyester-viscose yarn fell 1-2 rupees/lb, which was in line with the price of raw materials. The new tax system has a greater impact on these two yarns because of the limited demand for such yarns abroad. Affected by this, domestic demand for blended yarn in Pakistan remains sluggish.

During the same period, the price of polyester staple fiber in Pakistan also fell sharply due to the decrease in demand and the fall in the price of imported polyester staple fiber in China. 1.4D polyester staple fiber fell 2.6%, and fell 7.43% in the past four weeks. The price of imported Chinese polyester staple fiber fell to US$0.0/kg and may fall further in the future.

At the same time, Pakistan's chemical fiber manufacturers' profits fell to a low point, the operating rate dropped, and manufacturers will maintain existing offers. The price of viscose staple fiber fell with the import price, and the price of imported viscose staple fiber was 1.48 US dollars/kg.