Pakistan cotton market failed to pick up momentum

Pakistan cotton market failed to pick up any momentum as demand for cotton yarn remind slack. Spinners as well as exporters showed little buying interest, as they are reluctant to enter into any fresh deals.

Due to low demand from China who is largely depending on last year’s huge stocks of cotton and cotton yarn, spinners are presently faced with high inventory.

According to brokers, currently China is only importing higher count yarn from India to meet its international commitment in value-added textile goods. There is hardly any demand for lower counts where Pakistani spinners have an edge.

Activity on cotton market remained sluggish with only few small lot deals by some exporters. The following deals were reported to have changed hands on ready counter: 800 bales, Dharki, at Rs6,450; 400 bales, Maroot, at Rs6,400; and 400 bales, Sadiqabad, at Rs6,400.

The Karachi Cotton Association (KCA) spot rates were firm at previous level and trading on ready counter was extremely slow.

In global front, the world cotton markets saw a mixed trend where New York cotton gave contrary trend against its overnight performance.

Recent Posts

Swisstulle advances dyeing efficiency with JigMaster

Swisstulle adopted JigMaster for its dyeing and finishing operations, especially for high-quality technical textiles used in fashion and automotive industries.

3 days ago

Birla Cellulose and Circ partner to scale textile recycling

Birla Cellulose, a leader under the Aditya Birla Group, has announced a long-term partnership with Circ, a U.S.-based textile recycling…

3 days ago

CARBIOS unveils enzymatically recycled polyester t-shirt

CARBIOS has collaborated with leading brands Patagonia, PUMA, Salomon etc. to create a groundbreaking polyester garment made entirely from textile…

3 days ago

Yangi launches sustainable fiber-based food tray

Yangi, renowned for its renewable packaging solutions, has launched a fiber-based food tray as a sustainable alternative to plastic trays…

3 days ago

Tarpaulife Project develops alternative to PVC-coated fabrics

The European Tarpaulife Project is working on polyolefin-coated fabrics, such as polyethylene, that can be manufactured to compete with PVC-coated…

3 days ago

Better Cotton to standardise measurements for cotton production

Better Cotton has joined the global non-profit alliance, Cascale, in a three-year project aimed at standardising LCA methods across the…

3 days ago