News Tags

Related Keywords: buyers and sellers, cited as another factor, cotton market conditions dull, downward trend in world leading cotton market, impacted domestic market, KCA, low demand for cotton, no transaction, outlook uncertain, PAF, spot rate lowered, staying away from proceedings, undertone was weak, value-added textile sector

With buyers and sellers staying away from the proceedings kept cotton market conditions dull on Tuesday. The undertone was weak and outlook uncertain. However, low demand for cotton from the value-added textile sector is cited as another factor.

Moreover, slow demand for cotton yarn has forced many spinners to move cautiously and avoid building up their inventories.

The downward trend in world leading cotton markets has impacted the domestic market adversely.

Related Keywords: Buyers made forward deals, buyers and sellers, buying of second grade lint, cotton bales, Cotton market, looking for better grades, month's delivery period, on higher side, remained busy in price wars, second grade of cotton, stable physical prices, trading session

Trading session at cotton market witnessed buying of second grade lint on the higher side with stable physical prices. Buyers also made forward deals for a month's delivery period in second grade of cotton. On the other hand buyers and sellers looking for better grades remained busy in price wars to make deals.

Most deals for second grade of lint changed hands at around Rs 6,500 per maund, during trading session in Punjab and Sindh stations. Raw grades of lint changed hands at Rs 5,975-Rs 6,000 per maund, depending on trash level during trading session.

Related Keywords: 88Spares, assist Indonesian textile and garment sector, buyers and sellers, cut their costs and efforts on sales and marketing, Indonesian emarketplace, launch a business to business, multi vendor market place, target niche of textile and garments manufacturing businesses

88Spares an Indonesian e-marketplace for buyers and sellers that target the niche of the textile and garments manufacturing businesses to launch a business to business (B@B) multi vendor market place to assist the Indonesian textile and garment sector, said chief executive officer and co-founder Hartmut Molzahn of 88Spares.

Related Keywords: buyers and sellers, buyers purchased, Cotton market, entangled in price war on second grade stuff, fine grade lint, ginning unit, KCA, making eals for fresh fine lots, slightly higher price, spinner and miller, spot rate remained firm, textile sector, three hundred bales changed hands, trading session

During the trading session at cotton market, buyers purchased fine grade lint on slightly higher price at around Rs5,000 per maund to Rs5,525 per maud. Around 300 bales changed hands, said floork brokers.

The Karachi Cotton Association (KCA) spot rate remained firm at Rs 5,650 per maund.

According to a senior trader, Ghulam Rabbani, buyers and sellers remained entangled in price war on second grade stuff and buyers bought grade at around Rs 5,375 per maund to cater their immediate need.

Related Keywords: better rates compared to current prices, buyers and sellers, Cotton market, entry into the market, fresh selling, ginners showed no interest, no single deal finalized, official spot rate, remained unchanged, Trading Corporation of Pakistan, witnessed wait and see attitude

The cotton market on Thursday witnessed a wait and see attitude from both buyers and sellers after Trading Corporation of Pakistan (TCP)'s entry into the market, dealers said.

According to the market sources, the ginners showed no interest in fresh selling, anticipating better rates as compare to the current prices.

In the Punjab, a very small size of seed-cotton left with the ginners showed no change for inferior type at Rs 3100 while best quality picked up Rs 200 to Rs 3400 while, in the ready business, not a single deal finalized.