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Related Keywords: continue to import cotton, cotton and cotton yarn, keep production low, large spinning group, neighbouring country, Pakistan cotton market, see latest development, slow move in trading activity, sluggish demand, spinning mills remained away from making new deals, under utilization of capacity

Pakistan cotton market witnessed slow move in trading activity on Monday as some spinning mills remained away from making new deals to see latest developments. This indicates that demand is sluggish owing to under utilization of the capacity by the spinning industry. On the other hand, large spinning groups continue to import cotton from neighbouring country and this has also slowed down considerably. The slow off-take of cotton yarn is also forcing spinners to be cautious and keep their production low.

Related Keywords: Chinese demand, Chinese policy on import, cotton and cotton yarn, domestic demand, export to other counrtires, increase in stock availability, Indian textile industry, powerloom weavers, Southern India Mills

With a drop in Chinese demand for cotton and cotton yarn during this financial year, stocks available in the domestic market of India have increased. Though the domestic demand continues to be good for yarn and export to other countries is on, there is a fall in prices because of the increase in stock availability.

According to the industry sources, this trend too depends on the variety of cotton yarn. Export demand for cotton and cotton yarn is expected to revive soon as the Chinese policy on import of cotton and cotton yarn will be clear in a month.