News Tags

Related Keywords: activity remained restricted, After losing ground, cotton bales, cotton prices, Cotton prices moved higher, KCA, KCE, last fortnight, once again picked up, short supply of lint stocks, spot rate, strong demand for quality lint on Monday

After losing ground during last fortnight, cotton prices once again picked up. Cotton prices moved higher on strong demand for quality lint on Monday. However, activity remained restricted due to short supply of lint stocks.

It was interesting to note that prices once again moved beyond Rs7,000 per maund, with the highest rate quoted at Rs7,500 per maund. However, short supply of quality cotton owing to falling cotton stocks restricted activity, leaving many spinners disappointed.

Related Keywords: continuing to influence domestic trading, cotton bales, cotton yarn and grey fabric by buyer, depressed yarn and grey fabric markets, global trend, KCA, KEA, PCGA, pushed cotton prices under pressure, slow off take, spot rate, taking a toll over, trading at cotton market on Monday, workings of the cotton market

Slow off take of cotton yarn and grey fabric by buyer, once again pushed cotton prices under pressure when trading resumed on Monday at cotton market. The depressed yarn and grey fabric markets are taking a toll over the workings of the cotton market, with global trend continuing to influence domestic trading, brokers said.

Leading spinners continue to be absent while some small spinners indulge in buying on a day-to-day basis resulting in erratic market behavior.
Brokers said that leading spinners holding substantial cotton inventories have booked lint for import.

Related Keywords: cotton bales, cotton market on Thursday, depressed local market, domestic market, falling world cotton prices, ginners keen to enter into deals, grey cloth, insipid conditions continue, KCA, KCE, kept spinners away from trading ring, little buying interest, Sluggish off-take of cotton yarn, spot rate

The sluggish off-take of cotton yarn and grey cloth in the domestic market has kept spinners away from the trading ring. With little buying interest, insipid conditions continue at the cotton market on Thursday. Though ginners were keen to enter into deals but falling world cotton prices have further depressed the local market.

Related Keywords: amid slow demand from spinners, CCI, cotton bales, Cotton prices continued to slide, KCA, on Wednesday at cotton market. Ginners holding substantial stocks, rapidly falling prices, spot rate, suffer huge losses, third consecutive session, unsold cotton

Cotton prices continued to slide for the third consecutive session amid slow demand from the spinners on Wednesday. Ginners holding substantial stocks of unsold cotton and with rapidly falling prices are likely to suffer huge losses.

Cotton broker Adil Naseem said that the declining lint price trend indicated that a weaker US dollar against other leading currencies is impacting commodity prices.

Related Keywords: after dull trading activity cotton market, cotton bales, cotton prices, falling cotton prices, impacted phutti negatively, KCA, KCE, moving further lower on Tuesday, Punjab quality, Sindh variety, Spinners, spot rate, Textile spinning sector

Cotton prices moving further lower on Tuesday after dull trading activity at cotton market. Falling cotton prices also impacted phutti (seed cotton) negatively, with Punjab quality being quoted between Rs2,700-2,900 and Sindh variety in the range of Rs2,700-3,300 per 40kg. Previously phutti prices were being quoted between Rs2,900-3,500 per 40kg.

However, some buying interest was noted at the lower level as many spinners preferred to cover up their positions amid falling cotton prices.

Related Keywords: buyers stayed away, cotton bales, cotton inventories, Cotton market, extremely slow tone, falling cotton prices in the world markets, KCA, no transactions, slow off take of yarn, spot rate firm, Trading activity resumed, week opened, yarn market

Trading activity resumed on an extremely slow tone as the week opened at the cotton market as buyers stayed away due to slow off take of yarn and falling cotton prices in the world markets.

Although the SRO for waiver of duty and taxes on lint imports was issued by the government last week, spinners are now facing a new quandary as cotton yarn prices started to decline due to lack of buying from the value-added textile sector.

According to cotton broker Naseem Usman, the spinners have huge cotton inventories, due to which the yarn market has suddenly become depressed and slow.

Related Keywords: cotton bales, Cotton market, global cotton market, KCA, kept to the sidelines, Leading spinners, major factor for poor performance, slow off take of cotton yarn, Slow trading witnessed, spot rate

Slow trading witnessed at the cotton market on Wednesday as leading spinners kept to the sidelines. Overall, the undertone was weak and outlook uncertain. However, some market reports suggest that slow off-take of cotton yarn was a major factor for poor performance of the cotton market.

Trading resumed on overnight dull tone, impacted by the issuance of an statutory release order (SRO) waiving duty and taxes on import of cotton.

Related Keywords: better grades of lint, Buyers anticipating upward change in prices, cotton bales, KCA, kept physical prices stable, made forward deals of better grades, major stations of Punjab and Sindh, remained on the higher side, Spinners, spot rate, trading session, trading volumes in second grade of cotton, upcoming trading sessions

Better grades of lint kept the physical prices stable while trading volumes in second grade of cotton remained on the higher side during the trading session in major stations of Punjab and Sindh.

Buyers in anticipation of an upward change in prices in the upcoming trading sessions made forward deals of better grades. Buyers made forward deals for a month period at around Rs 6,550 per maund and Rs 6,600 per maund.

Buyers purchased commodity at a premium price and mills consolidated their inventories in anticipating paucity in coming trading sessions at lint market.

Related Keywords: 000 bales on an average, 200-5, 3, 350 per quintal, Arrival of raw cotton going up, arriving every day, CCI, cotton bales, mandis, Punjab markets, range of Rs 5, rates of cotton crop stabilizing, second week of January, state markets

With the arrival of raw cotton going up in the second week of January, the rates of cotton crop stabilizing in the range of Rs 5,200-5,350 per quintal in Punjab markets. In the corresponding period in 2017, rates of raw cotton were Rs 5,600-5,700 per quintal.

Till the first week, about 3,000 bales on an average were arriving every day in the state markets. Now, over 4,500 bales are arriving in the mandis for the last three days. Starting from September 1, 2017 till January 9, a total of 5.55 lakh bales (1bale=170kg) of raw cotton had arrived in the markets of Punjab.

Related Keywords: better grades at a slightly higher price, Buyers also made forward deals, cotton bales, Cotton market, for a month in anticipation, further increase in better stuff prices, KCA, leading buyer made deals, maintain inventories, shrinking of better grades of lint, spot rate, trading session

During the trading session at the cotton market due to shrinking of better grades of lint, leading buyer made deals for better grades at a slightly higher price to maintain their inventories. Buyers also made forward deals for a month in anticipation of a further increase in better stuff prices.

The physical prices remained steady and influx of phutti (cottonseed) in ginneries remained normal.