YnFx logo
FacebookFacebookFacebook

News Tags

warning: Creating default object from empty value in /var/www/html/html/vhosts/ynfx_drupal/modules/taxonomy/taxonomy.pages.inc on line 33.

Active trading continues amid firm prices at cotton market

Related Keywords: buyers consolidated inventories, buyers made majority deals, cotton bales, forward deals also changed hands, grade selective, KCA, KCE, Lint market, second grade stuff on premium price, Sindh and Punjab stations, some buyers made deals, spot rate, trading session

At lint market, buyers made majority deals which were grade-selective while some buyers made deals for second grade stuff on premium price. Forward deals also changed hands as buyers consolidated inventories in Sindh and Punjab stations during trading session, floor brokers said.

Trading activity at cotton market picks up with increasing flow of phutti

Related Keywords: cotton bales, Cotton market, expands on Wednesday, improve the supply of quality lint, increasing flow of phutti, KCA, KCE, kept prices steady, seed cotton, short supply against higher demand, spot rate remain unchanged, trading activity

Trading activity on the cotton market expands on Wednesday with increasing flow of phutti (seed cotton) which will also improve the supply of quality lint. However, short supply against higher demand kept prices steady.

Phutti arrivals from Sindh continue to be higher due to early maturing of crop, therefore much of trading was noted in this variety.However, supplies from Punjab were also improving.

Active trading continues at cotton market

Related Keywords: continued to witness active trading, cotton bales, ex-Karachi rates rose, fixed the official spot rate, Grade 3 cotton, Karachi Cotton Association, Karachi cotton exchange, or base price, Spot rate stood unchanged, transport charges also escalated, upcountry expenses increased

Karachi Cotton Exchange on Tuesday continued to witness active trading, while upcountry expenses increased Rs10 a maund. According to an analyst, upcountry expenses increased after a period of around two years, as transport charges also escalated

Spot rate stood unchanged at Rs6,350/maund (37.324 kilogrammes) and Rs6,802/40-kg. However, ex-Karachi rates rose to Rs6,495/maund and Rs6,960/40-kg after addition of Rs145 and Rs155 as upcountry expenses, respectively.

Activity trading seen at cotton market

Related Keywords: amid increase in demand, cotton bales, Ex-Karachi rateso remained firm, ginning factories, Karachi cotton exchange, local market remain steady, new crop, nine transactions recorded, spot rate remained firm, witnessed active trading

Karachi Cotton Exchange on Monday witnessed active trading, while spot rate remained firm at Rs6,350/maund (37.324 kg) and Rs6,802/40-kg. Ex-Karachi rates also remained firm Rs6,485/maund and Rs6,950/40-kg after an addition of Rs135 and Rs145 as upcountry expenses, respectively.

Karachi Cotton Market recorded nine transactions of around 6,000 bales of the new crop at a price of Rs6,350 to Rs6,700 a maund.

According to an analyst, there was more demand after rains stopped in Sindh. Around 65 ginning factories have started operation in Sindh and 10 in Punjab.

Slow trading recorded at Karachi cotton exchange

Related Keywords: cotton bales, cotton cultivation, cotton production, from the new crop, Karachi cotton exchange, likely to increase this year, recorded slow trading, spot rates decreased, with only four transactions

The Karachi Cotton Exchange on Thursday recorded slow trading with only four transactions of 1,700 bales from the new crop at a price of Rs6,350 to Rs6,650/maund.

Trading included 1,000 bales from Shahdadpur, 400 bales from Tando Adam, 200 bales from Hyderabad and 100 bales from Burewala.

The spot rates decreased Rs50/maund to Rs6,300/maund (37.324kg) and Rs6,752/40kg. Ex-Karachi rates also dropped to Rs6,435/maund and Rs6,897/40kg after an addition of Rs135 and Rs145 as upcountry expenses, respectively.

Normal trading continue at cotton market as prices remain unchanged

Related Keywords: buyers remained in hunt of second grade lint, continued with normal trading, cotton bales, depleting stocks of fine grades of lint, Ginners offered all grades, grand issues, Karachi Cotton Association, Karachi cotton exchange, KCE recorded eight transactions, Spinner made deal for immediate need, spot rates remained firm

The Karachi Cotton Exchange on Wednesday continued with normal trading, while spot rates remained firm at Rs6,350/maund (37.324kg) and Rs6,805/40kg. Ex-Karachi rates also remained unchanged at Rs6,485/maund and Rs6,950/40kg after an addition of Rs135 and Rs145 as upcountry expenses, respectively.

Cotton market remain stable

Related Keywords: cotton bales, Ex Karachi rates also remained unchanged, in demand of cotton, Karachi cotton exchange, new crop, on Tuesday recorded normal trading activity, prices firm, Sindh and Punjab market, spinning mills, spot rates stood unchanged, upcountry expenses

Karachi Cotton Exchange on Tuesday recorded normal trading activity, while spot rates stood unchanged at Rs6,350/maund (37.324kg) and Rs6,805/40kg. Ex-Karachi rates also remained unchanged at Rs6,485/maund and Rs6,950/40kg after an addition of Rs135 and Rs145 as upcountry expenses, respectively.

KCE recorded seven transactions of around 4,500 bales from the new crop of Sindh and Punjab at a price of Rs6,275 to Rs6,550/ maund.

Slow trading activity witnessed at cotton market

Related Keywords: affect pricing, cotton bales, cotton growing areas, entered in the market, Ex Karachi rates, increased demand, Karachi cotton exchange, new crop, slow trading activity, slowed down the arrivals, spot rates increased, two station of Punjab

At the Karachi Cotton Exchange, slow trading activity was witnessed on Wednesday, while spot rates increased to Rs6,300/maund (37.324kg) and Rs6,752/40kg.

Ex-Karachi rates also increased to Rs6,435/maund and Rs6,897/40kg after an addition of Rs135 and Rs145 as upcountry expenses, respectively.

KCE recorded trade of 1,400 bales from six stations in between Rs6,300/maund to Rs6,520/maund.

Trade was recorded from Shahdadpur, Mirpurkhas, Jamsabad and Golarchi in Sindh, while two stations of Punjab, Chichawatni and Burewala, also entered in the market with the new crop.

Slow to moderate trading witness with steady pricing

Related Keywords: cotton bales, ginneries, Karachi Cotton Association, Karachi cotton exchange, on Monday at cotton market, prices remaining firm, seed cotton, slow flow of phutti, Slow to moderate trading witnessed, slow trading was recorded, spot rate remained steady, sustained demand from spinners

Slow to moderate trading was witnessed on Monday at the cotton market with prices remaining firm. Though there was sustained demand from spinners for cotton but slow flow of phutti (seed cotton) from fields into ginneries restricted activity.

The new spell of rain expected from next week concerns cotton trade as it may affect the crop in its current growing stage, brokers said.

However, so far the cotton crop is remained safe and sowing also went smoothly on slightly larger area thus strongly indicating that crop size would be larger than last year.

Trading remains grade selective at cotton market

Related Keywords: amid firm spot rate at Karachi Cotton Association, better grades of lint, buyers consolidated their future positions, cotton bales, domestic market, fresh fine lots, making forward deals, on sellers asking price, pushing physical prices in green zone, remained grade selective, Sindh and Punjab stations, Trading at cotton market

Trading at cotton market remained grade selective while buyers consolidated their future positions with fresh fine lots making forward deals for better grades of lint on sellers' asking price pushing physical prices in green zone amid firm spot rate of Rs6,100 per maund at Karachi Cotton Association (KCA), traders said.

Floor brokers said that buyers bought all grades at around Rs 6,275 per maund to Rs 6,500 per maund and deals for fine and second grade lint for blending purpose remained sound that changed hands at around Rs 6,750 per maund on average during trading session.

Copyright © 2014 Centerac Technologies Limited. All Rights Reserved
-->
feedback button