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Related Keywords: commodity price, cotton bales, cotton trading, fresh stock of cotton, Pakistan cotton market, spinning mill owner

Cotton trading picking up slowly as spinning mill-owners continued to buy the commodity to avoid a likely rebound in prices, a dealer said on Friday. Trade turnover witnessed improvement to 21,600 bales (155 kilograms each) against 21,000 bales a day ago in Pakistan.

According to a broker at the Karachi Cotton Exchange, spinning mill-owners continued to buy fresh stocks of cotton to avoid a likely rebound in the commodity price.

Related Keywords: cotton bales, cotton price, cotton trading, Karachi Cotton Association, Karachi cotton exchange, Pakistan cotton market, picking of phutti, rains, textile mill-owners

Concerns over supply cotton trading surged at six week high of 23,600 bales after rains in Punjab on Tuesday. If rain continues, the price of cotton likely to go further up.

The rains have slowed down picking of phutti (seed-cotton) in Punjab. It has also caused increase in price of cotton by Rs50 per maund (37.324 kilograms) to Rs5,450 per maund in the afternoon on Wednesday.

According to Taqi Abbas, a broker at the Karachi Cotton Exchange, uncertainty convinced textile mill-owners to buy big lots of the commodity.

Related Keywords: cotton arrival season, cotton price, cotton trading, India cotton industry, liquidity crunch, new arrival of cotton, poor demand, Saurashtra Ginners Association, SIMA, spinning industry, yarn mills

Cotton, which was quoted at Rs 40,000 per candy last Thursday, was trading at Rs 37,000 per candy (a candy of 356 kg) on Tuesday, registering Rs 3,000 drop in price, a decline by 7.5 percent per candy over the last four days owing to poor demand from yarn mills and following new arrivals of the crop in state like Punjab.

Related Keywords: cotton seed, cotton trading, lint, Pakistan cotton market, Punjab and Sindh market, range-bound trading, spinner

Trading in major stations of Punjab and Sindh remained range-bound with growing demand for fine grades, while prices of all grades remained cost-effective. Spinners bought all grades on cautious note besides deals for selective lots in order to build up their inventories on Tuesday.

But at some leading centres dull trading was seen due to political crisis, power crisis at textile units and ginneries, grade issue and liquidity problems to buyers.

Related Keywords: cotton bales, cotton further, cotton price, cotton trading, mill, Pakistan textile sector, seed cotton, spinner, spot rate

As mills and spinners took interest in fresh buying to cover their immediate needs some swift trading was witnessed on the cotton market on Wednesday. In ready session, approximately 15000 bales of cotton changed hands between Rs 5350-5550, however, prices of seed cotton in Sindh and Punjab dropped modestly to Rs 2650-2700. The official spot rate increased further by Rs.75 to Rs5375.
 

Related Keywords: cotton industry, cotton trading, Pakistan cotton market, seed cotton arrival, spot rate

Some trading activity was seen on the cotton market with price dropping unassumingly on Monday in the process of improved activity; Mills showed some interest in new purchasing with supply position eased.
 
Most of the buyers were not in a hurry to make fresh deal in anticipation of fall in prices.
 

Related Keywords: cotton bales, cotton price, cotton trading, Ginning factory, Karachi Cotton Association, new crop

Cotton prices raised as trading gained momentum over tight supply. The Karachi Cotton Association (KCA) raised its spot rate by Rs50 to Rs6,350. The following were Thursday’s new crop Karachi Cotton Association (KCA) official spot rates for local dealings in Pak rupees for base grade 3 staple length 1-1/32” micronair value between 3.8 to 4.9 NCL.
 

Related Keywords: cotton trading, Mills, new crop, Pakistan cotton industry, Pakistan cotton market, Spinners

With mills and spinners taking interest in fresh deals little improvement was witnessed on Wednesday in the trading activity at the Pakistan cotton markets.
 
While there was no change seen in the official spot rate at Rs 6,300, the prices of seed cotton from Sindh was at Rs 3300 and Rs 3350, and in the Punjab rates jumped by Rs 100 to Rs 3400 and Rs 3350.
 

Related Keywords: cotton price, cotton trading, ginner, Karachi Cotton Association, new crop, Pakistan cotton market, Pubjab spinners

With buyers reluctant to enter into big deals trading at Pakistan cotton market continued at slow pace. Only around 2,500 bales from new crop have so far been sold by ginners which were mostly lifted by Punjab spinners. Around seven to eight ginning units have started operating in Sindh and five in Punjab. However, all these ginneries are getting raw cotton supplies from lower Sindh where crop normally matures earlier than other cotton-growing belts of the country.

Related Keywords: cotton trading, Karachi cotton market

Majority of spinning mill-owners stayed out of the cotton markets looking ahead for revival in sales of cotton yarn, due to which the cotton trading at the local market witnessed slow move on Tuesday at Karachi cotton market.

According to the Karachi Cotton Association (KCA) report traders exchange 6,140 bales (155 kilograms each) at Rs5,800 to Rs7,000 per maund as compared to 3,600 bales traded at Rs6,875 to Rs6,900 per maund the previous day