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Cotton market found in line with global trend

Related Keywords: assured delegation of All Pakistan Textile Mills Association, better prices in future, cotton bales, Cotton market, Cotton yarn market, cut gas tariff, ginners reluctant to sell stock, in line with global trend, KCA, millers holding quality cotton, spinning units, spot rate, Sui Northern Gas Company, Trading ring in Pakistan

Talks in the trading ring in Pakistan have confirmed that in a recent meeting the Sui Northern Gas Company has assured a delegation of All Pakistan Textile Mills Association (Aptma) to cut gas tariff by 28 per cent.

There were some big-lot deals of buying and selling from many millers who tried to get hold of quality cotton, but ginners were generally reluctant to sell their stock in the hope of getting better prices in future.

Trading activity remained dull on cotton market

Related Keywords: cotton, Cotton yarn market, Ginners, Karachi Cotton Association (KCA), Spinners

Trading activity remained extremely slow on the cotton market on Thursday with hardly any worth mentioning deals were reported to have changed hands on Thursday as Ginners were reluctant to sell their stocks at current rates, whereas the spinners on their part were making every efforts to pull prices in their favour. c

Trading activity touch rock bottom, as there seems to be no relief in rising trend in phutti (seed cotton) prices and this has been the main factor behind higher price demand from ginners.

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