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Related Keywords: buyers and sellers entangled in price war, cotton bales, Cotton market, KCA, production of lint in ginneries of Sindh and Punjan, remained firm, remained moderate, strong spot rate amid higher demand for fine grades, trading activity

The trading activities remained firm in cotton market with strong spot rate amid higher demand for fine grades, traders at Karachi Cotton Association (KCA) said on Friday. The buyers and sellers were entangled in price war while deals for all grades changed hands on competitive prices in Sindh and Punjab stations at around Rs 5,000 per maund to Rs 5,400 per maund while production of the lint in the ginneries of Sindh and Punjab remained moderate, however around 3,960 bales were produced, floor brokers said.

Related Keywords: buyers made deals for quality lint, cotton bales, Cotton market, domestic market, during trading session, ginners of Punjab offered cotton of all grades, ginners of Sindh offered low-grade lint, KCA, moderate trading activity seen, slightly higher prices, spot rate remained unchanged

Moderate trading activity was witnessed at the cotton market as buyers made deals for quality lint on slightly higher prices at around Rs 5,675 per maund during the trading session and around 360 bales changed hands. The Karachi Cotton Association (KCA) spot rate remained unchanged Rs 5,450 per maund.

The ginners of Punjab offered cotton of all grades to the buyers around Rs 5,000 per maund to Rs 5,100 per maund while ginners of Sindh offered low-grade lint to the buyers around Rs 4,975 per maund.

Related Keywords: cotton bales, Cotton market, KCA, official spot rate remain unchanged, ready business, seed cotton prices, slight improvement in daily intake, spinners made fresh deals on lower prices, spinning industry, Trading activity improves

As spinners made some fresh deals on lower prices, trading activity on the cotton market on Tuesday saw some improvement, dealers said. In the ready business, as a result of slight improvement in the daily intake, over 3000 bales of cotton changed hands between Rs 4700 and Rs 5400.

The official spot rate remained unchanged at Rs 5,200. While, in Sindh, seed cotton prices were at Rs 2000-2200, and in Punjab prices at Rs 2500 and Rs 2900.

Related Keywords: APTMA, better quality from the current crop, few buying interest from spinners domestic cotton market, KCA, Pakistan cotton market, spot rate, unsold quantity of cotton, witnessed slow trading activity

The Pakistan cotton market on Thursday witnessed slow trading activity with few buying interest on the part of the spinners. The domestic cotton market is passing through a lackluster phase, moreover from the remaining 550,000 bales (155 kgs) of unsold quantity of cotton barely about 150,000 bales may be of better quality from the current crop (August 2015/July 2016), mills are hardly making any purchases.

Related Keywords: KCA, meet near future demand, overnight recovery trend sustained, Pakistan cotton market, short supply of quality cotton restricted trade volume, spinners rushing to book quality lint, spot rate, strond demand from spinners, trading activity picking up rapidly

Trading activity at the cotton market on Tuesday picked up rapidly with spinners rushing to book quality lint to meet their near-future demand. The overnight recovery trend sustained itself on strong demand from spinners. However, short supply of quality cotton restricted trade volume.

According to market sources, a sudden turnaround in world cotton markets influenced the domestic market which had been otherwise moving slow. The cotton yarn market also reportedly witnessed higher trading activity.

Related Keywords: buyers remained eager for quality lots, capitalize maximum returns on their proceeds, Cotton growers, influx of better grade, KCA, Lint market, made deals for all grades, Mills in Sindh and Punjab stations, Pakistan cotton market, physical price firm, spot rate, trading session

During the trading session, buyers remained eager for quality lots keeping physical price firm in lint market, while prices remained attracted for buyers with less liquidity, traders at the Karachi Cotton Association (KCA) said on Wednesday.

Mills in Sindh and Punjab stations made deals for all grades on cautious note as grade issue was continued. Traders offered all grades of lint on bargaining rates at around Rs 4,975 per maund to Rs 5,450 per maund in order to capitalize maximum returns on their proceeds.

Related Keywords: buyers reluctant to make sizeable deal, cotton bales, ginning units, KCA, Lint market, on grade issue, remained lean, Spinners, spot rate, textile sector, though price low, trading activity

Trading activity remained lean as buyers were reluctant to make any sizeable deal though price was low at the lint market on grade issue, floor brokers said. Some spinners finalized deals of fine type to meet immediate need and around 200 bales changed hands.

The Karachi Cotton Association (KCA) spot rate remained firm at Rs 5,300 per maund. The volumes were slow with traders purchased just 200 cotton bales in the ready market of Sindh and Punjab at Rs 4,950 per maund to Rs 5,450 per maund.

Related Keywords: China to reduce cotton cultivation, cotton market turned easy, cut in spot rates, depressing cotton trade, effect entire textile chain, fabric markets, Fall in cotton yarn, floor broker, go idle in coming days, imported substantial quanity of cotton, KCA, leading spiiners, million of spindles, seed cotton, stayed away from proceedings

Fall in cotton yarn and fabric markets is depressing cotton trade, as leading spinners stayed away from the proceedings having already imported a substantial quantity of cotton due to which the cotton market turned easy on Friday, said floor brokers.

Despite the fact that stocks are low and there is little hope of any substantial arrival of phutti (seed cotton) during the current season, there are hardly any signs of panic buying.

Brokers said that millions of spindles would go idle in the coming days which would have a snowball effect on the entire textile chain.

Related Keywords: declined, declined by hundred rupees per maund, domestic mills facing payments problems, import of cotton and yarn, KCA, local cotton markets in Pakistan, Pakistani millls form India, Plenary meeting of ICAC, price of better quality of lint, prices of lower grades of seed cotton, spot rate, textile circles, Trading activity slow

Trading activity on the local cotton markets in Pakistan has been slow as a tight money market in Pakistan with several domestic mills reported to be facing payments problems. Indeed imports of cotton and yarns by Pakistani mills, significantly from India, have also been reported. Textile circles reported that the industry has been in trouble since a long time now.

Inappropriate tax laws, delay in refund payments and continuing energy shortages like gas and power have been largely hampering the functioning of the Pakistan textile industry.

Related Keywords: capitalise maximum returns, cotton bales, Cotton growers, cotton growing belts, fine lint in demand, ginning units, KCA, Lint market, Mills in Sindh and Punjab stations, month period forward deals, physical prices firm, spot rate, textile sector, trading session

During the trading session, many buyers made deals in fine grade to strengthen their long positions in the lint market that kept physical prices firm. Trader at the Karachi Cotton Association (KCA) also said that some leading buyers made a month period forward deals for all grades on Saturday.