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Tight supply kept cotton prices slightly high at cotton market

Related Keywords: cheap prices as compare to local rates, Cotton market, forward buying witnessed by mills, mills importing cotton from the US and other countries, phutti arrival, prices inclined higher marginally, ready business, seed cotton prices, Seed cotton supply, slow due to shortage of transport, spinners indulged in panic buying, tight supply position

In the process of tight supply position, prices inclined higher marginally at cotton market on Friday, dealers said. According to the market sources, some spinners indulged in panic buying due to short supply position. A kind of forward buying was also witnessed by mills.

The official spot rate remained unchanged at Rs 6,650, dealers said.

In Sindh, seed cotton prices were at Rs 3400-3550 and in Punjab rates of Phutti, were at Rs 3100-3450, per 40 kg. While, in ready business, around 12,000 bales of cotton changed hands between Rs 6725 and Rs 6900, dealers said.

Rise in phutti supply kept prices under pressure

Related Keywords: cotton bales, Cotton market, despite strong mill buying, Improvement in seed cotton arrivals, prices not showing improvement, prices remained under pressure, ready business

With the improvement in arrivals of seed cotton, prices remained under pressure on the cotton market on Monday, according to the dealers. In both Sindh and Punjab, seed cotton prices were at Rs 3000 and Rs 3200 per 40 kg, respectively.

The official spot rate continued falling trend, losing more Rs 200 to Rs 6,200, dealers said.

In ready business, around 20,000 bales of cotton changed hands between Rs 6400 and Rs 6500, dealers said.

Cotton market witnessed bullish trend

Related Keywords: Cotton market, helping rates to go up, higher rates, official spot rate gained further, other mills continued buying of fine quality, rates of phutti also inert, ready business, showed no change, Sindh seed cotton prices, some leading mills kept on the sideline, tight supply position, trading activity, witnessed a bullish trend persisting

Trading activity at cotton market witnessed a bullish trend persisting on Tuesday. The official spot rate gained further Rs 50 to Rs 6450 while, in Sindh seed cotton prices showed no change at Rs 3400 and 3500 per 40 kg, respectively, In Punjab, rates of phutti also inert at Rs 3400 and Rs 3600, dealers said.

In ready business, more or less 6,000 bales of cotton changed hands between Rs 6650 and Rs 6900, they said.

According to the market sources, some leading mills kept on the sideline due to higher rates, in the meantime, other mills continued buying of fine quality.

Cotton prices recover as spinners indulged in fresh buying

Related Keywords: China cotton reserve auctions, cotton cultivation, Cotton market, Cotton prices recover, government announce a comprehensive cotton policy, official spot rate recovered majorly, PCGA, ready business, save textile industry, short supply position, spinner indulged in forward buying

With spinners getting indulged in forward buying amid short supply position, prices recovered on the cotton market on Friday, dealers said. In the ready business, around 5000 bales of cotton changed hands between Rs 4500-6000 while in the Punjab, prices showed no change at Rs 3100 and Rs 3400. The official spot rate recovered majorly from Rs 100 to Rs 5,650.

Volume of business improves on dwindling stock at cotton market

Related Keywords: cannot achieve without reducing cost of production, cotton bales, Cotton market, export target, ginners have only two million bales of unsold stock, official spot rate up, on dwindling stock, PRGMEA, ready business, witnessed fresh buying interest by spinners and mills

Cotton market witnessed fresh buying interest by spinners and mills on Tuesday as the ginners have only two million bales of unsold stock, dealers said. In the ready business, around 5000 bales of cotton changed hands between Rs 4200-5800.

However, the official spot rate was down by Rs 50 to Rs 5,600 while in the Punjab, prices showed no change at Rs 3100 and Rs 3400, dealers said.

Trade activity at cotton market witnessed improvement

Related Keywords: cotton bales, India cotton price stable, meet requirements, official spot rate, positive factor causing rise in buying cotton, ready business, resulted in higher polyester yarn price, rise in oil prices, spinners doing urgent buying of quality lint, strong demand, Trading activity at cotton market, witnessed improvement

Trading activity at cotton market on Wednesday witnessed further improvement with spinners doing some urgent buying of quality lint to meet requirements, dealers said. Besides, rise in oil prices resulted in higher polyester yarn prices by Rs 2 per kg, this is a positive factor which is causing rise in buying of cotton.

The official spot rate unchanged at Rs 5,200 while the Punjab prices were at Rs 2400 and Rs 3000. In the ready business, over 6,000 bales of cotton changed hands between Rs 5000 and Rs 5550, dealers said.

Trading activity on cotton market remains low on Holi festival

Related Keywords: buyers trying to lay hands over the best quality, Cotton market, cotton yarn, future direction of market, Holi festival, kept trading activity low, many participants busy in holi celebration, not so clear in coming days, official spot rate, Prices may pick up or stabilize, ready business, seed cotton prices, short in demand, textile good

Holi festival kept trading activity on the cotton market on Thursday came under pressure as many participants busy in Holi celebrations. Dealers said the trade activity may revive after Holi festival.

In the ready business, around 4,000 bales of cotton changed hands between Rs 4300-5500, while, in Sindh, seed cotton prices were at Rs 2000-2200, and in Punjab prices at Rs 2500 and Rs 2900.

The official spot rate was unchanged at Rs 5,250, dealers said.

Cotton market witnessed gain in prices due to short supply

Related Keywords: cotton bales, cotton belt, gain in cotton price, ginning process, maintained rising trend, mills and spinners, Pakistan Cotton Ginners Association, Pakistan cotton market, ready business, seed cotton price, short supply of quality lint, spot rate

Pakistan cotton market due to short supply of quality lint witnessed overnight gain in cotton price on Saturday. In the ready business, around 13,000 bales of cotton changed hands between Rs 5100 and Rs 5500. The official spot rate maintained rising trend for the second day, gaining further Rs 50 more at Rs 5,300, dealers said.

While, in Sindh, seed cotton prices were at Rs 2000-2200, and Punjab prices at Rs 2500 and Rs 2900.

Trading activity improves as spinners make fresh deals on lower rates

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.

Dull business seen on Pakistan cotton market

Related Keywords: China, cotton bales, dull market seen, leading spinners kept on sidelines, Pakistan cotton market, process of trading, ready business, reduction in cotton cultivation, seed cotton, spot rate, top growing region

Dull market was seen on the cotton market on Tuesday as leading spinners kept on the sidelines in the process of trading. In the ready business, about 1400 bales of cotton changed hands at Rs 5550, dealers said.

In Sindh, prices of seed cotton at Rs 1600 and Rs 2800, in the Punjab, rates were at Rs 2000 and Rs 3000. The official spot rate remained unchanged at Rs 5,350.

As per the market sources, the spinners were not keen in making fresh deals because they are already facing losses due to high risk of doing business in absence of incentives by the government.

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