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Related Keywords: due to availability of quality lint, eagerly replenished their stock, KCA, lint stocks with ginners dwindling fast, moved cotton prices higher, owing to increased demand, picked up by needy spinners, Renewed buying interest, spot rate, Trading moderately active

Trading was moderately active on Thursday due to availability of quality lint which was picked up by needy spinners who eagerly replenished their stock. This renewed buying interest moved cotton prices higher.

Last week around 0.5 million bales deals were reported but now only 0.7m bales are currently available in the country.

As the current season (2017-18) is coming to an end, lint stocks with ginners are dwindling fast owing to increased demand. However, quality cotton is in short supply which is a cause of concern for spinners.

Related Keywords: availability of quality cotton, cotton market on Tuesday, cotton season, domestic market, KCA, lower level, ready counter, Renewed buying interest, resulted in some trading activity, spot rate, supply of quality lint, trading activity moderate

Trading activity remain moderate due to renewed buying interest at the lower level at the cotton market on Tuesday. However, the availability of quality cotton resulted in some trading activity.

Trading on ready counter was fairly moderate as needy spinners went for quality cotton. The following deals were reported to have changed hands on ready counter: 7,000 bales, Alipur, at Rs7,000; 400 bales, Jalalpur, at Rs7,100; 2,487 bales, Rahimyar Khan, at Rs7,300; and 800 bales also, Rahimyar Khan, at Rs7,000.

Related Keywords: affect total cotton production, cotton market on Tuesday, disturbed the market, needy spinners, Negative growth in Punjab cotton production, outlook uncertain, overall sentiment remained weak, Renewed buying interest, witnessed trading activity resuming slightly

Renewed buying interest from needy spinners witnessed trading activity resuming slightly at the cotton market on Tuesday. However, overall sentiment remained weak and outlook uncertain. Negative growth in Punjab cotton production disturbed the market and will affect total cotton production. The last phutti arrival figures showed improvement due to higher cotton production in Sindh.

Related Keywords: active trading was recorded, cotton bales, Cotton market, helped rates, Karachi cotton exchange, keep present levels, lack of quality lint, process of trading on Wednesday, propelled mills and spinners to keep buying, Renewed buying interest, spot rates remained unchanged

Renewed buying interest at the cotton market helped the rates to keep present levels in the process of trading on Wednesday, as per dealers. At the Karachi Cotton Exchange, active trading was recorded, while spot rates remained unchanged at Rs6,600/maund (37.324kg) and Rs7,073/40kg. Ex-Karachi rates also remained unchanged at Rs6,745/maund and Rs7,228/40kg after an addition of Rs145 and Rs155 as upcountry expenses, respectively.

In Sindh, seed cotton prices were same at Rs 2800-3350, in the Punjab, rates were at Rs 2800-3500, as per 40 kg, dealers said.

Related Keywords: cotton bales, cotton market witnessed, discouraging buying at large scale, paying premium price for good lint, prices remained on higher side, Renewed buying interest, Shortage of quality cotton, spinners sought to replenish stocks, trading could not expand

The cotton market on Tuesday witnessed renewed buying interest as spinners sought to replenish their stocks, paying premium price for good lint. Consequently, prices remained on the higher side discouraging buying at large scale.

Due to high cotton prices, phutti (seed cotton) prices moved higher and were being quoted in the range of Rs2,900-3,300 for Sindh quality and Rs3,000-3,400 for Punjab variety.

Higher cotton yarn prices were also adversely impacting yarn market as they threaten value-added textile industry’s viability.

Related Keywords: 000 per maund, build up inventories, buyers seen chasing quality cotton, cotton bales, cotton market on Thursday, intense demand, official spot rates increased, prices on ready counter, pushed cotton prices u, Renewed buying interest, seasonal peak level, Spinners, Textile Industry, touched Rs7

At cotton market on Thursday buyers seen chasing quality cotton in order to build up their inventories. This renewed buying interest pushed the cotton prices up to the seasonal peak level of Rs.7,000 per maund. Due to intense demand, prices on ready counter touched Rs7,000 per maund while official spot rates were increased by Rs100 to Rs6,600 per maund.

Short supply and fears of crop failure kept buyers panicky. There was strong demand but most deals could not be finalised owing to quality constraints.

Related Keywords: but at the lower level, cotton bales, Karachi Cotton Association, left spot rates unchanged, market still remained devoid of much needed trading activity, Pakistan cotton market, recovers part of recent losses, Renewed buying interest

Pakistan cotton market recovers part of the recent losses with renewed buying interest on Wednesday but at the lower level. However, the market still remained devoid of much-needed trading activity.

Cotton prices after touching a peak level came under correction on profit-selling but now once again started bouncing back on renewed buying interest, brokers said.

Sluggish off-take of cotton yarn and textile products are dampening sentiment but some needy spinners rushed to replenish their stocks to meet their immediate needs.

Related Keywords: cotton bales, Cotton market, Cotton prices rose by rupees two hundred to three hundred, imported Indian cotton issue, KCA, per maund, pushes cotton prices higher, ready counter, Renewed buying interest, seed cotton, spinners and some exporter, spot rate, textile industry perplexed mode

Renewed buying interest from spinners and some exporter at cotton market on Friday pushes cotton prices higher. Cotton prices rose by Rs200 to Rs300 per maund (around 37 kilograms).

There were higher trade deals which helped cotton prices recoup their recent losses and finished around Rs200 to Rs300 higher on the ready counter, brokers said.

The Karachi Cotton Association raised its spot rate by Rs100, to Rs6,300 per maund.