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Related Keywords: arrival of quality lint slow, cotton bales, Cotton market, leading mills and spinners, market sources, official spot rates, sluggish demand, unchanged, witnessed modest trading activity

Cotton market on Tuesday witnessed modest trading activity, dealers said. The official spot rates unchanged at Rs 6250. According to the market sources, arrival of quality lint was slow, which caused sluggish demand by leading mills and spinners.

As per dealers, the seed cotton prices in Sindh were at Rs 2600-3200 and in Punjab rates were at Rs 2800-3400, per 40 Kgs.

Cotton analyst, Naseem Usman said that the cotton yarn market continues to be sluggish, it looks that present trend may maintain for the near future..

Related Keywords: cotton yarn in domestic market, failed to attract buying from spinners, financial crisis faced by textile industry, foreign buying slow, KCA, kept prices steady, major factor affecting trading activity, Pakistan cotton market, sharp fall in cotton crop production, slow trading activity, sluggish demand, spot rate

Pakistan cotton market failed to attract buying from spinners on Saturday due to sharp fall in cotton crop production leaving the market with slow trading activity. The slow activity kept prices steady at overnight level and sluggish demand from spinners is expected to continue even for the rest of the season, according to floor broker.

The Karachi Cotton Association (KCA) spot rates also remained steady at overnight level.

Related Keywords: continue to import cotton, cotton and cotton yarn, keep production low, large spinning group, neighbouring country, Pakistan cotton market, see latest development, slow move in trading activity, sluggish demand, spinning mills remained away from making new deals, under utilization of capacity

Pakistan cotton market witnessed slow move in trading activity on Monday as some spinning mills remained away from making new deals to see latest developments. This indicates that demand is sluggish owing to under utilization of the capacity by the spinning industry. On the other hand, large spinning groups continue to import cotton from neighbouring country and this has also slowed down considerably. The slow off-take of cotton yarn is also forcing spinners to be cautious and keep their production low.

Related Keywords: confident to register profit, domestic availability of PTA, dumping by China, falling in crude oil prices, Indo Rama Synthetics Limited, industry needs government support, jack up utilization of installed capacity, largest polyester manufacturer in India, Plant at Butibori, posted losses in september ending quarter, sluggish demand

Indo Rama Synthetics Limited (IRSL), known as India's largest polyester manufacturer, which has a plant at Butibori industrial estate, the first investment in that area and employs a workforce of 3,000 at the Butibori plant has been in the red for last three years, posted losses in the quarter ending September too.