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Related Keywords: cotton price, cotton yarn, Pakistan cotton market, phutti, Spinners, Trading on ready counter, world market, yarn

Cotton prices in the local Pakistan market continued to remain under pressure on Monday because of slowdown in demand for yarn in line with the trend in world market.
 
Most of the cotton growing countries are expected to harvest bumper cotton crop this season are also keeping prices under pressure.

Besides, slow demand for cotton yarn in the domestic and world markets is also affecting rates.
 

Related Keywords: cotton trading, Mills, new crop, Pakistan cotton industry, Pakistan cotton market, Spinners

With mills and spinners taking interest in fresh deals little improvement was witnessed on Wednesday in the trading activity at the Pakistan cotton markets.
 
While there was no change seen in the official spot rate at Rs 6,300, the prices of seed cotton from Sindh was at Rs 3300 and Rs 3350, and in the Punjab rates jumped by Rs 100 to Rs 3400 and Rs 3350.
 

Related Keywords: cotton price, Pakistan cotton industry, Spinners

Spinners buying interest kept cotton prices at overnight inflated level on Thursday while ginners continued to show reluctance to dispose of their stocks which restricted trading volume. Moreover, from the outset spinners were keen to replenish their stocks ahead of closure on account of strike call on Friday (today

Related Keywords: cotton industry, cotton prices, interest revives, Spinners

Cotton prices rose higher on Thursday as buying interest revives from leading spinners. The ginners who had been reluctant to dispose of their stocks readily obliged buyers at higher price calls. However, trading remained focused on quality lint as spinners were keen to build upon their stocks to meet expected higher export commitments owing to free-market access to European Union and larger orders booked in Heimtextil fair in Germany, brokers said.

Analysts believe that higher off-take of cotton from spinners earlier this season has now left little stock with ginners.

Related Keywords: cotton, cotton industry, Spinners

The constant demand from leading spinners for quality cotton has maintained rising trend in lint prices. However, on the other hand slow arrivals of phutti (seed cotton) have kept trade volume from gaining momentum.

Consequently, there is constant rise in phutti prices which resulted in higher lint prices. The Punjab variety cotton is mostly being quoted between Rs6,800 to Rs7,300 per maund and phutti prices in the range of Rs3,000 to Rs4,000 per 40 kg.

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.