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Related Keywords: current major issue, global cotton prices, Import prospects are also diminishing, KCA, midst of short supply of quality lint, prices remaining steady, risen considerably, rising demand, slow trading activity, spot rate, Textile Industry, witnessed at cotton market

Slow trading activity witnessed at the cotton market with prices remaining steady in the midst of short supply of quality lint which is the current major issue with rising demand from textile industry.

Although many exporters of home textiles who participated in the recently concluded Heimtextil, Frankfurt trade fair returned with good number of orders from European, US and Middle Eastern buyers but this did not reflect in cotton trade.

Import prospects are also diminishing because India itself is faced with short crop while global cotton prices have also risen considerably.

Related Keywords: buyers purchased better grades, cotton seed, demand of better, KCA, major stations of Punjab and Sindh, physical prices strong, second grade of cotton, slightly higher price, spot rate, Trading sessio

During the trading session in major stations of Punjab and Sindh, the demand of better and second grade of cotton kept physical prices strong. Buyers purchased better grades of cotton at a slightly higher price at around Rs 7,550 per maund to Rs 7,625 per maund.

Buyers bought the commodity at a premium price while ginners made deals for second grade of lint in anticipating paucity in the forthcoming trading sessions at the lint market.

The physical prices would likely remain firm on paucity of better grades arrival of phutti (cottonseed) in ginneries.

Related Keywords: better grades at a slightly higher price, Buyers also made forward deals, cotton bales, Cotton market, for a month in anticipation, further increase in better stuff prices, KCA, leading buyer made deals, maintain inventories, shrinking of better grades of lint, spot rate, trading session

During the trading session at the cotton market due to shrinking of better grades of lint, leading buyer made deals for better grades at a slightly higher price to maintain their inventories. Buyers also made forward deals for a month in anticipation of a further increase in better stuff prices.

The physical prices remained steady and influx of phutti (cottonseed) in ginneries remained normal.

Related Keywords: 7 lakh cotton bales, anticipating rise in price, Cotton market, cotton prices scales, fast dwindling stock, Ginners, holding back stock, KCA, quality lint, ready market rates, rising demand, seasons new peak, spot rate, trading activity remain moderate

At the cotton market in the backdrop of fast dwindling stocks of quality lint amid rising demand, cotton prices scales to season’s new peak of Rs7,800 per maund on Friday. On the other end, ginners were holding back their stocks anticipating further rise in prices due to which trading activity remained moderate.

However, a big deal of 10,300 bales from Khanpur was finalised between a ginner and spinner at season’s high Rs7,800 per maund late in the evening. Another deal of 400 bales from Dherki was done at Rs7,700 per maund.

Related Keywords: 4 percent customs duty, 5 percent sales tax, buyers hoping government, cotton imports from first Jan, KCA, may cut duty and taxes or withdraw, moderate trading activity, needy spinners chasing quality lint, short supply disappointed many, spot rate, witnessed at the cotton market

Moderate trading activity was witnessed at the cotton market on Friday, with needy spinners chasing quality lint but short supply disappointed many. Most buyers preferring to mark time in the hope that the government may cut duty and taxes or withdraw 4 percent customs duty and 5percent sales tax on cotton imports from Jan 1, 2018, brokers said.

Related Keywords: cotton bales, Cotton market, demand for good quality local lint, due to holidays and bank closing, Karachi cotton exchange, low trading next week, remained stable, spot rate, trading activities

Trading activities at cotton market remained stable with demand for good quality local lint. According to analyst, trading activity would be low next week due to holidays and bank closing.

At the Karachi Cotton Exchange on Thursday, normal trading continue while spot rates remained unchanged.

The spot rates stood firm at Rs7,000/maund (37.324kg) and Rs7,502/40kg. Ex-Karachi rates also remained unchanged at Rs7,145/maund and Rs7,657/40kg after an addition of Rs145 and Rs155 as upcountry expenses, respectively.

Related Keywords: amid steady physical prices, Buyers made deals for better, cotton bales, Depleting stocks, focus on better grades of lint, KCE, kept quality conscious buyers, on front foot, premium prices, second grade of cotton, secondary buyers, Spinners, spot rate, trading at lint market

Depleting stocks kept quality conscious buyers on front foot with focus on better grades of lint amid steady physical prices during trading at lint market. Buyers made deals for better and second grade of cotton on premium prices at around Rs 6,725-Rs 6,675 per maund.

Demand for better grades of lint would likely keep sellers in the driving seat until the arrival of 100,000 cotton bales imported. Sellers were steadfast in negotiating on their asking prices on the back of shrinking quality during trading session at major stations of Punjab and Sindh.

Related Keywords: both buyers and sellers, buyers indulged in short covering, cotton bales, cotton market on Wednesday, KCA, KCE, near future demands, panic buying, past two days no longer evident, rationalised their approach, spot rate, steady conditions prevailed

Panic buying of the past two days was no longer evident as both buyers and sellers seemed to have rationalised their approach and steady conditions prevailed on the cotton market on Wednesday as buyers indulged in short covering for their near future demands.

Pakistan Central Cotton Committee’s (PCCC) review has set aside all fears and apprehensions that were afloat about the size of the crop in the light of heat wave, smog and fog impact, said Naseem Usman, chairman Karachi Cotton Brokers’ Forum.

Related Keywords: cotton bales, KCA, leading buyers, level of prices, market estimates, overall behavior at cotton market firm, prices began to stabilise, remained above import parity, spot rate, stayed away from trading ring

The overall behavior at cotton market on Thursday was firm and prices began to stabilise. Leading buyers stayed away from the trading ring . However, as per market estimates, the level of prices still remained above import parity.

The current spell of rains in Punjab is being reckoned to be healthy for standing cotton plants and could help improve production. However, leading spinners seemed to be unwilling to take any risk and are keen to import cotton once duty is withdrawn.

Related Keywords: 550 per maund on Thursday, another factor behind buying rush, coming weeks, cotton bales, Cotton market, imminent rupee devaluation, KCA, market talks suggest, millers fearing shortage of quality lint, price soared to two-month high, Rs6, spot rate, witnessed panic buying

Cotton market witnessed panic buying by millers fearing shortage of quality lint in coming weeks as the result pri¬ce soared to two-month high of Rs6,550 per maund on Thursday. However, market talks suggest of imminent rupee devaluation as another factor behind the buying rush.

Phutti (seed-cotton) arrivals remained robust meeting demand for quality cotton from spinners. The intense demand for cotton from spinners could well be judged for the fact that they purchased around 1.1 to 1.2 million bales more over the same period last year.