News Tags

Related Keywords: amid a decline in production, increase in cotton demand, Karachi cotton exchange, mills going for more buying, Normal trading, spot rate, surge in consumption, Trading at cotton market stable

Trading at cotton market stable with increase in cotton demand as mills are going for more buying, amid a decline in production and surge in consumption.

At the Karachi Cotton Exchange on Tuesday witnessed normal trading with spot rates remaining unchanged.

KCE recorded domestic transactions of around 5,000 bales in between Rs6,700/maund to Rs7,000/maund from six stations that included Fort Abbas, Dharanwala, Maroot, Haroonabad, Hasilpur and Mian Channu.

Related Keywords: according to their immediate need of lint, anticipation of a decline of spot rate, back of the grade issue, forward trading, grade issues, Karachi Cotton Association, leading buyers remained selective, market sentiments were firm, other buyers made deals, second grade lint, spot rate

The leading buyers remained selective on grade issues while other buyers made deals according to their immediate need of lint on the back of the grade issue and in anticipation of a decline of the spot rate. The market's sentiments were firm on forward trading, traders at the Karachi Cotton Association (KCA) said.

During the trading session, buyers of Sindh and Punjab stations made deals for better grades on a cautious note, while sellers offered all grades of lint at around Rs 5,975 per maund to Rs 6,425 per maund in order to capitalize maximum returns on their proceeds, brokers said.

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.

Related Keywords: assured delegation of All Pakistan Textile Mills Association, better prices in future, cotton bales, Cotton market, Cotton yarn market, cut gas tariff, ginners reluctant to sell stock, in line with global trend, KCA, millers holding quality cotton, spinning units, spot rate, Sui Northern Gas Company, Trading ring in Pakistan

Talks in the trading ring in Pakistan have confirmed that in a recent meeting the Sui Northern Gas Company has assured a delegation of All Pakistan Textile Mills Association (Aptma) to cut gas tariff by 28 per cent.

There were some big-lot deals of buying and selling from many millers who tried to get hold of quality cotton, but ginners were generally reluctant to sell their stock in the hope of getting better prices in future.

Related Keywords: amid easing physical price, Buyers made selective deals on day basis, dull trading, forward deals in second grade lint, high demand despite meager supply, KCA, paucity of better grades, spot rate, witnessed at lint market

Dull trading was witnessed at lint market on paucity of better grades amid easing physical price, traders said. Buyers made selective deals on day basis and forward deals in second grade lint due to which it remained in high demand despite meager supply, floor brokers said.

Also leading buyers made one month forward deals for better grade during trading in Punjab and Sindh stations.

The buyers bought all grades at around Rs 5,000 per maund to 6,200 per maund, traders at the Karachi Cotton Association (KCA) said.

Related Keywords: all grades, Brisk demand, buyers made forward deals, cast positive on trading, Cotton market, fine and second grade lint, ginning activities, Improved activities in cotton growing belts, Karachi Cotton Association, market in firm frame past week, spot rate, textile and spinning sectors, traders, trading activity moderate

Brisk demand for fine and second grade lint kept trading activity moderate at cotton market on Saturday. Moreover buyers made forward deals in all grades that kept market in firm frame past week, said traders at Karachi Cotton Association (KCA).

The KCA kept the spot rate at Rs 6,500 per maund while fine grade fetched better prices at around Rs 6,600 per maund on higher demand.

Related Keywords: amid improved exports, continued to book big lot deals, cotton prices hit to a seasonal high, deals in Sindh variety cotton were transpired, for new crop, KCA, local market remained highly volatile, meet rising demand, Pakistan cotton market, panicked spinners, slow arrivals of phutti, spot rate

As panicked spinners continued to book big-lot deals to meet their rising demand amid improved exports, cotton prices hit to a seasonal high for new crop on Thursday at cotton market.

The local market also remained highly volatile as slow arrivals of phutti (seed cotton) failed to meet a surge in cotton demand from spinners, influenced by global factors of a big gap between demand and supply, brokers said.

Most deals in Sindh variety cotton were transpired at Rs6,350 per maund (around 38 kilograms) and that of Punjab quality at Rs6,400 per maund.

Related Keywords: bargaining prices, blending purpose, buyers made cautious deals for second grade lint, domestic market, Ginners, insignificant demand from leading buyers, KCA, Pakistan cotton market, spot rate, textile sector, Trading activity remain dully

Trading activity remained dull at the cotton market on insignificant demand from leading buyers. According to floor brokers, buyers made cautious deals for second grade lint for blending purpose on bargaining prices at around Rs 5,300 per maund during the trading session. Around 200 bales changed hands.

The Karachi Cotton Association (KCA) corrected the spot rate downward by Rs 50 per maund to remain at Rs 5,750 per maund.

Related Keywords: cotton producing countires, heavy buying witnessed, helped cotton prices recover recent losses, KCA, meet near future needs, needy spinners, Pakistan cotton yarn, pushed cotton prices higher, ready counter, ready market trend, rushing back to replenish their stock, spot rate

With needy spinners rushing back eagerly to replenish their stocks to meet their near-future needs, heavy buying was witnessed which helped cotton prices to recover recent losses. The steady flow of buying pushed cotton prices higher on ready counter.

Also fear of disruption in phutti (seed cotton) supply from cotton fields into ginneries owing to expected heavy rains in the coming days generated buying activity.

Related Keywords: accelerated local market, Cotton market, increasing interest of Indian spinning mill owners, increasing trend in its prices, KCA, Pakistani cotton, prices in both Indian and Pakistani markets, short supply of cotton, slowed down trading activity, spot rate, strong demand from spinners, yet brisk trading

Although short supply of cotton to some extend slowed down the trading activity at the cotton market yet brisk trading was seen on Friday amid strong demand from spinners. Cotton brokers said that increasing interest of Indian spinning mill owners in Pakistani cotton has accelerated the local market.

The Karachi Cotton Asso¬ciation, however, reduced its spot by Rs50, to Rs5,550 per maund.

According to cotton brokers, July will be very crucial month in connection with the cotton as there is an increasing trend in the prices of cotton in the Indian cotton market.