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Related Keywords: buyers reluctant to make sizeable deal, cotton bales, ginning units, KCA, Lint market, on grade issue, remained lean, Spinners, spot rate, textile sector, though price low, trading activity

Trading activity remained lean as buyers were reluctant to make any sizeable deal though price was low at the lint market on grade issue, floor brokers said. Some spinners finalized deals of fine type to meet immediate need and around 200 bales changed hands.

The Karachi Cotton Association (KCA) spot rate remained firm at Rs 5,300 per maund. The volumes were slow with traders purchased just 200 cotton bales in the ready market of Sindh and Punjab at Rs 4,950 per maund to Rs 5,450 per maund.

Related Keywords: China, cotton bales, dull market seen, leading spinners kept on sidelines, Pakistan cotton market, process of trading, ready business, reduction in cotton cultivation, seed cotton, spot rate, top growing region

Dull market was seen on the cotton market on Tuesday as leading spinners kept on the sidelines in the process of trading. In the ready business, about 1400 bales of cotton changed hands at Rs 5550, dealers said.

In Sindh, prices of seed cotton at Rs 1600 and Rs 2800, in the Punjab, rates were at Rs 2000 and Rs 3000. The official spot rate remained unchanged at Rs 5,350.

As per the market sources, the spinners were not keen in making fresh deals because they are already facing losses due to high risk of doing business in absence of incentives by the government.

Related Keywords: declined, declined by hundred rupees per maund, domestic mills facing payments problems, import of cotton and yarn, KCA, local cotton markets in Pakistan, Pakistani millls form India, Plenary meeting of ICAC, price of better quality of lint, prices of lower grades of seed cotton, spot rate, textile circles, Trading activity slow

Trading activity on the local cotton markets in Pakistan has been slow as a tight money market in Pakistan with several domestic mills reported to be facing payments problems. Indeed imports of cotton and yarns by Pakistani mills, significantly from India, have also been reported. Textile circles reported that the industry has been in trouble since a long time now.

Inappropriate tax laws, delay in refund payments and continuing energy shortages like gas and power have been largely hampering the functioning of the Pakistan textile industry.

Related Keywords: capitalise maximum returns, cotton bales, Cotton growers, cotton growing belts, fine lint in demand, ginning units, KCA, Lint market, Mills in Sindh and Punjab stations, month period forward deals, physical prices firm, spot rate, textile sector, trading session

During the trading session, many buyers made deals in fine grade to strengthen their long positions in the lint market that kept physical prices firm. Trader at the Karachi Cotton Association (KCA) also said that some leading buyers made a month period forward deals for all grades on Saturday.

Related Keywords: buyers made deals for quality lint, cotton bales, domestic market, growing demand of cloth and yarn, KCA, leading mills and spinners, moderate trading activity, Pakistan cotton market, slightly higher prices, spot rate

At Pakistan cotton market trading activity remained moderate on Thursday, as buyers made deals for quality lint on slightly higher prices at around Rs 5,575 per maund during the trading session, said floor brokers.

In domestic market, buyers continued to keep an eye on quality lint on the back of growing demand of cloth and yarn.

The Karachi Cotton Association (KCA) spot rate unchanged Rs 5,400 per maund.

Related Keywords: Cotton growers, cotton growing belt, Cotton market, grade conscious buyers, KCA, kept physical prices firm, selective buying, Sindh and Punjab spinners, slightly higher price, spot rate, trading session

During the trading session grade-conscious buyers made deals on slightly higher price, while selective buying in lint market kept physical prices firm. Spinners in Sindh and Punjab stations bought all grades on cautious note as grade issue was continue. Traders offered all grades of lint on bargaining rates at around Rs 4,975 per maund to Rs 5,475 per maund in order to capitalize maximum returns on their proceeds on Friday.

Related Keywords: buyers making deals, Cotton market, domestic market, growing demand of cloth and yarn, KCA, moderate trading activity, Punjab ginners, quality lint, Sindh ginners, slightly higher prices, spot rate, trading session

Cotton market on Wednesday witnessed moderate trading activity with buyers making deals for quality lint on slightly higher prices at around Rs 5,375 per maund during the trading session. Roughly1000 bales changed hands. In domestic market, buyers would remain eye on quality lint on the back of growing demand of cloth and yarn.

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: buyer and sellers remained confused, Fall in US dollar value against the rupee, falling cotton prices, ginners disposed stocks, import parity of cotton improved, Karachi Cotton Association, mixed price trend, needy spinners seen buying, New York cotton market, rapid change in market behaviour, replenish stock, seed cotton, spot rate

Some needy spinners were seen buying at cotton market due to falling cotton prices on Tuesday to replenish their stocks. Due to short crop, cotton prices should have soared and activity should have been brisk, brokers said. However, the situation continued to be uncertain as buyers and sellers remained confused over the rapid changes in the market behaviour.

Fall in US dollar’s value against the rupee forced many ginners to dispose of their stocks in a hurry because import parity of cotton improved.

Related Keywords: cotton prices, decline in lint prices, ginners long position rushed to unload stock, KCA, lower, lower export orders for yarn, Pakistan cotton market, selling pressure, Spinners, spot rate

Cotton prices remained lower on Wednesday as ginners fearing further decline in lint prices having long position rushed to unload their stocks at Pakistan cotton market.

According to floor brokers, slow moving cotton demand from spinners in front of lower export orders for yarn and high prices of cotton compared to import parity kept prices under pressure.

The situation is highly perplexed because short crop and poor demand from China owning to high cost of Pakistani yarn against Indian and Vietnamese variety kept trading activity slow and restricted.