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Related Keywords: Cotton market, cotton price, fine quality, lowering price, official spot rate, Pakistan cotton market, Pakistani ginners, seed cotton rates, surplus cotton, trading activity, yarn price

With Pakistani ginners not lowering prices of fine quality and the official spot rate remaining unchanged at Rs 4,850, no visible change was seen in the present outlook on the cotton market on Thursday.

Trading activity came down as ginners were not ready to oblige the mills because rates offered by mills were not matching with their psychological levels. Cotton analyst, Naseem Usman said that overall sluggish trend in the world market is also an adding factor behind the falling business.

Related Keywords: absence of buying interest, attending textile fair in Frankfurt, fine yarn, Leading spinners, Pakistan cotton market, quality cotton, raw cotton, trading activity

Trading activities at the cotton market on Tuesday in the absence of buying interest remain slow. There were only a few small lot deals from some mills as most leading spinners are abroad to attend a textile fair in Frankfurt, Germany.

Many spinners participating in the forthcoming textile fair in Frankfurt, Germany, are expecting to get good business. As a result, much of buying remained around quality cotton required to produce fine yarn and high quality made-ups, brokers said.

Related Keywords: Ashura holidays, buying cotton, cotton prices, mills and spinners, Pakistan cotton market, procurement price, stability in rates, TCP, trading activity

Pakistan cotton market witnessed good business with mills and spinners continued buying on expectations of increase in prices in times to come, on Friday. According to Market sources, no major change in the prices seen after the TCP's announcement of procurement price at Rs 6864 per maund to bring stability in the rates

Related Keywords: Cotton market, cottonseed, hectic buying, Karachi Cotton Association, Phutti arrivals, spinning mill owner, trading activity

Some hectic buying was witnessed on the cotton market from spinning mill owners ahead of Eidul Fitr holidays due to which there was some improvement seen in trading activity on Thursday.

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Phutti arrivals could not improve as growers were reluctant to sell their produce at lower prices, but there were some weaker links among them trying to sell at prevailing low rates to meet their Eid-related expenses.
 
Deals were finalised at Rs5,850 and Rs6,000 in Punjab and Rs5,800 and Rs5,950 in Sindh.
 

Related Keywords: cotton, Karachi cotton market, new crop, trading activity

Karachi cotton market failed to see any trading activity; in fact officially no deal was recorded. The Karachi Cotton Association (KCA) spot rates also remained unchanged. But it is likely to witness brisk trading activity with the arrival of new crop.

Presently, the Pakistani millers are going through shortage of quality lint as most of the stocks held by ginners are mostly of lower quality from last crop.

Cotton fields have reported that crop in both Sindh and Punjab so far is maturing normally.

Related Keywords: cotton industry, cotton prices, trading activity

With ginners asking higher prices for quality lint amid firm demand from millers, trading activity on Wednesday cotton market failed to gain momentum.

Brokers said that prices remained on the higher side due to tight phutti supply and strong demand for lint from spinners. They added that presently phutti stocked by growers is finding its way to ginneries, otherwise, very little has been left behind in the cotton fields.

Related Keywords: cotton, Karachi cotton market, Textile Industry, trading activity

After four days of dull and slow trading activity, new and transformed buying interest was observed on the cotton market on Friday with some ginners rushing to set out of their stocks at rising prices.

Many spinners who were keen to replenish their stocks with quality lint readily paid up deals even at higher prices which help generate trading activity.