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Related Keywords: cotton market on Wednesday, crisis ridden textile mills, Karachi Cotton Association, kept its spot rates steady, Most textile mills, rather converting it into yarn, remained conspicuous by their absence, running out of working capital, spinners selling cotton from their stocks, started to shut down, witnessed slow trading activity

Cotton market on Wednesday witnessed slow trading activity as crisis-ridden textile mills remained conspicuous by their absence. Most textile mills running out of working capital have started to shut down, brokers said. The Karachi Cotton Association kept its spot rates steady.

Related Keywords: buyers were not ready to purchase lint, higher rates, industry is facing financial crisis, Karachi cotton exchange, shortage of such funds created liquidity crunch, slow trading to prevail for a few months, spot rate remained steady, unpaid refunds lying with government, witnessed slow trading activity

Karachi Cotton Exchange on Wednesday witnessed slow trading activity as buyers were not ready to purchase lint at higher rates. While, the spot rate remained steady.

Spot rate was unchanged at Rs6,700/maund (37.324 kg) and Rs7,180 /40-kg. Ex-Karachi rates also stood firm at Rs6,835/maund and Rs7,325/40-kg after an addition of Rs135 and Rs145 as upcountry expenses, respectively.

Karachi Cotton Exchange recorded only one transaction of 2,000 bales from Khanpur at Rs7,000/maund.

Related Keywords: arrival of fine quality slowed down, cotton bales, Cotton market, crises ridden cotton yarn market, ginners raise asking prices, high count yarn, KCA, official spot rate remained unchanged, seed cotton, Textile Industry, witnessed slow trading activity

As ginners keen on raising asking prices, dealers said the cotton market on Wednesday witnessed slow trading activity. The official spot rate remained unchanged at Rs 6250 . In Sindh, seed cotton prices were at Rs 2600-3250, while in Punjab, the phutti rates were at Rs 2800 and Rs 3500, as per 40 kg.

Related Keywords: APTMA, better quality from the current crop, few buying interest from spinners domestic cotton market, KCA, Pakistan cotton market, spot rate, unsold quantity of cotton, witnessed slow trading activity

The Pakistan cotton market on Thursday witnessed slow trading activity with few buying interest on the part of the spinners. The domestic cotton market is passing through a lackluster phase, moreover from the remaining 550,000 bales (155 kgs) of unsold quantity of cotton barely about 150,000 bales may be of better quality from the current crop (August 2015/July 2016), mills are hardly making any purchases.