Dull trading activity continues at cotton market

News Tags: adding lint to their inventory, amid uncertain outlook, Barring a few deals finalised, Cotton market, discouraged spinners, KCA, kept to the sidelines, lackluster on Wednesday, leading buyers, slow demand for cotton yarn and grey cloth, some small spinners, spot rate, trading activity, value-added textile sector

Karachi
Dull trading activity continues at cotton market
Summary: 
The trading activity at cotton market remained lackluster on Wednesday as leading buyers kept to the sidelines amid uncertain outlook. Barring a few deals finalised by some small spinners. Slow demand for cotton yarn and grey cloth from the value-added textile sector discouraged spinners from further adding lint to their inventory.

The trading activity at cotton market remained lackluster on Wednesday as leading buyers kept to the sidelines amid uncertain outlook. Barring a few deals finalised by some small spinners. Slow demand for cotton yarn and grey cloth from the value-added textile sector discouraged spinners from further adding lint to their inventory.

There are strong indications that the current cotton season could be shorter than normal as very little phutti (seed cotton) has been left behind in the fields.

https://www.dawn.com/news/1389416/commodities-insipid-conditions-on-cotton-market
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Chinese Spinning Mills exploring Africa

News Tags: Chinese companies, confronted with rising wages, Cotton market, fast increasing level of investment in Africa, higher energy bills, important customers, largely focused on large projects, major players in worlds textile market, mounting logistical costs, quotas on import of cotton, textile production in China

Wetzikon
Chinese Spinning Mills exploring Africa
Summary: 
Chinese companies are the major players in the world’s textile market and important customers in the cotton market are fast increasing their level of investment in Africa. They have been largely focused on large projects as textile production in China is today confronted with rising wages, higher energy bills and mounting logistical costs, as well as quotas on the import of cotton.

Chinese companies are the major players in the world’s textile market and important customers in the cotton market are fast increasing their level of investment in Africa. They have been largely focused on large projects as textile production in China is today confronted with rising wages, higher energy bills and mounting logistical costs, as well as quotas on the import of cotton.

http://www.textileworld.com/textile-world/weaving-spinning/2018/01/chinese-spinning-mills-exploring-africa-loepfe-talked-with-ms-zhou-ye-jun-president-of-wuxi-no-1-cotton-mill/
0

Extremely slow trading activity seen at cotton market

News Tags: buyers stayed away, cotton bales, cotton inventories, Cotton market, extremely slow tone, falling cotton prices in the world markets, KCA, no transactions, slow off take of yarn, spot rate firm, Trading activity resumed, week opened, yarn market

Karachi
Extremely slow trading activity seen at cotton market
Summary: 
Trading activity resumed on an extremely slow tone as the week opened at the cotton market as buyers stayed away due to slow off take of yarn and falling cotton prices in the world markets.

Trading activity resumed on an extremely slow tone as the week opened at the cotton market as buyers stayed away due to slow off take of yarn and falling cotton prices in the world markets.

Although the SRO for waiver of duty and taxes on lint imports was issued by the government last week, spinners are now facing a new quandary as cotton yarn prices started to decline due to lack of buying from the value-added textile sector.

According to cotton broker Naseem Usman, the spinners have huge cotton inventories, due to which the yarn market has suddenly become depressed and slow.

https://www.dawn.com/news/1386138
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Sluggish trading at cotton market

News Tags: cotton bales, Cotton market, global cotton market, KCA, kept to the sidelines, Leading spinners, major factor for poor performance, slow off take of cotton yarn, Slow trading witnessed, spot rate

Karachi
Sluggish trading at cotton market
Summary: 
Slow trading witnessed at the cotton market on Wednesday as leading spinners kept to the sidelines. Overall, the undertone was weak and outlook uncertain. However, some market reports suggest that slow off-take of cotton yarn was a major factor for poor performance of the cotton market.

Slow trading witnessed at the cotton market on Wednesday as leading spinners kept to the sidelines. Overall, the undertone was weak and outlook uncertain. However, some market reports suggest that slow off-take of cotton yarn was a major factor for poor performance of the cotton market.

Trading resumed on overnight dull tone, impacted by the issuance of an statutory release order (SRO) waiving duty and taxes on import of cotton.

https://www.dawn.com/news/1385061/slow-trading-on-cotton-market
0

Falling world cotton prices kept trading activity slow moving

News Tags: backdrop of falling world cotton prices, Cotton market, Ginners, lack of buying interest, leading buyers, Leading spinners, not deterred with falling prices, pushed cotton prices lower, remained steadfast, Slow moving trading activity, withdrew to sidelines

Karachi
Falling world cotton prices kept  trading activity slow moving
Summary: 
Slow moving trading activity was seen at cotton market on Wednesday as leading buyers withdrew to the sidelines in the backdrop of falling world cotton prices. The lack of buying interest from leading spinners further pushed cotton prices lower. However, ginners on their part remained steadfast and were not deterred with falling prices.

Slow moving trading activity was seen at cotton market on Wednesday as leading buyers withdrew to the sidelines in the backdrop of falling world cotton prices. The lack of buying interest from leading spinners further pushed cotton prices lower. However, ginners on their part remained steadfast and were not deterred with falling prices.

At the Karachi Cotton Association (KCA) spot rates were adjusted downward to Rs7,500 per maund.

0

Cotton prices stabilizing with renewed buying interest

News Tags: Cotton market, cotton prices, fairly moderate activity, Ginners, import options, Karachi Cotton Association, replenished stocks at lower level, revival of buying interest, Spinners, spot rates unchanged, substantial export orders, trading ring

Karachi
Summary: 
Cotton prices stabilizing on Tuesday at cotton market with the revival of buying interest at the lower level. Many small- and medium-sized spinners actively rep­lenished their stocks at the lower level. Consequently, fairly moderate activity was noted when trading ring closed. How­ever, activity remained res­tricted as many leading spin­­ners looked for import options.

Cotton prices stabilizing on Tuesday at cotton market with the revival of buying interest at the lower level. Many small- and medium-sized spinners actively rep­lenished their stocks at the lower level. Consequently, fairly moderate activity was noted when trading ring closed. How­ever, activity remained res­tricted as many leading spin­­ners looked for import options.

0

Selective buying witnessed at cotton market

News Tags: 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

Karachi
Selective buying  witnessed at cotton market
Summary: 
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.

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.

https://dailytimes.com.pk/174163/buying-cotton-market-remains-selective-shrinking-better-grades/
0

Cotton price rise to season's new high of Rs7,800

News Tags: 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

Karachi
Cotton price rise to season's new high of Rs7,800
Summary: 
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.

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.

https://www.dawn.com/news/1379573/cotton-scales-seasons-new-peak-of-rs7800
0

Cotton price continued to remain unchanged

News Tags: cotton bales, Cotton market, cotton price remained firm, demand for quality lint, Karachi cotton exchange, slow trading activity, unchanged spot rates

Karachi
Cotton price continued to remain unchanged
Summary: 
At the Karachi Cotton Exchange on Thursday, slow trading activity was witnessed also the spot rates remained unchanged at Rs7,000/maund (37.324kg) and Rs7,502/40kg.

At the Karachi Cotton Exchange on Thursday, slow trading activity was witnessed also the spot rates remained unchanged at Rs7,000/maund (37.324kg) and Rs7,502/40kg.

Ex-Karachi rates also stood firm at Rs7,145/maund and Rs7,657/40kg after an addition of Rs145 and Rs155 as upcountry expenses, respectively.

The cotton market recorded only 10 transactions of around 1,500 bales at a price of Rs6,300 to Rs7,500/maund. Notable transactions were recorded from Daharki, Ghotki, DG Khan, Jahanian, Faqirwali, Haroonabad and Bahawalnagar.

https://www.thenews.com.pk/print/261708-cotton-unchanged
0

Slow down in trading activity at cotton market

News Tags: cotton bales, Cotton market, December closing, Karachi Cotton Association, Karachi cotton exchange, kerb market, second grade of cotton, slow down in trading activity, Spinners, spot rates remained unchanged, trading remained slow

Karachi
Slow down in trading activity at cotton market
Summary: 
Cotton market witnessed slowed down in trading activity due to December closing. At the Karachi Cotton Exchange on Tuesday, trading remained slow, while spot rates remained unchanged.

Cotton market witnessed slowed down in trading activity due to December closing. At the Karachi Cotton Exchange on Tuesday, trading remained slow, 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.

https://www.thenews.com.pk/print/260971-cotton-firm
0
 
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