Slow trading activity witnessed at cotton market

News Tags: current major issue, global cotton prices, Import prospects are also diminishing, KCA, midst of short supply of quality lint, prices remaining steady, risen considerably, rising demand, slow trading activity, spot rate, Textile Industry, witnessed at cotton market

Karachi
Slow trading activity witnessed at cotton market
Summary: 
Slow trading activity witnessed at the cotton market with prices remaining steady in the midst of short supply of quality lint which is the current major issue with rising demand from textile industry.

Slow trading activity witnessed at the cotton market with prices remaining steady in the midst of short supply of quality lint which is the current major issue with rising demand from textile industry.

Although many exporters of home textiles who participated in the recently concluded Heimtextil, Frankfurt trade fair returned with good number of orders from European, US and Middle Eastern buyers but this did not reflect in cotton trade.

Import prospects are also diminishing because India itself is faced with short crop while global cotton prices have also risen considerably.

https://www.dawn.com/news/1383177/commodities-slow-trading-on-cotton-market
0

Physical prices remain firm on demand at cotton market

News Tags: buyers purchased better grades, cotton seed, demand of better, KCA, major stations of Punjab and Sindh, physical prices strong, second grade of cotton, slightly higher price, spot rate, Trading sessio

Karachi
Physical prices remain firm on demand at cotton market
Summary: 
During the trading session in major stations of Punjab and Sindh, the demand of better and second grade of cotton kept physical prices strong. Buyers purchased better grades of cotton at a slightly higher price at around Rs 7,550 per maund to Rs 7,625 per maund.

During the trading session in major stations of Punjab and Sindh, the demand of better and second grade of cotton kept physical prices strong. Buyers purchased better grades of cotton at a slightly higher price at around Rs 7,550 per maund to Rs 7,625 per maund.

Buyers bought the commodity at a premium price while ginners made deals for second grade of lint in anticipating paucity in the forthcoming trading sessions at the lint market.

The physical prices would likely remain firm on paucity of better grades arrival of phutti (cottonseed) in ginneries.

https://dailytimes.com.pk/179100/physical-prices-remain-firm-demand-trading-cotton-market/
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

Price continue to soar with shortage of quality lint

News Tags: 100 per maund, anticipating prices, cotton bales, creating artificial shortage, Ginners, highest for ongoing season, KCA, move higher in coming days, rates of commodity soaring to Rs8, reap bigger profits, Rising cotton prices continued, shortage of quality lint, spot rates, started to hold back stocks

Karachi
Price continue to soar with shortage of quality lint
Summary: 
Rising cotton prices continued with shortage of quality lint unabated on Tuesday, with rates of the commodity soaring to Rs8,100 per maund – the highest for the ongoing season so far. Brokers said that ginners have started to hold back their stocks, anticipating that the prices would move higher in coming days, creating artificial shortage and they would reap even bigger profits.

Rising cotton prices continued with shortage of quality lint unabated on Tuesday, with rates of the commodity soaring to Rs8,100 per maund – the highest for the ongoing season so far. Brokers said that ginners have started to hold back their stocks, anticipating that the prices would move higher in coming days, creating artificial shortage and they would reap even bigger profits.

https://www.dawn.com/news/1380397/cotton-price-soars-to-rs8100-per-maund
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

Trading activity at cotton market remained modest

News Tags: 4 percent customs duty, 5 percent sales tax, buyers hoping government, cotton imports from first Jan, KCA, may cut duty and taxes or withdraw, moderate trading activity, needy spinners chasing quality lint, short supply disappointed many, spot rate, witnessed at the cotton market

Karachi
Trading activity at cotton market remained modest
Summary: 
Moderate trading activity was witnessed at the cotton market on Friday, with needy spinners chasing quality lint but short supply disappointed many. Most buyers preferring to mark time in the hope that the government may cut duty and taxes or withdraw 4 percent customs duty and 5percent sales tax on cotton imports from Jan 1, 2018, brokers said.

Moderate trading activity was witnessed at the cotton market on Friday, with needy spinners chasing quality lint but short supply disappointed many. Most buyers preferring to mark time in the hope that the government may cut duty and taxes or withdraw 4 percent customs duty and 5percent sales tax on cotton imports from Jan 1, 2018, brokers said.

https://www.dawn.com/news/1378241/moderate-activity-on-cotton-market
0

Steady conditions prevail at cotton market

News Tags: both buyers and sellers, buyers indulged in short covering, cotton bales, cotton market on Wednesday, KCA, KCE, near future demands, panic buying, past two days no longer evident, rationalised their approach, spot rate, steady conditions prevailed

Karachi
Steady conditions prevail at cotton market
Summary: 
Panic buying of the past two days was no longer evident as both buyers and sellers seemed to have rationalised their approach and steady conditions prevailed on the cotton market on Wednesday as buyers indulged in short covering for their near future demands.

Panic buying of the past two days was no longer evident as both buyers and sellers seemed to have rationalised their approach and steady conditions prevailed on the cotton market on Wednesday as buyers indulged in short covering for their near future demands.

Pakistan Central Cotton Committee’s (PCCC) review has set aside all fears and apprehensions that were afloat about the size of the crop in the light of heat wave, smog and fog impact, said Naseem Usman, chairman Karachi Cotton Brokers’ Forum.

https://www.dawn.com/news/1372222/cotton-rates-firm-up-as-crop-size-fears-ruled-out
0

Cotton activity remain firm as prices began to stabilize

News Tags: cotton bales, KCA, leading buyers, level of prices, market estimates, overall behavior at cotton market firm, prices began to stabilise, remained above import parity, spot rate, stayed away from trading ring

Karachi
Cotton activity remain firm as prices began to stabilize
Summary: 
The overall behavior at cotton market on Thursday was firm and prices began to stabilise. Leading buyers stayed away from the trading ring . However, as per market estimates, the level of prices still remained above import parity.

The overall behavior at cotton market on Thursday was firm and prices began to stabilise. Leading buyers stayed away from the trading ring . However, as per market estimates, the level of prices still remained above import parity.

The current spell of rains in Punjab is being reckoned to be healthy for standing cotton plants and could help improve production. However, leading spinners seemed to be unwilling to take any risk and are keen to import cotton once duty is withdrawn.

https://www.dawn.com/news/1370949/cotton-prices-stabilise
0

Cotton market witnessed prices soaring to two month high

News Tags: 550 per maund on Thursday, another factor behind buying rush, coming weeks, cotton bales, Cotton market, imminent rupee devaluation, KCA, market talks suggest, millers fearing shortage of quality lint, price soared to two-month high, Rs6, spot rate, witnessed panic buying

Karachi
Cotton market witnessed prices soaring to two month high
Summary: 
Cotton market witnessed panic buying by millers fearing shortage of quality lint in coming weeks as the result pri¬ce soared to two-month high of Rs6,550 per maund on Thursday. However, market talks suggest of imminent rupee devaluation as another factor behind the buying rush.

Cotton market witnessed panic buying by millers fearing shortage of quality lint in coming weeks as the result pri¬ce soared to two-month high of Rs6,550 per maund on Thursday. However, market talks suggest of imminent rupee devaluation as another factor behind the buying rush.

Phutti (seed-cotton) arrivals remained robust meeting demand for quality cotton from spinners. The intense demand for cotton from spinners could well be judged for the fact that they purchased around 1.1 to 1.2 million bales more over the same period last year.

https://www.dawn.com/news/1366471
0

Rising trend in cotton prices seen over panic buying for quality lint

News Tags: cotton bales, cotton prices on Tuesday, Ginners, KCA, panic buying, phutti, quality issues continue to haunt, quality lint from buyers, remaining high, Rising trend seen, seed cotton arrivals, Spinners, spot rate, Textile Industry

Karachi
Rising trend in cotton prices seen over panic buying for quality lint
Summary: 
Rising trend seen in cotton prices on Tuesday with panic buying for quality lint from buyers. With Phutti (seed-cotton) arrivals remaining high, quality issues continue to haunt the textile industry.

Rising trend seen in cotton prices on Tuesday with panic buying for quality lint from buyers. With Phutti (seed-cotton) arrivals remaining high, quality issues continue to haunt the textile industry.

Growers have been raising phutti prices against which ginners were forced to increase cotton prices. On ready deals, prices moved higher to Rs6,500 per maund. Resultantly, official rates were also adjusted upward.

https://www.dawn.com/news/1366017
0
 
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