Insipid conditions continue at cotton market

News Tags: cotton bales, cotton market on Thursday, depressed local market, domestic market, falling world cotton prices, ginners keen to enter into deals, grey cloth, insipid conditions continue, KCA, KCE, kept spinners away from trading ring, little buying interest, Sluggish off-take of cotton yarn, spot rate

Karachi
Insipid conditions continue at cotton market
Summary: 
The sluggish off-take of cotton yarn and grey cloth in the domestic market has kept spinners away from the trading ring. With little buying interest, insipid conditions continue at the cotton market on Thursday. Though ginners were keen to enter into deals but falling world cotton prices have further depressed the local market.

The sluggish off-take of cotton yarn and grey cloth in the domestic market has kept spinners away from the trading ring. With little buying interest, insipid conditions continue at the cotton market on Thursday. Though ginners were keen to enter into deals but falling world cotton prices have further depressed the local market.

https://www.dawn.com/news/1389685/commodities-lethargy-continues-on-cotton-market
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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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Slow and restricted trading seen at cotton market

News Tags: barring a few small and needy spinners, cotton market on Tuesday, cotton yarn, dull trading, KCA, KCE, Poor demand for lint. leading spinners, spot rate, trading activity slow and restricted, trading ring gave a deserted look

Karachi
Slow and restricted trading seen at cotton market
Summary: 
Due to poor demand for lint from leading spinners. Barring a few small and needy spinners, the trading ring gave a deserted look which keep trading activity slow and restricted at the cotton market on Tuesday.

Due to poor demand for lint from leading spinners. Barring a few small and needy spinners, the trading ring gave a deserted look which keep trading activity slow and restricted at the cotton market on Tuesday.

Sluggish off-take of yarn locally and falling world cotton prices continued to depress lint rates. Leading spinners already having long positions were conspicuous by their absence.

At the Karachi Cotton Association (KCA) spot rates were firm at overnight level of Rs7,000 per maund.

https://www.thenews.com.pk/print/280652-cottonunchanged
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Prices declined further at cotton market

News Tags: absence of buying interest, came under pressure and moved lowered, decline in cotton prices, falling cotton prices, Ginners, KCA, local spinners, phutti (seed cotton), spot rate

Karachi
Prices declined further at cotton market
Summary: 
The absence of buying interest from local spinners witnessed further decline in cotton prices on Thursday. Due to falling cotton prices, phutti (seed cotton) also came under pressure and moved lowered.

The absence of buying interest from local spinners witnessed further decline in cotton prices on Thursday. Due to falling cotton prices, phutti (seed cotton) also came under pressure and moved lowered.

Ginners are perturbed by the situation as they are still holding substantial quantity of unsold cotton. Barring a few needy spinners who replenished their stocks, the market otherwise remained devoid of activity.

A large number of looms are reported to have shutdown in Faisalabad owing to the flooding of grey cloth coming from India and China via Dubai.

https://www.dawn.com/news/1388196/cotton-prices-fall
0

Prices remain under pressure at cotton market

News Tags: downward trend, influenced by world cotton market, Karachi Cotton Association, kept cotton prices under pressure, lack of buying interest, local textile industry, lower level, market remained devoid of much needed activity, revival of buying interest, second consecutive day on Wednesday, spot rate

Karachi
Prices remain under pressure at cotton market
Summary: 
The lack of buying interest from local textile industry influenced by world cotton markets’ downward trend, kept cotton prices under pressure for the second consecutive day on Wednesday. Although there was a revival of buying interest at the lower level yet the market remained devoid of much-needed activity.

The lack of buying interest from local textile industry influenced by world cotton markets’ downward trend, kept cotton prices under pressure for the second consecutive day on Wednesday. Although there was a revival of buying interest at the lower level yet the market remained devoid of much-needed activity.

https://www.dawn.com/news/1388009/lacklustre-trading-on-cotton-market
0

Cotton prices continues to slip

News Tags: amid slow demand from spinners, CCI, cotton bales, Cotton prices continued to slide, KCA, on Wednesday at cotton market. Ginners holding substantial stocks, rapidly falling prices, spot rate, suffer huge losses, third consecutive session, unsold cotton

Karachi
Cotton prices continues to slip
Summary: 
Cotton prices continued to slide for the third consecutive session amid slow demand from the spinners on Wednesday. Ginners holding substantial stocks of unsold cotton and with rapidly falling prices are likely to suffer huge losses.

Cotton prices continued to slide for the third consecutive session amid slow demand from the spinners on Wednesday. Ginners holding substantial stocks of unsold cotton and with rapidly falling prices are likely to suffer huge losses.

Cotton broker Adil Naseem said that the declining lint price trend indicated that a weaker US dollar against other leading currencies is impacting commodity prices.

https://www.dawn.com/news/1386543/cotton-prices-slip
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Cotton prices moving further lower

News Tags: after dull trading activity cotton market, cotton bales, cotton prices, falling cotton prices, impacted phutti negatively, KCA, KCE, moving further lower on Tuesday, Punjab quality, Sindh variety, Spinners, spot rate, Textile spinning sector

Karachi
Cotton prices moving further lower
Summary: 
Cotton prices moving further lower on Tuesday after dull trading activity at cotton market. Falling cotton prices also impacted phutti (seed cotton) negatively, with Punjab quality being quoted between Rs2,700-2,900 and Sindh variety in the range of Rs2,700-3,300 per 40kg. Previously phutti prices were being quoted between Rs2,900-3,500 per 40kg.

Cotton prices moving further lower on Tuesday after dull trading activity at cotton market. Falling cotton prices also impacted phutti (seed cotton) negatively, with Punjab quality being quoted between Rs2,700-2,900 and Sindh variety in the range of Rs2,700-3,300 per 40kg. Previously phutti prices were being quoted between Rs2,900-3,500 per 40kg.

However, some buying interest was noted at the lower level as many spinners preferred to cover up their positions amid falling cotton prices.

https://www.dawn.com/news/1386280/cotton-prices-fall
0

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

Prices of better grades of cotton in green

News Tags: better grades of lint, Buyers anticipating upward change in prices, cotton bales, KCA, kept physical prices stable, made forward deals of better grades, major stations of Punjab and Sindh, remained on the higher side, Spinners, spot rate, trading session, trading volumes in second grade of cotton, upcoming trading sessions

Karachi
Prices of better grades of cotton in green
Summary: 
Better grades of lint kept the physical prices stable while trading volumes in second grade of cotton remained on the higher side during the trading session in major stations of Punjab and Sindh.

Better grades of lint kept the physical prices stable while trading volumes in second grade of cotton remained on the higher side during the trading session in major stations of Punjab and Sindh.

Buyers in anticipation of an upward change in prices in the upcoming trading sessions made forward deals of better grades. Buyers made forward deals for a month period at around Rs 6,550 per maund and Rs 6,600 per maund.

Buyers purchased commodity at a premium price and mills consolidated their inventories in anticipating paucity in coming trading sessions at lint market.

https://dailytimes.com.pk/187313/cotton-trading-remains-grade-selective-amid-stable-physical-prices/
0

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
 
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