With majority of textile mill-owners staying busy with year-end closing activities trade turnover of cotton remained at two months low at 3,200 bales (of 155 kilogram each), said dealers on Saturday.
The Karachi Cotton Association reported traders bought 3,200 bales at Rs4,900-5,500/maund (37.324 kilogram) as compared to 11,635 bales bought at Rs4,900-5,600/maund on the previous working day (Wednesday).
According to Naseem Usman, a broker at Karachi Cotton Exchange, the trade activities would remain close next week as well with textile mill-owners busy clearing {cotton} import payments of banks ahead the year-end closing on December 31. Increased buying may take place only next year {January 2016}.
In fact the outgoing week witnessed depressed buying due to additional holidays on accounts of 12th Rabi-ul-Awal and Quaid-e-Azam birth anniversary on Thursday and Friday, respectively
The LYCRA Company is presenting a range of new fibre technologies, focusing on performance, comfort and the use of recycled…
The German Institutes of Textile and Fiber Research Denkendorf is exploring how retired wind turbine blades could be turned into…
University of Texas has developed a textile treatment made from corn-derived protein and beeswax to help fabrics resist water and…
Researchers have developed a recycling process to break down polyester in blended textiles while preserving cotton and spandex present in…
Researchers have developed a two-step process that can remove up to 99.3% of colour from reactive-dyed cotton while keeping most…
Schülke, Nitto, Indorama Ventures and Polymateria have launched a new biodegradable disposable wash mitt in Germany, Switzerland, Austria and Spain.