Due to rise in the demand from the textile industry, the cotton market maintained an upward trend on Saturday with most of the buying confined to premium quality lint at Rs6,000/maund, dealers said.
According to cotton dealers, around 6,400 bales of cotton by different traders in Sindh and Punjab were finalised at an average price of Rs5,500/maund. However, the low quality cotton was being traded somewhere around Rs4,000/maund.
Spinning mills seem busy in short covering, as demand for yarn and textiles starts picking up momentum.
Meanwhile, the Karachi Cotton Association kept the official spot rate unchanged at Rs5,650/maund, or 37.324 kilogram.
Dealers anticipate the commodity to remain trade at the support level of Rs6,000/maund next week.
Avavav has continued its exploration of innovative materials by presenting new garments made with recycled viscose pulp from OnceMore during…
Vegea has increased the production capacity of its biobased material, GrapeSkin, as interest grows in alternatives to fossil-based and animal-derived…
Puma has announced a partnership with Chinese materials company Shincell to develop the next generation of its NITRO running foam.
Thermore, a company in thermal insulation, has introduced Ecodown Fibers T2T. The new free-fibre insulation is produced entirely from recycled…
Eurojersey, Lycra have collaborated to launch Empowered Play, a new approach to functional apparel where technical performance and comfort come…
Graphene-X has introduced its first women’s clothing collection, expanding its use of graphene-integrated fabrics beyond the men’s and unisex products.