Aug '08
During the past two weeks, the market remained in the tight grip of traders.
On the August 11, the spot rate at Karachi Cotton Association moved again to a lower position on the ranking slot and the settlement declared at Rs4050 per maund with a decrease of Rs100.
According to Mr Ghulam Rabbani, Director of Karachi Cotton Association, on this day, around 1000 bales of Tando adam traded in Rs4100; 1000 bales of Shahdad pur sold at Rs4100; 600 bales of Sultanabad sold at Rs4000; 800 bales of Sanghar at Rs4100; 200 bales of Bahawal nagar at Rs4100 while another contract of 200 bales concluded in Bahawal nagar at Rs4150.
The spot rate at KCA, on August 12, climbed down once again and the settlement declared at Rs4100 per maund with a decrease of Rs50. In the domestic market 2100 bales of Tando adam traded in Rs4090 to Rs4125. 1300 bales of Shahdad pur sold at Rs4100; 400 bales of Hala sold at Rs4100; 1000 bales of Sanghar traded at Rs4100; 300 bales of Hyderabad sold at Rs4100; 100 bales of Tando at Rs4100; 200 bales changed hands in Sinjhoro sold at Rs4100; 700 bales of Bahawal nagar sold at Rs4125 to Rs4150.
Around 400 bales of Bure wala sold at Rs4150 to Rs4200. Near about 200 bales of Qaboola traded at Rs4150. 400 bales of Pak pattan traded in Rs4150, while in another contract 200 bales of arif wala sold at Rs4200.
The market was brimming with higher demand on August 13, forcing the prices up by Rs 50 per maund, to touch Rs4,125 at the KCA spot market.
In all, on this day, about 8,000 lint bales were traded. Around 6,000 lint bales exchanged hands from Sindh in the price-range of Rs4,070 to Rs4,125 per maund while 2,000 bales were transacted in Punjab with in the range of Rs4,125 to Rs4,200.
Although, new cotton is arriving in the market, but high requirement from the spinners and the millers, is making it insufficient to meet the demand.
When the market opened on August 15, after Independence Day holiday, the KCA spot rate stayed unchanged at Rs4125 per mound.
Due to some political ups and downs, market slowed down on August 18, and dullness and lack of interest from buyers prevailed at the market. However, spot price from KCA stood at Rs4,200 per mound, that remained unchanged since August 16.
The spot rate from KCA eased on August 20, and plunged by Rs175 per mound to touch Rs4,075 per mound, and climbed down to Rs4,025 per mound, reflecting a down fall by another Rs50 per mound.
The prices rebounded back on August 23, to touch Rs4,125 per mound. For the next two day spot prices remained unchanged.
Presently, the spot rates at the Karachi Cotton Association (KCA) remained firm at Rs4,125 per maund and demand for fine lint moved on to the higher side.
For complete quotation of today's price click here
Fibre2fashion News Desk - India
Must ReadView All
Textiles | On 18th Oct 2017
Sutlej Textiles adds American Silk Mills to its portfolio
Sutlej Textiles and Industries Ltd (STIL) has announced the...
Apparel/Garments | On 18th Oct 2017
Arvind to set up mega apparel facility in Gujarat
Arvind Limited, one of India’s largest textile to retail...
Textiles | On 18th Oct 2017
Cotton stocks accumulating everywhere outside of China
Global cotton stocks outside of China are expected to rise by nearly...
Interviews View All
Divyesh Mashruwala
Akshar Industries
Surat dominates foiling, embossing and pleating
Mohammad Mamun Ar Rashid
UL VS Bangladesh Ltd
Productivity, creativity and innovation play a vital role in the growth of ...
Md Hanifur Rahman
Aman Group
The level of understanding the job role and organisational requirements...
Komal Texfab, founded in 1981, is into manufacturing of knitted fabrics,...
New Delhi-based Jogindra Industries Private Limited provides an assortment ...
Oswal Prints Private Limited has been manufacturing and exporting ethnic...
Kevin Nelson
TissueGen
Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...
Urs Stalder
Sanitized AG
Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...
Mohammad Hassan
Biax Fiberfilm
About one in every 20 patients picks up an infection while hospitalised....
Karan Arora
Karan Arora
Bridal couture created with rich Indian heritage, exquisite craftsmanship...
Akta Adani
India Boulevard
India Boulevard is a San Francisco-based curated fashion marketplace that...
Rupa Sood and Sharan Apparao
Nayaab
Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...
Recommended
news category
Related Categories:
Do you think the sustainability space has the needed tools and resources available for a business to lead change?
Yes No SkipActive Poll
Do you see sustainability as a route to business growth?
YesTotal Votes: 66
Do you think adopting a sustainable approach will be a profitable move for your business?
Yes No SkipActive Poll
Do you think the sustainability space has the needed tools and resources available for a business to lead change?
YesTotal Votes: 66
Do you want the world to know about your sustainability journey and your business’ environmental footprint?
Yes No SkipActive Poll
Do you think adopting a sustainable approach will be a profitable move for your business?
YesTotal Votes: 66
Thanks for your valuable feedback. Claim your free latest sustainability e-book.
Active Poll
Do you want the world to know about your sustainability journey and your business’ environmental footprint?
YesTotal Votes: 66
E-News Insight
Latest News Update in Your Mail Box.
