Home / Knowledge / News / Textiles / Spinners prefer buying fine lint amid firm spot rate
Spinners prefer buying fine lint amid firm spot rate
16
Feb '11
Fine lint continued to draw the attention of spinners in the middle of firm spot rate and strong physical prices in the cotton market.

The Karachi Cotton Association (KCA) spot rate has remained stagnant at Rs 11,500 per maund whereas the physical prices of cotton lint stood at about Rs 13,500 per maund in the midst of soaring demand for fine lint.

In Punjab stations, the spinning mills purchased lint of all grades at competitive prices hovering around Rs 13,600 per maund whereas in lower Sindh stations, ginners who have held back fine lint, have raised their asking rates above Rs 13,500 per maund.

Most of the cotton traders in Punjab stations continued to remain optimistic about the rise in lint prices in the upcoming trading sessions. The ginning activity in the upper Sindh region has almost come to a standstill as cottonseeds are no longer arriving and only 5 percent of the ginners are engaged in ginning the cottonseeds from the existing stocks.

Major spinning mills from the Sindh region have entered into contracts with ginning units in Punjab in order to get delivery of cotton lint every month with surplus transportation charges.

This is likely to raise the production cost of yarn and fabric manufacturers but owing to the higher requirements of yarn, the producers are somehow managing to reap marginal profits in order to keep their units running. The local banks are also hesitant in raising the credit limits due to the stagnant spot rate, which is further causing scarcity of money to the buyers as well as ginners.

Mills-to-mills trading of cotton lint also took place in Punjab as several medium and small sized factories purchased lint to fulfill their demand.

Most of the cotton trading took place at the price range of Rs 11,550 per maund and Rs 13,000 per maund on the basis of the grade that had been traded.

Trading in the upper Sindh region took place at Rs 13,000 per maund whereas in Punjab, the spinning as well as the textile units continued to remain the volume leaders as they traded 24,600 bales which accounts for 85 percent of the total lint that had been traded.

The commercial exporters from the private sector bought fine lint but only in small amounts owing to its scarcity. The New York Futures is reflecting a higher trend and has also increased the prices of cotton in the global market.

The New York Futures Market March contracts 2011 remained at 186.05 cents per pound and May stood at 183.05 cents per pound whereas Cotlook A Index stayed at a much higher level at 217.30 cents per pound.

Fibre2fashion News Desk - India


Must ReadView All

UNIDO, eWTP discuss strengthening ties to back e-commmerce

Textiles | On 25th Apr 2018

UNIDO, eWTP discuss strengthening ties to back e-commmerce

United Nations Industrial Development Organisation director general...

Courtesy: HueTrap

Apparel/Garments | On 25th Apr 2018

Making sustainability affordable is a big challenge

In a lot of instances, being sustainable comes with an additional...

Courtesy: Formosa Petrochemical Corporation

Textiles | On 25th Apr 2018

Formosa to set up petrochemical plant in Louisiana

Formosa Petrochemical Corporation has selected St. James Parish in...

Interviews View All

Giovanni Pizzamiglio, Paolo Crespi & Riccardo Robustelli
Epson, For.Tex & F.lli Robustelli

‘The percentage share of printing in the global textile market is pretty...

Jim Desai
Blaiva Fabricaa

Fashion industry likely to remain labour-intensive in coming years

Manuj Terapanthi
Texaura

Transparent supply chain and fair trade will boost sustainable market

Harsh Shah

Established in 1956 with a small beginning, Embee today manufactures a...

Abhishek Pachauri

Reckon Industries adapts latest systems for manufacturing from designing...

Erik Sy

Manila-based CustomThread is a start-up offering premium custom apparel...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Anisha Chaudhari
Threads & Shirts

Threads & Shirts is a freshly-tailored concept providing men/women a...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


April 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
69.9%
No
12.6%
Skip
17.5%

Total Votes: 103

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
63.1%
No
29.1%
Skip
7.8%

Total Votes: 103

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.4%
No
8.7%
Skip
3.9%

Total Votes: 103

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?

Yes
82.5%
No
7.8%
Skip
9.7%

Total Votes: 103


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search