Cotton prices at the global front remained stable with little bearish sentiment. It was expected after the latest USDA demand and supply report as no major change has been projected in global cotton production and consumption.
Pakistan Cotton Prices also remained firm and stable especially for the medium grade specification. while for the fine quality cotton prices remained firm as ginners were not ready to sell good quality cotton at lower level. Imported cotton parity was encouraging the ginners to remain firm as devaluation of Pak rupee against dollar has made it nearly difficult for spinner to use any other option and they are bound to return to buying from local market. PCGA (Pakistan Cotton Ginners Association) has also issued its first report for the cotton season 20/21, which is also threatening and showing huge difference in total arrival figures as compare to the last year same period report. PCGA report is also given below for better Understanding.
Data of PAKISTAN COTTON as on 18-09-2020
Arrival This year 10,35,194
Arrival Last year 18,52,409
—————-
Diffrence – 817,215
Export Cotton 10,800
*L.year Export * 30,725
—————
*Diffrence * – 19,925
Textile Cotton 821,640
L.Year Textile 15,53,612
—————-
Diffrence – 731,972
This year Stock 202,754
Last year stock 268,072
—————-
Diffrence – 65,318
Press 53,878
L.Year 85,381
—————
Diffrence – 31,503
Phutti 148,876
L.Year 182,691
—————-
Diffrence – 33,815
T.Y 14 night flow 268,072
L.Y 14 night flow 496,699 —————
Diffrence – 228,627
Factories in operation 283
Last year in operation 403
———–
Diffrence – 120
Cotton prices in India and China also remained stable to little soft following the ICE futures as New York Cotton Futures closed with minor down trend. December future closed with -21 points indicating some stability at international front.
Therefore cotton yarn prices in Indian, China, Pakistan, Vietnam and India also remained unchanged with minor changes in few yarn counts due to demand and supply factor. Weaving mills are also under pressure due to lesser sales. Although mills are asking higher prices for fabrics but on receipt of any firm bid they are ready to negotiate and want to grab the fabric orders to run their production flow.
Cotton Index Closings
NYC-CLOSED
Dec65.66-0.19
Mar66.58-0.21
May67.35-0.20
July68.01-0.17
TOTAL VOL 16672-LOTS
KCA:8700+00
Index-A:71.65-0.00
Brazil:58.68-0.36
INDIA:17880-100 & S-6:36000-00
CHINA:12465-30 & CC:12803+30
Pakistan Cotton Sales Report
PUNJAB
D.G.Khan > 200 bls 9400 – BALOCHI
RajanPur > 200 bls 9000
Faqeerwali > 200 Bls 8950
Haroonabad > 1200 Bls 8950 / 9000
FortAbbas > 400 bls 8950
ChiChaWatni > 500 bls 8600 / 8900 – AQ
Ghaziabad > 200 bls 8900
Jahania > 200 bls 8900
KasoWal > 100 bls 8900
Khanewal > 600 bls 8900
Shadan-Lund > 400 Bls 8900
Chistian > 400 bls 8850 / 8900
MianChanu > 200 bls 8775 + 200 bls 8800
Vehari > 800 bls 8600
Ghar-Mahraja > 200 bls 8525
Hasilpur > 200 bls 8500
Layyah > 400 bls 8500
&
SINDH
RaniPur > 600 bls 8500 – BCI
Sarari > 200 Bls 8300
Shahdadpur > 800 Bls 8200 / 8225 / 8300
Tando-Adam > 1600 bls 8200 / 8250 / 8300
Maqsoodo > 200 Bls 8250
Indian Cotton Prices
Indian Cotton Rates/356kg
Shankar’6 : 36500 -100
Bunny : 36800 + 0
MECH-1 : 35900 + 0
MCU-5 : 37300 + 0
J-34 : 35300 + 0
Y-1 : 30500 + 0
H-4 : 35600 + 0
V-797 : 22500 + 0
NHH-44 : 28200 + 0
LRA-5166 : 29200 + 0
DCH-32 : 37600 + 0
Jayadhar : 24700 + 0
B/Deshi(RG) : 35600 + 0
B/Deshi(SG) : 36300 + 0