Market Report – Pakistan 30 Nov 2020


In Last week, moderate business activity was seen, only needy buyers and spinners showed interest in buying of local cotton. Leading buyers were interested in import of cotton due to the deprecation of USD vs Pak rupees.
The country’s cotton production is steadily declining. This year’s cotton production is lower than the last 30 years, which will be barely 6 million bales. However, due to the revival of the textile sector, the demand of cotton is increasing. According to the importers of cotton up till now import agreements of more than 3 million bales were signed while there is a need of around 6 to 7 million bales of worth 5 billion dollars.

Prices were remained on same levels and no major change was seen due to moderate business activity in local cotton market. The price of good quality cotton was in range of Rs. 8800~9600. KCA remained stable at the level of Rs. 9,450/maund.

Over all bullish trends was witnessed in international cotton market. Fluctuation was seen in Rate of New York Cotton which was after reaching the highest level of 75 American cent reached at 74 American cents. According to the weekly export report of USDA exports were increased by 64 % and under its influence the Rate of Promise may increase further in coming days. The rate of cotton over all remained stable in Brazil, Argentina and in Central Asian states while fluctuation was seen in the rate of cotton in India.

The statistics released by Pakistan Cotton Ginners Association till November 15 shows an alarming decline of 2.8 million bales which is 41.47 % less as compared to more than 6.8 million bales produced till November 15 last year.
The price of cotton in Sindh is in between Rs. 8600 to Rs. 9500 per maund. The price of Phutti in Sindh is in between Rs. 3700 to Rs 4600 per 40 kg. The price of cotton in Punjab is in between Rs. 8800 to Rs 9650 per maund. the price of Phutti in Punjab is in between Rs 3900 to 4700 per 40 kgs. The price of Phutti in Overall prices of cotton were in the range of USC 66~74 Lbs. (8600~9650/ maund).

  Opening Of the Week Closing Of the Week Change
Lowest 66.00 66.00 0.00
Highest 73.00 74.00 1.00


Crude Oil prices opened at USD 43.06 with high level as compared to last week closing figures.

In this week, crude oil price showed upward trend , while dropped in last session hence, closed on positive side at the end of week.

In last day of the week, Crude Oil price closed at USD 45.53 with increase of USD 2.47 cents as of opening figure of week.

  Opening of Week Closing Of Week Change
Price 43.06 45.53 2.47


In last week values of Pak rupee appreciated against US Dollars in both Interbank and open markets.

At the end of week, Euro closed on a positive note with figure of 1.20 and British Pound also closed on positive note with figure 1.33 against USD.

  Selling Buying
LC Sight 159.36 159.31
LC 120 Days 158.83 158.78
Open Market 161.40 157.71


New York Cotton futures opened on lower levels on Monday as compare to previous week’s closing figures.
NYCF showed downward sentiment in this week, although recovered slightly on closing but remained closed on negative side by the end of week.

At last day of the week, MAR 2021 closed at 73.24 with downward of 56 points.

At last day of the week, MAY 2021 closed at 74.06 with drop of 59 point.

At last day of the week, JUL 2021 closed at 74.71 with decrease of 53 point.


Domestic yarn prices remain stable from last week with limited buying activity. Due to shortage of Organic cotton in region, good demand was noticed in 30/1cd and 40/1cm yarn. Coarse count was supported by Siro export sale which stabilized market. Currently mills are sold for two weeks and getting day to day sale as well and not much pressure expected in upcoming days.

PSF prices was remained stable during last week ended. PTA, MEG prices were stable after stable prices of crude oil in international market and same followed by International polyester fiber. For next week, prices are expected to remains stable and firm or increase Rs.2/kg.

Faisalabad trading market was slow in buying and limited trade was made in all counts of cotton yarn. Blended yarn was also in average demand, and limited sale was reported in all counts.

Following are current asking prices of yarn in local market based on ex mills:

Count Price US$/Bale
16/1 CD 465 – 480
20/1 CD 485 – 510
30/1 CD 540 – 565
20/1 CM 555 – 565
30/1 PC 52:48 420 – 440
40/1 CM 680 – 700
60/1 CM 950 – 970
80/1 CM 1215 – 1305


Export yarn market showed good business activity with gain in prices. It has been observed that customers from all the regions remained active and have placed handsome quantity orders.

Chinese customers lifting the major share as usual and have booked Siro with increased levels of 3-4% in last week.
This has pushed yarn prices upward and suppliers are not showing any flexibility. Good quality suppliers are booked till end Jan and offering February deliveries whereas average quality suppliers are offering mid January onward shipments.

It is expected that price will remain firm and stable with tendency to increase further by 2-3% in days to come.
We might see firm and stable market in days to come with slight fluctuation in prices both side.

Chinese customers remained in market and placed handsome quantity orders this week which pushed prices once again on higher side. European customers kept on checking prices for normal as well as specialized yarns. However, order materialization was slow.

Count Korea Hong Kong Taiwan Japan
16/1 CD 480 – 490 480 – 490 480 – 490 480 – 490
20/1 CD 500 – 510 500 – 510 500 – 510 500 – 510
20/1 CM 555 – 565 555 – 565 555 – 565 555 – 565
30/1 CD
30/1 CM 575 – 585 575 – 585 575 – 585 575 – 585
32/1 CM 595 – 605 595 – 605 595 – 605 595 – 605
24/2 CD 565 – 576 565 – 575 565 – 575 565 – 575


In current week under review, overall market showed slow sentiments and week closed with limited trading activity though flow of inquiries improved for both narrow and wider width fabrics.

Buyers floated bulk inquiries in the market but shared bids approx 4~5% lower than asking prices of the weavers therefore limited confirmations reported in the market for both narrow and wider width fabrics. Keeping in view current market sentiments in some cases weavers reduced their inflows to confirm orders. Still weavers are not feeling any pressure and have comfortable booking in hand.

In narrow width major weavers are booked till end Mid-January’21 to End January’21 whereas they have covered their wider width looms till end February’21 and offering onward deliveries. Its pertinent to mention here that Looms for 1/1 weave are booked till mid~3rd week February’21.
Local fabric prices of regular items are as follows.

Construction Price US$/YD Ex Mill
20CDX16CD/128X60 –  63″  3/1 ”S” TWILL PAK CTN 1.20 – 1.22
16X12/108X56 63″  3/1 1.30 – 1.32
20CDX20CD/108X58 63″  3/1 ”S” TWILL PAK CTN 0.98 – 1.00


Improved business activity was seen in Far Eastern markets as most of the customers has shown their interest in fresh buying towards end of the week. Bulk order inquiry was received from Korea and China however the orders are still under discussion which expected to finalize in a day or two. Average number of inquiries were received from Indonesia, Japan and Bangladesh.

Asking prices were stable with firm tone by the suppliers. Currently good suppliers are booked till end of Jan and offering early ~ mid Feb onward deliveries. 1/1 plain order deliveries from end Feb ~ early March onward.

There was good number of inquiries from European customers resultant decent booking with the selected suppliers both in narrow and wider width.

Asking prices for wider width remains stable and firm due to firmness in raw material prices. Wider width suppliers are booked till end of Feb and offering March onward deliveries. Limited inquiries were received from USA market but no considerable business was reported.

Following were the closing rates based on CNF Far Eastern ports :

Construction Price US$/YD CNF Far East
20CDX16CD/128X60 –  63″  3/1 ”S” TWILL PAK CTN 1.20 – 1.22
16X12/108X56 63″  3/1 1.32 – 1.34
20CDX20CD/108X58 63″  3/1 ”S” TWILL PAK CTN 1.00 – 1.02


Bedding and Towels manufactures functioning with their maximum capacity and looms are booked till February 2021. Factories are not ready to reduce any further prices in goods as prices of cotton and yarn still firm. However, factories are ready to negotiate for coming year orders. As most of the countries are imposing lockdown which impact slow activity in market. We are expecting flow of inquiries and orders in coming year as holidays season will be off.


Inquiry flow and product development communication from customers in EU and US with Pakistan garment factories were observed in recent past. Despite the second wave of Covid-19 which created a bit unclear and wait and see mode, activities did not stop. Factories have space to offer deliveries from March onward according to the type of the garment and order size.

On the global front, US is planning to impose new tariffs, quotas and other restrictions on imports from Vietnam by January 2021. This could result in shift of business to other South East Asian countries including Pakistan.


In the local cotton market, stable business was witnessed. Most of the buyers tried to import cotton. It seems that prices may flare up in case that mills show interest in local cotton buying.

Local yarn is expected to remain stable in prices and will follow on raw cotton prices for next season. Further price trends will be according to demand and supply of different counts which will lead price level.

Export yarn market will remained firm and stable with tendency to improve further if demand showed further surge. Suppliers are under comfortable zone and not showing any panic selling.

Local fabric market sentiments were lower in orders although the flow of inquiries was good. Prices remained stable during the week and suppliers shown their interest to lower than profit margins to get orders.

Export fabric business remained mixed during the week and expected to improve in coming days both for Far Eastern and Europe in narrow and wider width.

Bedding and towel industry is running with full capacity and expected to have good orders in coming days. The delivery lead time is 90 days onward.

Pakistani garment factories have orders in hand which are fulfilling their production capacities. Deliveries for the new orders are being offered from ninety days lead time.


  1. Umair Khan AfridiDecember 27, 2020

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    1. Mahnoor TariqOctober 3, 2022

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