Market Report -Pakistan 7th May 2021


Last week in local cotton market, Trading volume remained very low because textile sector is not taking interest in buying of cotton amid increasing threats of lock down during the third wave of coronavirus. Ginners had left the stock of hardly 50,000 bales. They will sell it steadily to the needy mills. Almost all ginning factories were closed.
Most of the buyers are focusing on import of cotton due to the availability and viability, less stock of local cotton is left with ginners therefore leading buyers are taking interest in import of cotton. Sowing has started in the lower areas of Sindh and day by day sowing is increasing. Moreover, in Punjab harvesting of wheat is completed and after leveling of field sowing of cotton has started.

Prices were remained firm on same levels and KCA spot rate also closed on same level at 11300\maund. Price level was at the level of Rs 10500 to 11500 per maund, while there was no activity. ICE cotton futures rose in this week on concerns over lower supplies of the natural fibre crop and a lower dollar. The US dollar dipped, potentially lifting cotton demand from buyers paying with other currencies.

The European Parliament has adopted a resolution calling for a review of the GSP+ status granted to Pakistan in 2014 keeping in view the “alarming” increases in the use of blasphemy accusations in the country as well as rising number of online and offline attacks on journalists and civil society organizations. After the adoption of the resolution by European Parliament Pakistani textile industry was in a shock. Pakistan’s 25 percent cotton export is to EU, if the EU has taken back the GSP plus status from Pakistan it will have a severe impact on the economy of Pakistan.

According to final fortnightly report of Pakistan Cotton Ginners Association (PCGA) for the cotton season 2020-21 released on Monday, total arrival is of 56,45,967 bales. Punjab arrival figures stood at 3.5 million or 3,509,798 bales while Sindh contributed over 2.1 million or 2,136,169 bales. Indicate the shortfall then stood at 34.16 per
cent compared to corresponding period i.e year 2020, when arrivals were recorded 8.57 million bales.

The price of cotton in Sindh is in between Rs 10,500 to Rs 11,000 per maund. The price of Phutti in Sindh is in between Rs 5000 to Rs 5300 per 40 kg. The price of cotton in Punjab is in between Rs 10,500 to Rs 11,500 per maund. The price of Phutti in Punjab is in between Rs 4800 to 6000 per 40 kgs. The price of Phutti in Overall prices of cotton were in the range of USC 83~91 Lbs. (10500~11500/ maund).

Local market remained dull , no business activity observed from 4~5 weeks, although we are short of stock now due to which most of the buyers are trying to import.

Opening Of the Week Closing Of the Week Change
Lowest 83.00 83.00 0.00
Highest 91.00 91.00 0.00


Crude Oil prices opened at USD 64.49 with higher level as compared to last week closing figures.

In this week, crude oil price rose in next session later dropped till 2nd last session of the week, hence closed on positive side at the end of week.

In last day of the week, Crude Oil price closed at USD 64.71 with increase of USD 0.22 cents as of opening figure of week.

Opening of Week Closing Of Week Change
Price 64.49 64.71 0.22


In last week values of Pak rupee slightly depreciated against US Dollar’s, other major currencies showed mix trend in both Interbank and open markets.

At the end of week, Euro closed on a positive note with figure of 1.21 and British Pound also closed on positive note with figure 1.39 against USD.

Selling Buying
LC Sight 152.60 152.55
LC 120 Days 152 151.95
Open Market 154.63 151.07


New York Cotton futures opened with slightly higher levels on Monday as compare to previous week’s closing figures.

NYCF showed mix trend in this week and closed on positive side by the closure of 2nd last session of week.

At last day of the week, MAY 2021 closed at 90.58 with upward of 272 points.

At last day of the week, JUL 2021 closed at 88.72 with rose of 170 point.

At last day of the week, OCT 2021 closed at 86.72 with increase of 152 point.


Liverpool Index A was opened at 91.90 with lower level from previous week’s closing figure.

In this week Index “A” mix trend was seen, moreover closed at positive side by the 2nd last session of the week.

At last day of the week, LPI “A” closed at 92.30 with the increase of 40 points.

Opening of the Week Closing of the Week Change
Index A 91.90 92.30 0.40
Index B 0.00 0.00 0.00


Local yarn market remained stable with limited business activity. Prices were stable during this week and buyers booked yarn against their urgent dispatches need before Eid Holidays. Currently no mill has stock and have two weeks sale in hand.

PSF prices were stable during the week. PTA, MEG prices and crude oil prices remained stable in international market. For next week, prices are expected to remained soft and stable.

Faisalabad trading market was average in buying and limited trade was made in all counts of cotton yarn. Fine counts demand was slow due to end of season and viscose yarn demand being started due to staring of season sharp after Eid. Blended yarn and PV yarn prices was also slow and limited sale was reported in all counts.

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

Count Price in Pak Rupees / 10 LBS Price US$/Bale
16/1 CD 2098 – 2289 550 – 600
20/1 CD 2213 – 2403 580 – 630
30/1 CD 2671 – 2766 700 – 725
20/1 CM 2594 – 2728 680 – 715
30/1 PC 52:48 1908 – 2079 500 – 545
40/1 CM 3491 – 3586 915 – 940
60/1 CM 4635 – 4883 1215 – 1280
80/1 CM 5913 – 6142 1550 – 1610


Export yarn market remained under improved business activity as customers floated good numbers of enquiries.
Order confirmation has been improved against enquiries with good pace. Suppliers also showed interest against any reasonable bid to catch the order. If we look at the over all sentiment in market, it is getting better as market moving towards stable note.

Cotton prices in international market are continuously improving which also putting impact on local cotton prices.
Customers were silent since long time but now, they are getting involve in buying.

prices are getting firm and stable as suppliers are following the cotton prices and increasing their prices. it is expected that market will show another phase of good buying in days to come.

Many suppliers have cut the production of Siro and shifting to domestic market as price is much better there.
European customer have also floated handsome numbers of enquiries and we might see another phase of buying.
So, as expected, market is getting settled and business activity will start in end of April onwards.

Count USD / Bale
16/1 CD 600 – 610
20/1 CD 610 – 620
20/1 CM 650 – 660
16/1 CM 640 – 650
20/2 CD 625 – 635
24/2 CD 655 – 665


The local fabric market remained firm and slow throughout the week for both narrow and wider width fabrics in current week under review. Once again finishing units could not share bulk inquiries actively and shared limited inquiries in both narrow and wider width fabrics and resultantly limited business materialization reported in the market.

Weavers kept their asking prices same as per last week however ready to negotiate any reasonable firm bid. Though New York cotton dropped but it has no impact on fabric prices.

Currently weavers are booked till 3rd week June’21 ~ end June’21 in narrow width and covered their wider width looms till mid July’21 and offering onward deliveries.

Construction Price US$/YD Ex Mill
20CDX16CD/128X60 –  63″  3/1 ”S” TWILL PAK CTN 1.48 – 1.50
16X12/108X56 63″  3/1 1.59 – 1.61
20CDX20CD/108X58 63″  3/1 ”S” TWILL PAK CTN 1.17 – 1.20


Another week went slow in row of slow demand from end customers. Limited inquiries were exchanged during the week however no bulk buying was witnessed from Far Eastern customers. China had holidays hence no inquiry was received.

Asking prices remained stable and firm however it gets strong once again towards end of the week following by NYCF trend. Currently good suppliers are booked till end of June and offering mid July onward deliveries whereas average suppliers are still offering end June deliveries for narrow width.

Limited number of inquiries were received from European and USA buyers however customers were mainly checking prices thus no bulk buying was reported during the week.

Wider width prices were stable during the week however the upward trend was noticed towards end of the week. Suppliers are booked till mid of July and offering end July ~ mid Aug onward deliveries.

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 1.50 – 1.52
16X12/108X56 63″  3/1 1.60 – 1.62
20CDX20CD/108X58 63″  3/1 ”S” TWILL PAK CTN 1.18 – 1.20


Bedding and Towel manufacturers are well booked for the coming months despite the high raw material cost, this partly to do with reasonable demand inflow from foreign markets for replenished programs and whites tenders. The prices are being offered at increased levels of 5 to 7% as compared to the prices quoted in the last quarter of 2020. NYCF has contributed a lot in spiking the prices of raw materials.

The latest delivery is being offered at 90 to 100 days.


Garment factories in Pakistan are fully operational with the orders in hand mainly for FW21 season. Some big factories have got placements for the whole year program from world’s famous brands. It was reported that Boohoo Group which is UK’s largest fast fashion online retail has observed sales soar by more than 40% for the full year even during Covid-19 period. Further more it is also heard that UK will start opening up its markets in phases from June onward. This will have its trickle down effect in supply chain for further orders inflow in Pakistan.

US importers have also placed bulk orders with Pakistani factories and kept their production capacities filled. On average factories have space to offer deliveries from August onward with a firm price sentiment due to firmness in raw material prices.


About future market it is expected that yarn prices will be determine according to NYCF. Further yarn prices trends will be according to demand and supply of different yarn counts which will lead price level.

Going forward we expect that Local fabric market will remain volatile in coming weeks but no sharp drop in prices is expected in near future. The business activity will remain dead due to coming Eid festival holidays.

Export yarn market is firm and stable with good business activity. Customers from all regions are buying actively and showing interest in future placements as well. So, prices will remain firm and stable with tendency to improve further.

Export fabric markets remained slow during the week due to slow demand from end customers. Prices were stable however it get upward towards end of the week.

With current price levels remaining stable, further order bookings for home textile are expected in the coming days as the foreign buyers have accepted the levels and are placing orders of bedding and towel products.

With the third wave of Covid-19 demand for garments has surged and kept the factories operational overall. It is expected that orders inflow will increase as demand for athletic wear and leisurewear has increased globally.

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