Market Report- Pakistan 14th November 2022


During the last week in the local cotton market, slow business activity was seen. Buyers didn’t show interest. Last week international prices were on the downward side, hence market remained confused and buyers didn’t take decisions about future buying. On the same side, demand for textile products remains dull, buyers float inquiries to check the supplier sentiments but orders couldn’t materialize.

Ginners have a stock with them, but the rose in international prices didn’t help and ginners are facing a
continuous loss. They have had old stock with higher prices with them.

China is by far the largest cotton yarn importer and thus a major driver of global cotton lint consumption. China’s spinning mills do not produce enough yarn for the production of fabric that is ultimately cut and sewn into apparel, and therefore, the gap in yarn supply is supplemented by imports. This calendar year, yarn imports have plunged. From January to September 2022, China’s imports of cotton yarn fell by nearly half from the same period last year. This decline is equivalent to roughly 3.5 million bales of cotton lint and is the lowest level in more than a decade. Lower yarn imports and domestic cotton consumption are driven in part by domestic COVID lockdowns, foreign trade policies barring imports of China’s cotton products, and slowing global demand for apparel. Slower domestic and foreign demand for China’s apparel is exhibited by slowing domestic apparel sales and cotton product exports, which each fell 5 percent in January-September 2022 compared with the previous year.

Global production is down 1.6 million bales from the previous month to 116.4 million, largely owed to
production falling 700,000 bales in Pakistan. This is the third consecutive month Pakistan production has fallen and is supported by weak arrivals data. Global stocks are forecast down slightly this month but higher than the previous year. Consumption is down 650,000 bales with lower projected use in major consuming countries including Pakistan and Bangladesh and this is the sixth consecutive global decline. Global trade is down slightly, led by a decline in Bangladesh, but remains higher from the previous year. The U.S. balance sheet shows slightly higher production and ending stocks relative to the previous month. Production is projected at 14.0 million bales, up over 200,000 compared with last month but 3.5 million bales lower compared with the previous year. The projected U.S. season-average farm price is forecast down 5 cents to 85 cents per pound.

In the local cotton market, the price showed firmness this week although a slightly upward trend was also observed, the price rose 500 this week. The rate of cotton was Rs 14,500 to Rs 18,000 per maund.

The price of Phutti is between Rs 5,000 and 8,000 per 40 kg. KCA increased rs. 300 and came at the level of Rs.17,000 per maund.

The rate of cotton in Sindh is between Rs 15,000 to Rs 16,500 per maund. The rate of Phutti as per quality is between Rs 5,000 to Rs 6,500 per 40 kg. In Punjab province, the price of cotton was Rs 14,500 to Rs 18,000 per maund, and the price of Phutti was Rs 6,000 to Rs,8,000 per 40 kg.

The price of Phutti was in the range of USC 0.83~0.99 Lbs. (15,000~18,000/ maund).

  Opening Of the Week Closing Of the Week Change
Lowest 80.00 83.00 3.00
Highest 93.00 99.00 6.00


Crude Oil prices opened at USD 91.79 a lower level as compared to last week’s closing figures.

This week, crude oil prices showed mix trend in this week, while closing on the negative side by the end.

On the last day of the week, Crude Oil prices closed at USD 88.96 with a decrease of USD 2.83 as of the
opening figure of the week.

  Opening of Week Closing Of Week Change
Price 91.79 88.96 -2.83


In the last week values of the Pak rupee depreciated against the US Dollar and other major currencies showed mix trend in both interbank and open markets.

At the end of the week, Euro closed on a positive note with a figure of 1.04 and the British pound also closed on a positive note with a figure of 1.18 against the USD.

  Selling Buying
LC Sight 220.35 220.30
LC 120 Days 212.40 212.35
Open Market 224.07 219.14


New York Cotton futures opened at a higher level on Monday as compared to the previous week’s closing figures.

NYCF showed a downward trend this week, hence rose in last week’s session and closed on the positive side by the end of the week.

On the last day of the week, DEC 2022 closed at 88.20 with an increase of 71 points.

On the last day of the week, MAR 2023 closed at 86.33 with a rose of 50 points.

On the last day of the week, MAY 2023 closed at 85.56 with an upward of 49 points.

On the last day of the week, JUL 2023 closed at 84.87 with a
surge up of 74 points.


Liverpool Index A opened at 100.10 a higher level than the previous week’s closing figure.

In this week’s Index, “A” showed an upward trend this week, hence slightly dropped on closing but closed on the positive side by the end of the week.

On the last day of the week, LPI “A” closed at 103.55 with an increase of 345 points.

  Opening of the Week Closing of the Week Change
Index A 100.10 103.55 3.45


The local yarn market continued stable in asking prices and unhurried in business by the end of this week following NYCF and the local cotton market. Limited inquiry from the end consumer was reported.

Spinning mills were carrying stocks and under the sale burden. Stocks were offered on significant counts by spinners and had cash flow complications. Sellers were impatient to sell the yarn. Whereas buyers are in silent spots & NYCF follows the raw cotton prices in the Global market.

PSF prices were decreased by Rs.5/kg dated 07th Nov 2022 by IFL in the domestic market. PTA and MEG prices remain lenient in the international market plus the subsiding of the US $ parity effect in Pak rupees on importing fiber. At the same time, crude oil prices continued to be inflexible by the end of this week. For next week, PSF prices are expected to decline by Rs.2~3/kg.

Faisalabad trading market was idle and limited business was seen. The yarn was not as much in demand and had no substantial sales of PV and Viscose yarns. The cash flow system remains thoughtful. At the same time, traders were embraced with their stocks.

The followings are the latest querying prices of yarn in the local market based on ex-mills:

Count Price in Pak Rupees / 10 LBS Price US$/Bale
16/1 Carded Weaving 2892 – 3002 525 – 545
20/1 Carded Weaving 3057 – 3168 555 – 575
30/1 Carded Weaving 3195 – 3388 580 – 615
20/1 CM 3581 – 3636 650 – 660
30/1 PC Carded Weaving 52:48 2589 – 2727 470 – 495
40/1 Combed  Compact Weaving 3884 – 3994 705 – 725
60/1 Combed Compact Weaving 5288 – 5481 960 – 995
80/1 Combed Compact Weaving 8180 – 8401 1485 – 1525


The export yarn market showed dull business activity hence buyers remained on the sidelines.

Customers showed interest and asked for prices but orders couldn’t materialize.

This week, prices showed softness due to the soft trend in international cotton prices.

Customers were holding their buying for the last couple of weeks in anticipation of further decline in prices. Still, they are silent after the increase in prices. It seems that markets will remain soft as textile goods have very slow demand worldwide.

Suppliers are facing problems due to the non-availability of the orders; they are keenly interested to sell yarn against reasonable target prices.

Customers are now sharing some firm demands and prices are under negotiation with suppliers. So, we might see placements after negotiations of prices in days to come.

Pakistani suppliers are trying to restart production for those units that were closed earlier and it is expected that improved business activity will support them in days to come.

Chinese customers kept on checking prices as a good number of inquiries were received.

European customers floated a good number of inquiries. Some orders in normal and specialized yarns were also matured at improved price levels.

Count USD / Bale
16/1 Carded Weaving 550 – 555
20/1 Carded Weaving 560 – 565
20/1 CM 610 – 615
16/1 CM 600 – 610
20/2 CD 640 – 645
24/2 CD 680 – 685


Another week closed with slow and dull sentiments for both narrow and wider-width fabrics.

Local buyers are not sharing bulk inquiries due to prevailing confused sentiments. Therefore, limited inquiries were received from the buyers, and limited business materialization was reported for both narrow and wider-width fabrics. Buyers are still trying to place orders about 6~8% lower than the prevailing prices resultantly, the week closed with dull business materialization for both narrow and wider-width fabrics due to a big gap between offered and target prices.

Weavers are in great desperation to get orders to keep their looms running and follow each inquiry to
materialize it.

Currently, weavers are booked in narrow width till End-November and have coverage of their wider width looms till early Decmber’22 ~ mid-Dovember’22 and offering onward deliveries, whereas weavers booked their special looms till Mid-December ~ End December’22.

Construction Price US$/YD Ex Mill
16CDX12CD / 108X56 – 63″ 3/1 “S” TWILL PAK CTN 1.44 – 1.46
20CDX16CD / 128X60 – 63″ 3/1 “S” TWILL PAK CTN 1.34 – 1.36
20CDX20CD / 108X58 – 63″ 3/1 “S” TWILL PAK CTN 1.12 – 1.14


Slow market sentiment was witnessed during the week under review.

A limited number of inquiries were exchanged but no considerable business was reported from Far Eastern customers.

Asking prices were stable however suppliers are interested to discuss reasonable target prices.

Suppliers are in a position to start the new productions within two weeks however few suppliers have good sales for the next 3~4 weeks.

A good flow of inquiries was reported during mid of the week only from European customers.

Some of the orders in narrow and wider width are under discussion which hopefully will finalize during next week.

Wider-width suppliers offering the same prices as last week due to stable prices.

Lead time is not a problem as suppliers are in a position to offer attractive deliveries nowadays

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

Construction Price US$/YD CNF Far East
16CDX12CD / 108X56 – 63″ 3/1 “S” TWILL PAK CTN 1.42 – 1.44
20CDX16CD / 128X60 – 63″ 3/1 “S” TWILL PAK CTN 1.32 – 1.34
20CDX20CD / 108X58 – 63″ 3/1 “S” TWILL PAK CTN 1.10 – 1.12


Home Textile business activity is on the slower side due to the recession around the globe, everyone is
looking out for Christmas and Thanks Giving sales volume to foresee how the future will develop for the
business activity.

Inquiries flow is also slow but it is expected to have some business activity in late November or early


Pakistan’s garment industry is going through a difficult period, with many factories having reduced production capacity and no orders. Normally factories have future predictions but unfortunately in the current scenario things have changed and they don’t have many projections to fill the factory capacity.

In general, it has been observed that many major retailers and brands have not participated in building large placements like in previous seasons, according to various sources, the only reason for this is global inflation and lack of demand. At the same time, the prices for raw materials, dyes, and cotton fluctuate.

On the other hand, factories have already received bulk orders for SS23 from different brands and are busy in their execution, and going forward, they have received SS24 Development for next season, which bodes well for Pakistan’s textile industry. The factories are booked until Mid-December and offering delivery afterward.

Sustainability remained an important element as most of the customers especially leading global brands
required eco-friendly products. Pakistan garment factories have got all the necessary setup and compliance requirements to meet as required by customers. Along with sustainable products, customers have shown interest in Special fibers as well as textured fabrics garments.


Globally, there is little demand for textiles, and global inflation is harming the world economy. The market appears to remain dull for a few more months until the disputes over inflation in the economies are resolved.

The entire globe is lemmatized by inflation toward their basic wants. The recession has had a significant negative impact on the cotton and textile industry. Additionally, business volume remained minimal.

The mills in need are interested in ordering cotton from foreign. The local market will continue to see a slow and dull business for both narrow and wider-width fabrics.

Customers were proactive over the week, therefore there were a lot of queries in the export yarn market.

Although there is still a limited amount of order fulfillment, clients are interested in placing purchases, so future company activity may be positive.

As more orders came in from customers in the Far East, Asia, Europe, and the USA toward the conclusion of the week, local and export fabric market activity increased. According to suppliers, raw material prices have reached their lowest point and are currently predicted to stabilize the market trend at a higher level than last week’s pricing.

Scroll to top