Pakistan Local Cotton Market:
(The local cotton market saw increased domestic demand and improved quality, with mills favoring local cotton over imports. Meanwhile, US cotton faced pricing pressure due to a stronger dollar and speculative trading, along with increased harvesting activity. Overall, global demand remains low, and the market is highly volatile with fluctuating prices)
1- The local cotton market experienced a mixed trend last week. At the start of the week, an increase in Phutti supply led to ginning units selling more cotton. Buyers are buying cotton regularly to cover their requirement in fear that crop is short and prices may rise in coming days.
2- Mills are preferring domestic cotton over imports, due to rising trend, hence in this week international cotton remained on lower side.
3- Currently, cotton quality is also improving day by day. Most ginning factories have started operating, and it is expected that cotton arrivals will further improve in the coming days.
4- The US dollar index reached its highest point in over two months, making US cotton less competitive globally, as the cost of purchasing cotton increased for overseas buyers. However, the rise in crude oil, which surpassed $72 per barrel, helped limit the fall in US cotton prices. Crude oil has fluctuated between $68.69 and $78.46 over the past two weeks.
5- The decline in US cotton prices was attributed to speculative trading. Global demand remains subdued, especially in the absence of significant cotton purchases from China. Profit-taking was observed following the previous day’s rally. US equities were mixed but ended the session nearly unchanged.
6- ICE cotton prices continued to decline, settling at a one-week low. Increased harvesting activity and weaker sentiment in the grain market have exerted pressure on US cotton. The market remains highly volatile, driven by ongoing harvesting. Additionally, weather conditions and export dynamics are impacting the US cotton market.
7- Last week, cotton prices in Punjab and Sindh showed soft trend and traded in range of 16,500 to Rs 18,150 per maund, (USC 0.73~0.80 lbs). In Sindh, cotton rate was Rs 16,500 to Rs 18,100 per maund, while in Punjab it ranged from Rs 17,450 to Rs 18,100 per maund. KCA up Rs. 200 to at the of. 17,800 Rs per maund, PSF was same at Rs. 357 PKR/kg.
Local Yarn Market:
(The local yarn market remained stable, with steady prices and limited activity. Cash flow constraints and rising input costs continue to challenge the industry. The Faisalabad market also experienced similar conditions.The overall outlook remains cautious)
1- The local yarn market remained stable this week, with steady prices and average business activity. However, cash flow constraints continued to challenge the industry.
2- Mills maintained lean inventories and focused on timely deliveries.
3- PSF prices held steady this week and are projected to remain stable in the coming week.
4- The Faisalabad yarn market experienced stagnant activity, with stable prices for polyester viscose (PV) and other cotton yarns. However, cash flow constraints remain.
| Count | Price in Pak Rupees / 10 LBS | Price US$/Bale |
| 16/1 Carded Weaving | 3325 – 3400 | 480 – 495 |
| 20/1 Carded Weaving | 3400 – 3500 | 495 – 510 |
| 30/1 Carded Weaving | 3750 – 3900 | 545 – 565 |
| 20/1 Combed Weaving | 3900 – 4000 | 565 – 580 |
| 30/1 PC Carded Weaving 52:48 | 3100 – 3400 | 450 – 495 |
| 40/1 Combed Compact Weaving | 4425 – 4525 | 640 – 655 |
| 60/1 Combed Compact Weaving | 5900 – 6050 | 855 – 875 |
| 80/1 Combed Compact Weaving | 7950 – 8150 | 1155 – 1180 |
| 40/1 CVC Carded Weaving 60:40 | 3850 – 4000 | 560 – 580 |
Export Yarn Market:
(The export yarn market showed average business activity form all regions as prices remained firm and stable. Suppliers remained firm and stable due to handsome sales and steady cotton prices in international and domestic markets)
1- The export yarn market had limited business activity this week as prices remained firm.
2- Suppliers took advantage of strong sales positions and increased their prices.
3- Limited buying was also seen from some of the Chinese buyers due to their currency fluctuation, hence seems that activity will remain moderate.
4- Most of the Chinese buyers were slower to place new orders because suppliers raised prices significantly in response to strong sales. Suppliers are now waiting for LCs to be opened.
5- European buyers were more active, finalizing several deals this week, with more inquiries ongoing, hinting at the possibility of additional purchases in the coming weeks.
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Local Fabric Market:
(Improved business activity was observed in local fabric market. Uptick in the home textile sector was also witness. Looking ahead, we anticipate continued improvement in market activity. However, prices are expected to follow a slight upward trajectory)
1- This week, the local fabric market experienced a notable uptick in activity, although trading remained limited for both narrow and wider-width fabrics by the week’s end.
2- Local finishers reported an increase in inquiries, and there was a visible uptick in the home textile sector’s activity. Consequently, all types of air jet fabric looms saw improved engagement.
3- Currently, major air jet weavers have secured bookings for narrow-width fabrics until early December 2024, and for wider-width fabrics until the end of December 2024, with onward deliveries being scheduled.
4- Looking ahead, we anticipate continued improvement in market activity. However, prices are expected to follow a slight upward trajectory.
Export Fabric Market:
(The export fabric was active after a couple of weeks as customers from the Far East and Europe had placed a good quantity of orders. The prices remained firm, and suppliers were resisting lower bids. The flow of inquiry is expected to remain good in days to come)
1- Export fabric market reported handsome booking with Far Eastern customers during the week.
2- Customers from Japan, Korea, and Indonesia and China has booked decent quantities with their selected suppliers.
3- Some of the orders are still under discussion and could not finalize due to price gap.
4- Suppliers are keeping their prices firm due to firm yarn prices hence resisting against lower bids.
5- Currently weaving units are booked till mid of Dec and offering end Dec onward deliveries.
6- European markets were active as they kept on booking both narrow and wider width fabric.
7- Wider width suppliers were also stable due to stable yarn prices.
8- USA market was comparatively slow in this week.
9- Wider width suppliers are comfortably booked till end of Dec and offering mid ~ end Jan deliveries.
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Local and Export Fabric Prices
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Bed Linen and Towel:
(Order confirmations for the home textile remain low, while the price gap continues to grow. Suppliers are considering both imported yarns and new cost-cutting methods to meet challenging, highly competitive pricing targets)
1- Order confirmations for the Home Textile sector have dropped noticeably, with the main issue being a widening price gap. Customer target prices aren’t being met, even at break-even points.
2- The USD is expected to depreciate in the coming weeks, which could further widen this price gap.
3- Suppliers are increasingly favoring imported yarns for many of their products. This month, several home textile suppliers are gearing up for Germany’s Heimtextil with focus on value added articles and new developments.
Garments:
(Pakistani garment manufacturers are running at good capacity and waiting for orders to fill the rest of the space also anticipating more orders; nevertheless, there is some hope that some of the country’s top retail brands have started placing orders with specific units)
1- The Pakistani apparel industry is suffering unequal commercial activity, with manufacturers not obtaining enough orders to meet manufacturing capacity.
2- Because of inflation, some retailers and brands have reduced their purchasing.
3- Large retailers typically placed orders based on projections, but market sentiment has slowed in the fourth quarter of 2024 due to global inflation.
4- Factories plan to supply onwards orders by the End of Jan 2025.
5- Sustainability is vital in the apparel industry to reduce environmental impact and improve working conditions.
6- The global denim market is struggling with inflation, but manufacturers remain optimistic about the forthcoming seasons as consumers continue to have a strong demand.
Crude Oil:
1- Crude Oil prices opened at USD 70.04 with higher level as compared to last week closing figures. in this week, crude oil prices showed downward trend and closed on lower side by the end of week.
2- In last day of the week, Crude Oil price closed at USD 71.78 with increase of 1.74 USD cents as of opening figure of week.
| Opening of Week | Closing Of Week | Change | |
| Price | 70.04 | 71.78 | 1.74 |
Exchange Rate:
1- In last week values of Pak rupee apricated against US Dollar’s, other major currencies showed mix trend in both interbank and open markets.
2- At the end of week, Euro closed on a negative note with figure of 1.08 and British Pound also closed on negative note with figure 1.29 against USD.
| Selling | Buying | |
| LC Sight | 275.83 | 275.78 |
| LC 120 Days | 265.28 | 265.23 |
| Open Market | 281.08 | 274.97 |
New York Cotton Future:
The New York Cotton Futures (NYCF) began the week on a higher note compared to the previous week’s closing figures.Throughout the week, the market showed downward trends and closed on lower side by the end of week.
1- December 2024 Closed at 70.66, marking a drop of 154 points from the previous week.
2- March 2025 Ended at 72.85, down by 127 points compared to the previous week.
3- May 2025 Finished at 74.39, reflecting an decrease of 111 points from the previous week.
4- July 2025 Closed at 75.46, down of 98 points from the previous week..
Liver Pool Indices:
1- Liverpool Index A was opened at 82.35 on the same level as the previous week of closing figure.
2- In this week Index “A” showed mix trend and closed on higher side by the end of week.
3- At the last day of the week, LPI “A” closed at 83.25 with an increase of 95 points.
| Opening of the Week | Closing of the Week | Change | |
| Index A | 82.35 | 83.25 | 0.95 |
