Thursday, September 20, 2012

Declining trend persists on cotton market DCMR



DATE:  SEP 20, 2012
DAILY COTTON MARKET REPORT
 
                                    (ANY ERROR AND OMISSION IN THIS REPORT IS NOT OUR RESPONSIBILITY)
I  M  P  O  R  T  S
SH I P M E N T  S
PERIOD – (MY 2010-11 )

Qty. in  MT
PERIOD (2011-12)
CROP
QTY. in B/S
Aug to JUNE, 2012

159,638
AUG TO JUNE
2012
249,196
JULY, 2012

35,333
JULY 2012
2012
1,068
Source: Federal Bureau of Statistics
Total
194,971
Source: Trade Development Authority of Pakistan
Total
2,50,264
                     
 ­­
   K.C.A Official Spot Rate for Local Dealings in Pak Rupees                   
  SEP 19, 2012
FOR BASE GRADE 3 (THREE) STAPLE LENGTH 1-1/16 MICRO NAIRE VALUE BETWEEN 3.8 to 4.9 NCL   
Rate For
Ex-Gin Price
Up-country Expenses
Spot Rate Ex-Karachi
37.32 kgs
5,550
155
5,705
40 kgs
5,952
155
6,107

 
 
SEP 19 , 2012
Cotton Futures
OCT 12
74.88
-0.10
DEC 12
76.41
+0.39
MAR 13
77.16
+0.35
MAY 13
78.02

+0.32

 
OPEN MARKET FOREX RATES (PKR)
Currency
Buying
Selling
19/09/12     USD
94.50
95.00
INTERBANK CLOSING RATES (PKR)
Currency
Buying
Selling
19/09/12    USD
94.48
94.54
 
20/09/12      CHINA COTTON INDEX
    Index328                                     
18650
+8
    Index229
19585
+3
19/09/12     CHINA DELAYED QUOTES
CF211  19355 (20)
CF301   19800   (35)
CF303 19930 (50)
19/09/12         COTLOOK INDICES
‘A’ Index              
85.15
(+0.70)
 
 
         READY COTTON TRANSACTION IN PAKISTAN (Crop 2012-13)       
  SEP 19 , 2012
Seller
Station
B/S
Rate
Buyer
                                                                                      PUNJAB                       
AL HAMD
SHAH JIVNA
200
5700( CON
RAHEEM BAKSH
HAFIZ RIAZ
MULTAN
200
5600
H A FIBER
KISAN
TONSA
200
5725
ZAHID G
MUSLIMCAHNIUT
CHANNIUT
200
5600
BILAL SPINING
IQBAL
KABIRWALA
200
5600
IJAZ SPIINING
WASEEM
VEHARI
200
5500
RAFI MAQBOOL
SHAFIQ
SAHIWAL
200
5575
BILAL FIBER
NAJAF
MUBARAKPUR
200
5600
MALIK
MONGI COTOTN
MONGI BANGLA
200
5700
DEEWAN
CHAUDHARY
BAHAWALPUR
200
5600
MIAN
P G COTON
HAROONABAD
200
5550
INDUS
SINDH
HUMAIR FAQEER
SHAHDADPUR
200
5500
KAHLID SIRAJ
NEW KOHISTAN
HYDERABAD
3400
5475
NEW LAL EXP
KAINAT
GHUT CHAINI
200
5500
NEW LAL EXP
AK ADWANI / LAL QALNDRI
NAWABSHAH
200
5550
NEW LAL EXP
SANGHAM
SHAHDADPUR CHAKAR
200
5550
KHAWAJA BASHIR
NEW LATIF
DHOOR  / BANDHI
200
5550
NEW LAL EXP
LAL
SALEHAPT
200
5650
AKRAM
MUMDI
TANDO ADAM
200
5550
SURAJ
SIND AGRO
SHAHDADPUR
200
5550
CFESCETN FIBER
UNITED
TANDO ADAM
200
5575
CRESCENT FIBER
NEW KOHISTAN
NAWAB SHAH
200
5500
FEROZ
PAYDAR
SANGHAR
200
5500
AL MUQEET
KANWAL
SHAHDADPUR
200
5500
AL MUQEET
QURESHI
MIR PUR KHAS
200
5400
AL MUQEET
SULTANABAD
MIR PUR KHAS
200
5500
CC COMAN
ABAD GAR
HALLA
200
5400
CC COMAN

































COTTON UPDATES:
Spot rate after maintaining a stable trend for a long time, came down modestly in process of trading, dealers said. Official spot rate drifted lower by Rs 50 to Rs 5,550, they said. Main trading centres in the city were closed due to strike, they said. In the ready business, over 8000 bales of cotton changed hands between Rs 5400-5700, they said.
Bulls dominated the cotton market on Tuesday as phutti arrivals showed a significant rise because rains almost stopped in the country, dealers said. Official spot rate was unchanged at Rs 5600, they said. In the ready business, over 8000 bales of cotton changed hands between Rs 5475-5650, they said.


 China will not issue import quotas in this year09/18/12
COTTONCHINA In the Analysis meeting for 2012 National Cotton Situation organized by China Cotton Association, Zhang Xianbin, Director, Economic and Trade Department, National Development and Reform Commission, he announced the government will not issue import quotas any more in this year. In addition, the State Reserve sales auction will be suspended on September 29. The result has been a clear upward trend of cotton futures, the spot market mentality also been a slightly improved.
THANKS WITH BEST REGARDS                                           
SH. ISHFAQ AHMAD VOHRA                
SH. ATTA UR REHMAN VOHRA
MEMBER: KARACHI COTTON ASSOCIATION, KARACHI






 

0 comments:

Post a Comment