Pakistan's cotton prices held steady

Pakistan's domestic cotton market continued to be stable yesterday, and Punjab's high-grade new flower ginning factory pick-up price was about 5300-5750 rupees/maund, which was 71.20-77.20 cents/lb., and the low-grade new flower transaction price was about 4,000-5000 rupees/maund. .

Textile mills are plentiful, some textile companies continue to purchase based on spot demand, ginners have tight stocks of high-grade cotton, and offer prices are raised accordingly. Low-grade cotton is under pressure and buyers generally have little interest. Due to the recent shortage of yarn demand, textile companies are generally cautious about the market outlook.

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