Bamian City continues to be depressed, and textile companies generally wait and see
Pakistan’s domestic cotton market continues to be depressed. The sharp decline in ICE cotton futures the day before yesterday has continued to put downward pressure on Pakistan’s domestic cotton prices. At the same time, as cotton prices fell further, there was a clear lack of confidence in the market. Textile companies generally adopt a wait-and-see attitude and are very cautious about new transactions. It is expected that trading volume will increase only after the overall market stabilizes. At present, cotton stockholders have a strong willingness to sell,
According to reports, a small amount of high-grade cotton was traded in Punjab Province, with a transaction price of about 5,400-5,600 rupees/maund; the price of low-grade cotton was about 4,200-5,200 rupees/maund.
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