KARACHI: Current rates of cotton attracted millers to indulge in active buying despite trading remained range bound at Pakistan cotton market on Tuesday.
Pakistan refinery sector production fell by 18 percent 2MFY11-12
Pakistan refinery sector production fell by 18 percent as it stood at 1.2 million tons in first two months of fiscal year 2011-12 (2MFY11-12) as compared to 1.4 million tons in the corresponding period last year.
However, in the month of August, Pakistan's refinery production slashed by 28 percent month on month (MoM).
SINGAPORE: Brent crude held above $102 after surging in the previous session as pessimism about weaker demand was outweighed by a surprise drawdown of U.S. inventories and concerns that Libya's largest oilfield could be damaged.
SINGAPORE: Oil was headed for a weekly gain on Friday after central banks launched coordinated action to boost European bank funding, easing concern about falling oil demand from industrialised consumers.
SINGAPORE: Brent crude slipped below $112 a barrel on Monday as Europe stumbled over attempts to solve the euro zone debt crisis, strengthening investor fears commodity demand growth may slow.
NEW DELHI/ISLAMABAD: Seasonal floods across South Asia have largely spared summer crops this year, helping meet output targets for key rice and cane harvests, but Pakistan could import more cotton after losing about two million bales of the fibre to rains.
KARACHI: Growers concerns have been rising as the cotton market continued its downward trend on the back of higher influx of seed cotton and phutti arrivals on Friday.
KARACHI: Pakistan cotton rates continued its downward trend on the back of higher influx of seed cotton and phutti arrivals however trading remained range bound at cotton market on Thursday.
Gross Refinery Margins (GRMs) for local refineries improved by 11 percent quarter on quarter (QoQ) at $3 per barrel in the first quarter of the financial year 2011-2012 (1QFY11-12) as compared to $2.7 per barrel reported in the previous quarter.
Gross Refinery Margins (GRMs) for local refineries improved by 11 percent quarter on quarter (QoQ) at $3 per barrel in the first quarter of the financial year 2011-2012 (1QFY11-12) as compared to $2.7 per barrel reported in the previous quarter.
SINGAPORE: Brent crude stayed firm above $105.50, boosted by Europe's move to shore up ailing banks and expectations that the U.S. economy may not be sliding into recession.
KARACHI: Traders participated in active trading on Monday over the news that State Bank of Pakistan has reduced policy rate by 150 basis points to 12 percent.
SINGAPORE: Brent crude held near $109 on Tuesday on cautious optimism that European banks may avert a financial crisis after leaders promised a plan to resolve the region's debt woes while a strike in OPEC member Kuwait threatened exports.
KARACHI: Cotton rates decreased over cautious trading mode adopted by the mills and spinners on Thursday as buyers indulged in range bound activities to observe the latest developments in the market.
SINGAPORE: Brent crude fell on Wednesday, snapping five days of gains, after OPEC cut its global oil demand forecast and plans for greater powers for a euro zone bailout fund hit a snag, rattling investor confidence.