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Related Keywords: 000 per maund, 075 per maund, better grades of cotton, Buyers with liquidity, deals for second grade of lint, demand for all grades of cotton, fetched above Rs 7, leading stations of Punjab and Sindh, made a month forward deals, matured above Rs 7, Physical prices remained firm, second grade of cotton, trading session

At leading stations of Punjab and Sindh, better grades of cotton fetched above Rs 7,075 per maund and deals for second grade of lint were matured above Rs 7,000 per maund during trading session. Demand for better grades of lint would keep market sentiments in green till the time when second shipment of import more than 100,000 bales could arrive.

Related Keywords: 000 per maund, build up inventories, buyers seen chasing quality cotton, cotton bales, cotton market on Thursday, intense demand, official spot rates increased, prices on ready counter, pushed cotton prices u, Renewed buying interest, seasonal peak level, Spinners, Textile Industry, touched Rs7

At cotton market on Thursday buyers seen chasing quality cotton in order to build up their inventories. This renewed buying interest pushed the cotton prices up to the seasonal peak level of Rs.7,000 per maund. Due to intense demand, prices on ready counter touched Rs7,000 per maund while official spot rates were increased by Rs100 to Rs6,600 per maund.

Short supply and fears of crop failure kept buyers panicky. There was strong demand but most deals could not be finalised owing to quality constraints.