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Shrinking better cotton grades keeps prices stable

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Buyers bought better grades of lint on slightly higher price amid firm physical prices besides forward deals were made in anticipating increase in general prices and on fast depleting of better grades of lint during trading session on lint market. During the trading session, buyers also bought second grade of line at around Rs6,650 per maund for blending purpose.

The Karachi Cotton Association (KCA) kept the spot rate at Rs 6,200 per maund.

Moderate trading activity seen amid firm physical prices

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At lint market although buyers remained focused on better grades but higher demand for second of lint kept trading activities moderate amid firm physical prices. Second grade of lint fetched better price as buyers bought all grades on cautious note, floor brokers said.

Better grades of lint remained in demand on back of depleting stocks and demand for other grades of lint would not gain momentum, as buyers were eyeing influx of better cottonseed in the ginneries.

Moderate cotton trading witnessed amid firm physical prices

Related Keywords: amid firm physical prices, cotton trading, forward deals for a month period, Karachi Cotton Association, readjusted overnight by rupees fifty, remained moderate, second grade of lint, shrinking fine lint, spot rates, traders

Cotton trading remained moderate amid firm physical prices, traders said. At the The Karachi Cotton Association (KCA) spot rates were readjusted overnight by Rs 50 per maund to stay at Rs 6,650 per maund.

Forward deals for a month period also changed hands that pushed physical prices in green zone. Floor brokers said that buyers made deals for all grades besides deals for better and second grade of lint for blending purpose remained firm and deals changed hands at around Rs 6,475 per maund to Rs 6,675 per maund during the trading session.

Increasing demand for better lint grades keep prices steady

Related Keywords: amid firm physical prices, cotton trading session, fetched premium price, Increasing demand for better grades of lint, remained entangled in price war, remained in focus, sellers and buyers, shrinking stocks of better grades, volumes traded were moderate

Increasing demand for better grades of lint remained in focus fetched premium price for shrinking stocks of better grades amid firm physical prices. At cotton trading session, it was noticed that both sellers and buyers remained entangled in price war. However, volumes traded were moderate.

In the domestic market around 200 bales of Sanghar changed hands at Rs 6,675 per maund, 100 bales of Hyderabad at Rs 6,375 per maund and 100 bales of Southern Punjab changed hands at Rs 6,625 per maund.

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