Related Keywords: back of grade issue and low volumes, buyers made forward deals, fine bales, ginning unit, KCA, leading ginners, Lint market, production of textile made-ups, spot rate, stockpile of better grades, trading session
During the trading sessions in the past week, buyers at the lint market made forward deals on the back of grade issue and low volumes at around Rs 4,600 per maund to Rs 4,625 per maund, traders said on Saturday.
The buyers remained eager for fine grades at main stations of Punjab and Sindh, while majority of the ginneries produced all grades on the back of moderate influx of cottonseed.
Prices remained within reach of the buyers amid some cautious activity. The Karachi Cotton Association’s (KCA’s) spot rate remained firm to stay at Rs 4,500 per maund.
