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Demand for second grade of lint remains dominant during trading session

Related Keywords: blending purpose, Buyers made sizeable deals for second grade of lint, Demand of second grade of cotton, leading buyers made forward deals, physical prices remained steady, remained dominant, Sindh and Punjab stations, spinners purchased, trading session

Demand of second grade of cotton remained dominant during trading, spinners purchased the commodity for blending purpose at Rs 6,425 per maund while the leading buyers made forward deals for second grade of lint at around Rs 6,400 per maund to Rs 6,450 per maund.

Buyers made sizeable deals for second grade of lint during trading session in Sindh and Punjab stations while physical prices remained steady. Buyers also made deals in all grades of cotton that kept market’s volumes moderate.

Trading activity remain dull at cotton market on insignificant demand

Related Keywords: bargaining prices, blending purpose, buyers made cautious deals for second grade lint, domestic market, Ginners, insignificant demand from leading buyers, KCA, Pakistan cotton market, spot rate, textile sector, Trading activity remain dully

Trading activity remained dull at the cotton market on insignificant demand from leading buyers. According to floor brokers, buyers made cautious deals for second grade lint for blending purpose on bargaining prices at around Rs 5,300 per maund during the trading session. Around 200 bales changed hands.

The Karachi Cotton Association (KCA) corrected the spot rate downward by Rs 50 per maund to remain at Rs 5,750 per maund.

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