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Firm trading activity witnessed at cotton market

Related Keywords: Buyers bought better grades of lint, cotton bales, Cotton market, forward deal, higher than market physical prices, improved demand from garments, KCE, Punjab and Sindh stations, raw grade of lint, sellers in the driving seat, spot rate, textile made up exporters, Trading activity remained firm, trading session

Trading activity remained firm at cotton market as buyers bought better grades of lint on higher than market physical prices during trading session in Punjab and Sindh stations, keeping sellers in the driving seat.

Buyers made deals in better and second grade of cotton on shrinking stocks. Spinners bought second grade of lint at around Rs 6,500-Rs 6,525 per maund, in parts of Sindh and Punjab stations.

Shrinking better cotton grades keeps prices stable

Related Keywords: amid firm physical prices, blending prupose, buyers also bought second grade of line, Buyers bought better grades of lint, during trading session on lint market, fast depleting of better grades of lint, forward deals were made, inanticipating increase in general prices, KCA, KCE, slightly higher price, spot rate

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.

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