YnFx logo
FacebookFacebookFacebook

News Tags

warning: Creating default object from empty value in /var/www/html/html/vhosts/ynfx_drupal/modules/taxonomy/taxonomy.pages.inc on line 33.

Dull trading continued at lint market

Related Keywords: buyers made deals on slightly higher price, continued at lint market, cotton bales, Dull trading activity, Eid holiday and rains in most parts of stations, forward deals for grade selective, Karachi Cotton Association, majority stakeholders remained on sidelines, price in firm zone, second grade of lint, shrinking fine lint, spot rate

Dull trading activity continued at lint market as majority of stakeholders remained on sidelines on back Eid holiday and rains in most parts of the stations. Buyers made deals on slightly higher price besides forward deals for grade selective and second grade of lint also changed hands, fibre traders said.
Market would become active after Eid holidays, and market buying-interest sentiments would push general prices in green zone while weak ginners to get some strength capitalize on their dealings, traders said.

Moderate buying seen at lint market with firm phsical price

Related Keywords: anticipating decline in spot rate, buyers made deals on slightly higher price, leading buyer stayed cautious, made deals for fine grades on competitive price, made deals to meet their immediate need of lint, Moderate buying, physical price stood firm, seen at lint market, Spinners in Sindh and Punjab stations, the Karachi Cotton Association

Moderate buying was seen at lint market while physical price stood firm, said floor brokers. According to traders at the Karachi Cotton Association (KCA) some buyers made deals on slightly higher price.

During the trading session, buyers in Sindh and Punjab stations bought all grades on cautious note as grade issue. Traders offered all grades of lint on bargaining rates at around Rs 4,975 per maund to Rs 5,975 per maund in order to capitalise maximum returns on their proceeds, floor brokers said.

Buying remains dull at lint market on back of grade issue, physical price firm

Related Keywords: anticipation of decline in spot rate, buyers made deals on slightly higher price, capitalize maximum returns on proceeds, Dull trading seen at lint market, fine grades on competitive price, KCA, meet immediate need of lint, on back of grade issue, physical price stood firm, spot rate intact

Dull trading was seen at lint market as buyers made deals on slightly higher price according to their immediate need of lint on back of grade issue and in anticipation of decline in spot rate, while physical price stood firm, floor brokers said.

KCA kept the spot rate intact at Rs 5,750 per maund in order to provide support to weak stakeholders of raw grade to ward off minimal price level.

Copyright © 2014 Centerac Technologies Limited. All Rights Reserved
-->
feedback button