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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.

Related Keywords: buyer remained caution in making big deals, cotton import by textile sector would go up, cotton trading session, decline in spot rate, grade issue, KCA, made deals for all grades on competitive price, made deals to meet immediate need of lint, Mills in Sindh and Punjab stations, moderate volumes on grade issue of lint

At the cotton trading session, buyer remained cautious in making any big deal as they only made deals according to their immediate need of lint on back of grade issue and in anticipation of decline in spot rate.

Buying remained selective with moderate volumes on grade issue of lint while market’s sentiments were steady with forward trading, traders at the Karachi Cotton Association (KCA) said on Thursday.

KCA kept the spot rate intact at Rs 5,500 per maund in order to provide support to weak stakeholders of raw grade to ward off minimal price level, said floor brokers.