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Active trading continues at cotton market

Related Keywords: continued to witness active trading, cotton bales, ex-Karachi rates rose, fixed the official spot rate, Grade 3 cotton, Karachi Cotton Association, Karachi cotton exchange, or base price, Spot rate stood unchanged, transport charges also escalated, upcountry expenses increased

Karachi Cotton Exchange on Tuesday continued to witness active trading, while upcountry expenses increased Rs10 a maund. According to an analyst, upcountry expenses increased after a period of around two years, as transport charges also escalated

Spot rate stood unchanged at Rs6,350/maund (37.324 kilogrammes) and Rs6,802/40-kg. However, ex-Karachi rates rose to Rs6,495/maund and Rs6,960/40-kg after addition of Rs145 and Rs155 as upcountry expenses, respectively.

Normal trading continue at cotton market as prices remain unchanged

Related Keywords: buyers remained in hunt of second grade lint, continued with normal trading, cotton bales, depleting stocks of fine grades of lint, Ginners offered all grades, grand issues, Karachi Cotton Association, Karachi cotton exchange, KCE recorded eight transactions, Spinner made deal for immediate need, spot rates remained firm

The Karachi Cotton Exchange on Wednesday continued with normal trading, while spot rates remained firm at Rs6,350/maund (37.324kg) and Rs6,805/40kg. Ex-Karachi rates also remained unchanged at Rs6,485/maund and Rs6,950/40kg after an addition of Rs135 and Rs145 as upcountry expenses, respectively.

Slow to moderate trading witness with steady pricing

Related Keywords: cotton bales, ginneries, Karachi Cotton Association, Karachi cotton exchange, on Monday at cotton market, prices remaining firm, seed cotton, slow flow of phutti, Slow to moderate trading witnessed, slow trading was recorded, spot rate remained steady, sustained demand from spinners

Slow to moderate trading was witnessed on Monday at the cotton market with prices remaining firm. Though there was sustained demand from spinners for cotton but slow flow of phutti (seed cotton) from fields into ginneries restricted activity.

The new spell of rain expected from next week concerns cotton trade as it may affect the crop in its current growing stage, brokers said.

However, so far the cotton crop is remained safe and sowing also went smoothly on slightly larger area thus strongly indicating that crop size would be larger than last year.

Cotton trading lacked buying interest

Related Keywords: adjusted downward, adversely affected by slow arrivals, closed easy in line with global trend, cotton bales, Cotton market, cotton trading, crisis-ridden textile industry, Karachi Cotton Association, lacked buying interest, new cotton crop, no hurry to build up stock, phutti, seed cotton, spot rate

Cotton trading on Monday lacked buying interest and closed easy in line with the global trend. Cotton market was adversely affected by slow arrivals of phutti (seed cotton).

Moreover, a crisis-ridden textile industry is cautious and seems to be in no hurry to build up stock from the new cotton crop, they maintained.

Recent rains across the country also hampered cotton picking both in Sindh and Punjab which restricted the availability of cotton.

Moderate cotton trading witnessed amid firm physical prices

Related Keywords: amid firm physical prices, cotton trading, forward deals for a month period, Karachi Cotton Association, readjusted overnight by rupees fifty, remained moderate, second grade of lint, shrinking fine lint, spot rates, traders

Cotton trading remained moderate amid firm physical prices, traders said. At the The Karachi Cotton Association (KCA) spot rates were readjusted overnight by Rs 50 per maund to stay at Rs 6,650 per maund.

Forward deals for a month period also changed hands that pushed physical prices in green zone. Floor brokers said that buyers made deals for all grades besides deals for better and second grade of lint for blending purpose remained firm and deals changed hands at around Rs 6,475 per maund to Rs 6,675 per maund during the trading session.

Buying activity at cotton market seen improving

Related Keywords: Active buying improves, Cotton market, Karachi Cotton Association, prevailing prices, price of seed cotton, resumed normal covering operations, spinners and mills, spot rates remain unchanged

Active buying by spinners and mills was seen at the cotton market on Tuesday, as they resumed their normal covering operations at the prevailing prices, while, at the Karachi Cotton Association spot rates remain unchanged.

Following were some of the deals that changed hands on the ready counter: 200 bales, Haroonabad at Rs6,950; 200 bales, Shahdadpur, at Rs6,550; 200 bales, Mirpurkhas, at Rs6,575; 465 bales, Vehari, at Rs6,700; 200 bales, Tando Adam, at Rs6,550 and 700 bales, Rahim Yar Khan, at Rs6,550.

Buyers seen making deals for better grade at lint market

Related Keywords: Buyers made deals for better grades of lint, forward deals also changed hands, grade selective, growing demand of end textile made up products, Karachi Cotton Association, shrinking fine lint, slightly higher price, spot rate, Steady physical prices, trading at lint market

With steady physical prices trading at lint market remained grade selective, buyers made deals for better grades of lint on slightly higher price besides forward deals also changed hands.

Floor brokers said that during the trading session, buyers made deals for all grades besides deals for better and second grade of lint for blending purpose remained firm and deals changed hands at around Rs 6,600 per maund to Rs 6,700 per maund.

Dull trading activity witnessed at cotton market

Related Keywords: cotton bales, Cotton market, dull trading activity witness, Karachi Cotton Association, kept themselves from away, seed cotton, Spinners, spot rate unchanged

As spinners at cotton market kept themselves from away, dull trading activity was witness on Thursday. Deals of as many as 2,700 maunds of phutti (seed cotton) took place in Umer Kot at Rs3,625, Kunri at Rs3,575, Degree at Rs3,550, Mirpur Khas at Rs3,525 and Badin at Rs3,600.

Major deals that changed hands on the ready counter were: 400 bales from Rahim Yar Khan at Rs7,000, 200 bales from Vehari at Rs6,875 and 200 bales from Mirpur Khas at Rs7,000 (new crop).

Slow demand from spinners eased cotton prices further

Related Keywords: around 37 kilograms, badly affecting the local industry, cotton prices eased further, from pure cotton fabrics, Karachi Cotton Association, less consumption of cotton yarn, on a maund, reduced spot rate by Rs fifty, shifted to polyester and cotton blend fabrics, Slow demand from spinners, spinning mills

With slow demand from spinners on Thursday cotton prices eased further. The Karachi Cotton Association also reduced its spot rate by Rs50 on a maund (around 37 kilograms).

According to yarn broker, as many as 80 spinning mills have been shifted to polyester and cotton blend fabrics from pure cotton fabrics which resulted into less consumption of cotton yarn.

Moderate trading witnessed as cotton remain firm

Related Keywords: better grade lint, cotton bales from US, Cotton market, Ginners, Karachi Cotton Association, KCA, KCE, prices of all grades of cotton stood firm, raw lint, spinning mills, spot rate remained intact, trading session

At the cotton market, the prices of all grades of cotton stood firm during the trading session, according to traders. Around 9,600 bales changed hands.
The Karachi Cotton Association (KCA) spot rate remained intact at Rs 6,850 per maund with better lint in focus, fibre traders reported.

Floor brokers said that leading buyers in Sindh and Punjab stations bought better grade lint on premium prices offered by ginners during the trading session.

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