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Trading remain at moderate pace with deals in second grade of cotton

Related Keywords: buyers are eyeing on imports, buyers making deals, Buyers with less liquidity bought better grades, by more than three million bales crop season, fibre traders, forward deals changed hands for better grades, Karachi Cotton Association, remained at moderate pace, second grade of lint, spot rate cotton output decline, Trading in lint market

Trading in lint market remained at moderate pace with buyers making deals for second grade of lint while forward deals also changed hands for better grades, fibre traders said.

Firmness of physical prices provided weak sellers to fetch better bottom-line price. Buyers with less liquidity bought better grades according to their immediate need while weak sellers withholding raw grade of lint offloaded their stocks on better price-parity level, floor brokers said.

Lint market sentiments remained firm on forward trading, traders at the Karachi Cotton Association (KCA) said.

Cotton market witnessed selective deals on grade issue

Related Keywords: buyers made selective deals, eyeing domestic better grades, Karachi Cotton Association, leading buyers, making forward deals at premium prices, on grade issue, raw grade stuff, Second grade of lint for blending purposes, spot rate unchanged, strengthened long positions

The buyers made selective deals on grade issue and also strengthened their long positions by making forward deals at premium prices, traders at Karachi Cotton Association (KCA) said. KCA kept spot rate unchanged at Rs 6,750 per maund.

Sellers withholding better grades remained in the driving seat due to paucity of premium stuff while KCA remained busy taking steps to provide maximum benefit to the weak stakeholders to capitalise maximum on their raw stuff, floor brokers said.

Slow trading activity continued on cotton market

Related Keywords: amid dwindling stocks, cotton market on Tuesday, Karachi Cotton Association, kept its spot rates unchanged, lower exports of cotton yarn, preparations of the new crop, Slow trading activity continued

Slow trading activity continued on the cotton market on Tuesday amid dwindling stocks and lower exports of cotton yarn. The Karachi Cotton Association kept its spot rates unchanged at Rs6,800/maund (37.324kg) and Rs7,288/40kg.

Ex-Karachi rates also stood firm at Rs6,935/maund and Rs7,433/40kg after an addition of Rs135 and Rs145 as upcountry expenses, respectively.

Rise in cotton prices seen over short supply of quality lint

Related Keywords: buyers and sellers remained to the sidelines, cotton bales, facing difficulty in exporting cotton yarn, Karachi Cotton Association, owing to short supply of quality lint, owing to uncompetitive prices, polyester cotton yarn, raised spot rates by Rs fifty, remained slow, rise in cotton prices, Spinners, Trading activity at cotton market

Trading activity at cotton market on Monday remained slow as buyers and sellers remained to the sidelines owing to short supply of quality lint and rise in cotton prices. The Karachi Cotton Association also raised its spot rates by Rs50, to Rs6,800 per maund (around 37kg).

According to market estimates, ginners currently hold 500,000 bales of cotton in order to get best prices are careful in disposing of these stocks.

Dwindling stock and shortage of quality cotton kept trading slow

Related Keywords: cotton market on Thursday, cotton policy, Karachi Cotton Association, limited stocks with ginners, Only small lot deals changed hands, owing to dwindling stocks, protected cotton growing areas, Shortage of quality cotton, Slow trading witnessed, spot rates were reduced by rupees fifty

Slow trading witnessed at cotton market on Thursday owing to dwindling stocks in the country and shortage of quality cotton. The Karachi Cotton Association’s spot rates were reduced by Rs50 to Rs6,750 per maund (around 37 kilograms).

Only small-lot deals were reported to have changed hands as spinners kept looking for quality cotton but mostly failed due to limited stocks with ginners.

Meanwhile, ginners fear that the next crop could also be short if the government did not come up with a cotton policy and protected cotton-growing areas which are shifting to sugar cane.

Moderate trading session seen at cotton market with steady cotton prices

Related Keywords: cotton bales, cotton market on Tuesday, ginners kept asking for higher prices, Karachi Cotton Association, limited stocks, lint, owing to short supply of quality cotton, spinners were reluctant to pay more, spot rate remained intact, Trading session remained moderate

Trading session remained moderate at the cotton market on Tuesday owing to short supply of quality cotton. The Karachi Cotton Association's (KCA) spot rate remained intact at Rs 6,800 per maund. While ginners kept asking for higher prices due to limited stocks, spinners were reluctant to pay more, brokers said.

According to a senior trader, Ghulam Rabbani, the volumes remained small with growing demand for better grades of lint on slightly higher price by the mills and spinning sector during the trading session.

Cotton market witnessed sudden revival of buying interest

Related Keywords: Cotton market, Karachi Cotton Association, lint prices generally remained steady, no apparent reason, replenish their stocks, small spinners also actively participated, spot rates unchanged, two leading spinners moved into the trading ring, witnessed sudden revival of buying interest

Cotton market witnessed sudden revival of buying interest on Wednesday, there was no apparent reason for it, except that two leading spinners moved into the trading ring to replenish their stocks, brokers said. The lint prices generally remained steady.

Many small spinners also actively participated in the proceedings and were eager to book maximum quantity of cotton, but most of them returned disappointed due to short supply.

Cotton price remain steady leaving market largely devoid of activity

Related Keywords: Cotton market, Cotton prices remained steady, Ginners, Karachi Cotton Association, kept its spot rates unchanged, leading buyers remained on the sidelines, leaving market largely devoid of activity, quality cotton, seed cotton, Spinners

Cotton prices remained steady at cotton market on Tuesday leaving the market largely devoid of activity as leading buyers remained on the sidelines. The Karachi Cotton Association also kept its spot rates unchanged.

However, KCA fixed the official spot rate, or base price, for Grade 3 cotton at 7,127 rupees per maund (40 kg). Grade 3 cotton has a staple length of 1-1/16" and micronaire value between 3.8 and 4.9 NCL (no control limits), which represents fine to coarse classes of cotton varieties.

Renwed buying witnessed at cotton market but at the lower level

Related Keywords: but at the lower level, cotton bales, Karachi Cotton Association, left spot rates unchanged, market still remained devoid of much needed trading activity, Pakistan cotton market, recovers part of recent losses, Renewed buying interest

Pakistan cotton market recovers part of the recent losses with renewed buying interest on Wednesday but at the lower level. However, the market still remained devoid of much-needed trading activity.

Cotton prices after touching a peak level came under correction on profit-selling but now once again started bouncing back on renewed buying interest, brokers said.

Sluggish off-take of cotton yarn and textile products are dampening sentiment but some needy spinners rushed to replenish their stocks to meet their immediate needs.

Renewed buying interest seen at cotton market as prices low

Related Keywords: attracted many small spinners, Karachi Cotton Association, Low cotton prices, meet their day to day demand, Pakistan cotton market, result renewed buying interest, spot rates unchanged, who mostly depend on short covering

Low cotton prices attracted many small spinners who mostly depend on short covering to meet their day to day demand. As a result renewed buying interest was seen on Tuesday at the Pakistan cotton market.

Phutti (seed cotton) prices also came down and were being quoted in the range of 3,300 to 3,350 per 40 kilograms. However, reports from cotton fields suggested that very little phutti has left for picking.

Brokers said that leading spinners are currently preoccupied in payments against their imports and were conspicuous by their absence.

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