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Trading remain dull at cotton market

Related Keywords: buyers remained on the sidelines, buying local cotton, cut in the sales tax and Customs duty on cotton imports, dull trading, Ex-Karachi rates also remained unchanged, four transactions recorded, Karachi Cotton Brokers Association, Karachi cotton exchange, Prices of cotton and yarn in the local market dropped, spot rates unchanged

Dull trading was seen at the Karachi Cotton Exchange on Saturday, while spot rates continued to remain unchanged at Rs7,500/maund (37.324kg) and Rs8,038/40kg.

Ex-Karachi rates also remained unchanged at Rs7,645/maund and Rs8,193/40kg after an addition of Rs145 and Rs155 as upcountry expenses, respectively.

A total of four transactions were recorded of around 2,500 bales only at a price of Rs6,900 to Rs7,800/maund. Of these, 1,000 bales each were recorded from Rahimyar Khan and Haroonabad, 440 bales from Mianwali and 800 bales were traded from DG Khan.

Upward trend seen in cotton prices

Related Keywords: cotton arrival trend, cotton bales, Ex-Karachi rates also rose, Karachi cotton exchange, spot rates increased Rs200 per maund, trading continued to remain slow

At the Karachi Cotton Exchange on Wednesday, trading continued to remain slow while spot rates increased Rs200/maund to Rs7,800/maund (37.324kg) and Rs8,359/40kg. Ex-Karachi rates also rose to Rs7,945/maund and Rs8,514/40kg after an addition of Rs145 and Rs155 as upcountry expenses, respectively.

A total of eight transactions were recorded of around 13,000 bales at a price of Rs8,000 to Rs8,100/maund. Deals were recorded from Ghotki, Kot Sabzal, Liaquatpur, Khanpur, Rahimyar Khan, Mian Channu, Rajanpur and DG Khan.

Cotton price continued to remain unchanged

Related Keywords: cotton bales, Cotton market, cotton price remained firm, demand for quality lint, Karachi cotton exchange, slow trading activity, unchanged spot rates

At the Karachi Cotton Exchange on Thursday, slow trading activity was witnessed also the spot rates remained unchanged at Rs7,000/maund (37.324kg) and Rs7,502/40kg.

Ex-Karachi rates also stood firm at Rs7,145/maund and Rs7,657/40kg after an addition of Rs145 and Rs155 as upcountry expenses, respectively.

The cotton market recorded only 10 transactions of around 1,500 bales at a price of Rs6,300 to Rs7,500/maund. Notable transactions were recorded from Daharki, Ghotki, DG Khan, Jahanian, Faqirwali, Haroonabad and Bahawalnagar.

Slow down in trading activity at cotton market

Related Keywords: cotton bales, Cotton market, December closing, Karachi Cotton Association, Karachi cotton exchange, kerb market, second grade of cotton, slow down in trading activity, Spinners, spot rates remained unchanged, trading remained slow

Cotton market witnessed slowed down in trading activity due to December closing. At the Karachi Cotton Exchange on Tuesday, trading remained slow, while spot rates remained unchanged.

The spot rates stood firm at Rs7,000/maund (37.324kg) and Rs7,502/ 40kg. Ex-Karachi rates also remained unchanged at Rs7,145/ maund and Rs7,657/ 40kg after an addition of Rs145 and Rs155 as upcountry expenses, respectively.

Cotton trading stable

Related Keywords: cotton bales, Cotton market, demand for good quality local lint, due to holidays and bank closing, Karachi cotton exchange, low trading next week, remained stable, spot rate, trading activities

Trading activities at cotton market remained stable with demand for good quality local lint. According to analyst, trading activity would be low next week due to holidays and bank closing.

At the Karachi Cotton Exchange on Thursday, normal trading continue while spot rates remained unchanged.

The spot rates stood firm at Rs7,000/maund (37.324kg) and Rs7,502/40kg. Ex-Karachi rates also remained unchanged at Rs7,145/maund and Rs7,657/40kg after an addition of Rs145 and Rs155 as upcountry expenses, respectively.

Higher demand impact prices at lint market

Related Keywords: bought better grades of lint, Buyers anticipating shrinking of better grades, Cotton trading slowed down, during trading session, factor that impact prices of cotton, grade related demand remained on higher side, increase in prices, Increasing trend in dollar, Karachi cotton exchange, leading stations of Punjab and Sindh, spot rate increased

Buyers anticipating shrinking of better grades and increase in prices, bought better grades of lint in during trading session at leading stations of Punjab and Sindh. Increasing trend in dollar is also a factor that has impact prices of cotton while grade related demand remained on higher side.

Buyers also made forward deals for a month delivery period in order to fortify their inventories during trading session at Punjab and Sindh stations.

Modest change in cotton rates

Related Keywords: 000 bales of cotton changed hands, active buying by mills, cotton bales, Cotton market, Cotton rates move up modestly, Karachi cotton exchange, official spot rate remained unchanged, over 20, ready session, trading process

Cotton rates to move up modestly on the cotton market on Wednesday during the trading process with active buying by mills, dealers said. The official spot rate remained unchanged at Rs 6,600. In ready session, over 20,000 bales of cotton changed hands between Rs 6250-7000.

While, in Sindh, seed cotton prices were same at Rs 2700-3200, in the Punjab, rates also held the overnight levels at Rs 2700-3300, as per 40 kg.

Trading activity at cotton market witnessed steady trend

Related Keywords: active trading was recorded, cotton bales, Cotton market, helped rates, Karachi cotton exchange, keep present levels, lack of quality lint, process of trading on Wednesday, propelled mills and spinners to keep buying, Renewed buying interest, spot rates remained unchanged

Renewed buying interest at the cotton market helped the rates to keep present levels in the process of trading on Wednesday, as per dealers. At the Karachi Cotton Exchange, active trading was recorded, while spot rates remained unchanged at Rs6,600/maund (37.324kg) and Rs7,073/40kg. Ex-Karachi rates also remained unchanged at Rs6,745/maund and Rs7,228/40kg after an addition of Rs145 and Rs155 as upcountry expenses, respectively.

In Sindh, seed cotton prices were same at Rs 2800-3350, in the Punjab, rates were at Rs 2800-3500, as per 40 kg, dealers said.

Active trading activity continued on the cotton market

Related Keywords: cotton arrival, Cotton market, Karachi cotton exchange, kept trading activity brisk, needy spinners, pushed lint prices higher, rising trend in prices, second consecutive session on Thursday, selling pressure checked, some exporters, spot rate, strong demand, trading session

Strong demand from needy spinners and some exporters pushed lint prices higher and kept trading activity brisk on the cotton market for the second consecutive session on Thursday. Consequently, during second half of the trading session selling pressure checked the rising trend in prices.

However, by and large buyers remained in the forefront and tried to get hold of quality lots. As a result prices moved higher by Rs50 in ready trading. The official spot rates were also revised higher by Rs50 to Rs6,100 per maund.

Improvement recorded in cotton trading

Related Keywords: Buyers at lint market, cotton bales, forward trading, immediate need of lint, in anticipation of decline in spot rate, Karachi cotton association, Karachi cotton exchange, made deals for better grades of lint, market sentiments remained steady, Most of the buyers made deals, on back of grade issue, paying premium price, spot rate

The buyers at lint market made deals for better grades of lint paying premium price, while market's sentiments remained steady on forward trading, traders said. Most of the buyers made deals according to their immediate need of lint on back of grade issue and in anticipation of decline in spot rate, they added.

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