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Related Keywords: amid easing physical price, Buyers made selective deals on day basis, dull trading, forward deals in second grade lint, high demand despite meager supply, KCA, paucity of better grades, spot rate, witnessed at lint market

Dull trading was witnessed at lint market on paucity of better grades amid easing physical price, traders said. Buyers made selective deals on day basis and forward deals in second grade lint due to which it remained in high demand despite meager supply, floor brokers said.

Also leading buyers made one month forward deals for better grade during trading in Punjab and Sindh stations.

The buyers bought all grades at around Rs 5,000 per maund to 6,200 per maund, traders at the Karachi Cotton Association (KCA) said.

Related Keywords: amid improved exports, continued to book big lot deals, cotton prices hit to a seasonal high, deals in Sindh variety cotton were transpired, for new crop, KCA, local market remained highly volatile, meet rising demand, Pakistan cotton market, panicked spinners, slow arrivals of phutti, spot rate

As panicked spinners continued to book big-lot deals to meet their rising demand amid improved exports, cotton prices hit to a seasonal high for new crop on Thursday at cotton market.

The local market also remained highly volatile as slow arrivals of phutti (seed cotton) failed to meet a surge in cotton demand from spinners, influenced by global factors of a big gap between demand and supply, brokers said.

Most deals in Sindh variety cotton were transpired at Rs6,350 per maund (around 38 kilograms) and that of Punjab quality at Rs6,400 per maund.

Related Keywords: bargaining prices, blending purpose, buyers made cautious deals for second grade lint, domestic market, Ginners, insignificant demand from leading buyers, KCA, Pakistan cotton market, spot rate, textile sector, Trading activity remain dully

Trading activity remained dull at the cotton market on insignificant demand from leading buyers. According to floor brokers, buyers made cautious deals for second grade lint for blending purpose on bargaining prices at around Rs 5,300 per maund during the trading session. Around 200 bales changed hands.

The Karachi Cotton Association (KCA) corrected the spot rate downward by Rs 50 per maund to remain at Rs 5,750 per maund.

Related Keywords: cotton producing countires, heavy buying witnessed, helped cotton prices recover recent losses, KCA, meet near future needs, needy spinners, Pakistan cotton yarn, pushed cotton prices higher, ready counter, ready market trend, rushing back to replenish their stock, spot rate

With needy spinners rushing back eagerly to replenish their stocks to meet their near-future needs, heavy buying was witnessed which helped cotton prices to recover recent losses. The steady flow of buying pushed cotton prices higher on ready counter.

Also fear of disruption in phutti (seed cotton) supply from cotton fields into ginneries owing to expected heavy rains in the coming days generated buying activity.

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.

Related Keywords: accelerated local market, Cotton market, increasing interest of Indian spinning mill owners, increasing trend in its prices, KCA, Pakistani cotton, prices in both Indian and Pakistani markets, short supply of cotton, slowed down trading activity, spot rate, strong demand from spinners, yet brisk trading

Although short supply of cotton to some extend slowed down the trading activity at the cotton market yet brisk trading was seen on Friday amid strong demand from spinners. Cotton brokers said that increasing interest of Indian spinning mill owners in Pakistani cotton has accelerated the local market.

The Karachi Cotton Asso¬ciation, however, reduced its spot by Rs50, to Rs5,550 per maund.

According to cotton brokers, July will be very crucial month in connection with the cotton as there is an increasing trend in the prices of cotton in the Indian cotton market.

Related Keywords: all grades on bargaining prices, Buyers made a month forward deals, domestic price, growing demand of cloth and yarn, KCA, moderate trading activity, spot rate gained strength, strong physical price, witnessed at cotton market

Moderate trading activity was witnessed at the cotton market with strong physical price. Buyers made a month forward deals for all grades on bargaining prices at around Rs 5,125 per maund during the trading session,said floor brokers.

The Karachi Cotton Association (KCA) spot rate gained strength and closed at Rs 5,600 per maund.

According to senior trader, Ghulam Rabbani, leading buyers were eager for fine grades and even paying slightly higher price on the back of growing demand of cloth and yarn and also as import was costly comparing to domestic price.

Related Keywords: better benefits of GSP plus status, Better volumes of second grade of lint, bought all grades, buyer remained cautious, buyers in Sindh andPunjab stations, Cotton import from India, cotton sector, decline in spot rate, KCA, kept trading firm, making any big deal, textile sector

Better volumes of second grade of lint kept the trading firm, traders at the Karachi Cotton Association (KCA) said on Tuesday. 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.

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.

Related Keywords: amid fall in cotton yarn demand, cotton price move downwards, KCA, lack of buying interest, local spinners and mills, market failed to attract buying interest, Pakistan cotton market, spot rate unchanged, turnover remined low

At the end of week, cotton market turnover remained low due to lack of buying interest from local spinners and mills. Cotton prices continued to move downwards on Saturday, amid fall in cotton yarn demand.

Traders bought near 1500 bales at the ready counter with prices plunging down to Rs5,300/maund. Brokers said that trader sentiments remained bearish as they preferred to make small transactions in accordance with their immediate demand.

The Karachi Cotton Association kept the spot rate unchanged at Rs5,500/maund.

Related Keywords: demand for raw cotton gone up, end of June this year, forced leading buyers of Pakistan textile and commercial sector, global market, India, KCA, make contract for cotton bales, Shortfall in cotton production, Textile and spinning sector to bear load of imports, with traders in South Africa, with USA for prime cotton grade

The shortfall in cotton production 2015-16 season in the country has forced leading buyers of Pakistani textile and commercial sector to make import contracts for 300,000 cotton bales with traders in South Africa, India and with USA for prime cotton grade (PIMA) during May-June 15, 2016.

According to senior member of Karachi Cotton Association (KCA), exporter, importer and ginner Ghulam Rabbani, they expect to import more than 1.5 million bales of various qualities amounting to $24.3 billion till end this year.