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Less demand for yarn and low quality of old stocks, kept mills and spinners most of the time on the sidelines, due to which cotton market witnessed an eventless trading session on Friday. Not a single transaction was finalized on the cotton market.

The Karachi Cotton Association (KCA) left the spot rate unchanged at Rs5,500/maund. The KCA fixed the official spot rate, or base price, for Grade 3 cotton at Rs5,894/maund.

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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.

Related Keywords: buyers purchasing lint of all qualities, fine lint in focus, general price remain firm, KCA, meet domestic and international commitments of yarn and cloth, Pakistan cotton market, sellers and buyers remained entangled in price war, shrinking stocks of better grades, spot rate, steday spot rate, US cotton prices higher, volumes moderate

At cotton market, general price remained firm during trading activity and volumes were moderate as buyers were purchasing lint of all qualities to meet domestic as well as international commitments of yarn and cloth. However, fine lint remained in focus amid steady spot rate and shrinking stocks of better grades, traders said.

According to floor brokers, sellers and buyers remained entangled in price war and buyers made deals for all grades on competitive price at around Rs 4,975 per maund to Rs 5,025 per maund.

Related Keywords: China may boost import quotas, despite sharp rise in world market, ginners upset on expectations of better return, KCA, locally prices coming down, mills and spinners, new cotton crop arrivals expected middle June, official spot rate lower, prices failing to maintain firmess, Trading activity at cotton market

Trading activity at cotton market on Friday witnessed prices failing to maintain firmness as mills and spinners kept on the sidelines in the absences of motivating factor, dealers said. Market sources said that main buyers were on the sidelines after news started reaching that new cotton crop arrivals are expected in middle of June.

Heat wave and early sowing helped cotton crop mature early, the ginners who have nearly 200,000 bales with them on expectations of better return were upset.

Related Keywords: bought all grades, buyers in Sindh and Punjab station, capitalize maximum retunrs on proceeds, cotton grower, cotton growing belt, grade-conscious buyers, KCA, made deals on slightly higher price, prices remain under stress condition, selective buying, spot rate, Trading session in lint market

During the trading session in lint market, prices remained under stress condition due to selective buying. However, buyers in Sindh and Punjab stations bought all grades on cautious note as grade issue was continued. Traders offered all grades of lint on bargaining rates at around Rs 4,975 per maund to Rs 5,375 per maund in order to capitalize maximum returns on their proceeds, floor brokers said.

While, traders at the Karachi Cotton Association (KCA) said that grade-conscious buyers made deals on slightly higher price on Thursday.

Related Keywords: buyers made deals for all grades, ginners of Punjab, ginners of Sindh offered low grade lint, KCA, offered cotton of all grades, Pakistan cotton market, slightly higher price, spot rate, textile sector, trading session

During the trading session on cotton market, buyers made deals for all grades on slightly higher price at around Rs 5,000 per maund to Rs5,650 per maund and around 300 bales changed hands, said floor brokers.

The ginners of Punjab offered cotton of all grades to the buyers around Rs 5,000 per maund to Rs 5,150 per maund while ginners of Sindh offered low-grade lint to the buyers around Rs 4,975 per maund.

Related Keywords: cotton bales, Cotton market, cottonseed prices, focus on fine grades, ginners sped up their deliveries, KCA, lint trading, official spot rate firm, physical prices firm, spinners made deals of all grades

With firm physical prices, lint trading remained fair as fine grades were in focus. The official spot rate remained firm at Rs 5,650 per maund while cottonseed prices in Sindh stood around at Rs 3,250 per maund and Rs 3,375 per maund and in Punjab rates stayed at Rs 3,450 and Rs 3,625 per maund, traders said.

Due to better arrival of cottonseed and ginners sped up their deliveries in anticipating increase in demand in the near future keeping the economic activities firm floor brokers said.

Related Keywords: buyers and sellers, buyers purchased, Cotton market, entangled in price war on second grade stuff, fine grade lint, ginning unit, KCA, making eals for fresh fine lots, slightly higher price, spinner and miller, spot rate remained firm, textile sector, three hundred bales changed hands, trading session

During the trading session at cotton market, buyers purchased fine grade lint on slightly higher price at around Rs5,000 per maund to Rs5,525 per maud. Around 300 bales changed hands, said floork brokers.

The Karachi Cotton Association (KCA) spot rate remained firm at Rs 5,650 per maund.

According to a senior trader, Ghulam Rabbani, buyers and sellers remained entangled in price war on second grade stuff and buyers bought grade at around Rs 5,375 per maund to cater their immediate need.

Related Keywords: back of grade issue, buyers remain cautious in making big deal, cotton bales, Cotton market, cotton production, decline in spot rate, demand for fine grades, forward deals of all grade lint, immediate need of lint, KCA, moderate trading seen

At cotton market, moderate trading was seen as buyers 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, traders at the Karachi Cotton Association (KCA) said on Wednesday.

KCA kept the spot rate intact at Rs 5,650 per maund in order to provide support to weak stakeholders of raw grade to ward off minimal price level, said floor brokers.

Related Keywords: cotton bales, Cotton market, demand is surging with passage of time, facing shortage, fresh selling of cotton, Ginners, KCA, official spot rate down, prices heading towards season high, seed cotton price, tight supply of quality lint, unsold stock

At cotton market on tight supply of quality lint witnessed prices heading towards season’s high on Monday dealers said. Some brokers said that demand is surging with the passage of time as country is facing shortage of nearly 5 million bales of cotton.

The official spot rate gained Rs 100 to Rs 5,650. In Punjab, seed-cotton prices were at Rs 3000 and Rs 3200 while in the ready business, around 11000 bales of cotton changed hands between Rs 5100 and Rs 5950.