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Better grades of lint remain in focus at leading stations

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At leading stations of Punjab and Sindh, better grades of cotton fetched above Rs 7,075 per maund and deals for second grade of lint were matured above Rs 7,000 per maund during trading session. Demand for better grades of lint would keep market sentiments in green till the time when second shipment of import more than 100,000 bales could arrive.

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.

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