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At lint market, demand for better lint grades kept trading firm. Leading buyers fortified their long positions by making deals for better grades of cotton at Rs 6,700-Rs 6,750 per maund, on the back of anticipated short supply of better grades during upcoming trading sessions.

Demand for better grades of lint would keep quality conscious buyers make forward deals for a month’s delivery period in coming days.

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Cotton prices remain stable with selective buying and improved supplies of all grades at lint market. Physical prices were within the reach of buyers, whereas, reports of paucity of better grades of lint this season could give price benefit to sellers. Forward deals for better and second grade of lint kept trading moderate at lint market.

Despite the fact that more cotton had been produced by the country up to Oct 1, 2017 over the corresponding period last year, however the glut did not dent prices due to oversold position of ginners.

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Trading activity at lint market remains selective on grade issue while some buyers made deals on slightly high price on shrinking better grades of lint that also kept general prices in green zone. Also some deals were made for second grade stuff on premium price.

Some of the leading buyers in Sindh and Punjab stations during trading session made forward deals on slightly higher price at around Rs6,725 per maund for consolidating inventories, floor brokers said.

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At lint market, buyers made majority deals which were grade-selective while some buyers made deals for second grade stuff on premium price. Forward deals also changed hands as buyers consolidated inventories in Sindh and Punjab stations during trading session, floor brokers said.

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At lint market although buyers remained focused on better grades but higher demand for second of lint kept trading activities moderate amid firm physical prices. Second grade of lint fetched better price as buyers bought all grades on cautious note, floor brokers said.

Better grades of lint remained in demand on back of depleting stocks and demand for other grades of lint would not gain momentum, as buyers were eyeing influx of better cottonseed in the ginneries.

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A slow pace of trading in the lint market witnessed as buyers made selective deals for second grade of lint, while forward deals were also made for better grades, traders said.

During the trading session, spinners and mills in Sindh and Punjab stations made deals for second grade lint, while sellers offered all grades of lint at around Rs 5,975 per maund to Rs 6,775 per maund in order to capitalise maximum returns on their proceeds.

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During the trading session, buyers remained eager for quality lots keeping physical price firm in lint market, while prices remained attracted for buyers with less liquidity, traders at the Karachi Cotton Association (KCA) said on Wednesday.

Mills in Sindh and Punjab stations made deals for 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 5,450 per maund in order to capitalize maximum returns on their proceeds.

Related Keywords: buyers reluctant to make sizeable deal, cotton bales, ginning units, KCA, Lint market, on grade issue, remained lean, Spinners, spot rate, textile sector, though price low, trading activity

Trading activity remained lean as buyers were reluctant to make any sizeable deal though price was low at the lint market on grade issue, floor brokers said. Some spinners finalized deals of fine type to meet immediate need and around 200 bales changed hands.

The Karachi Cotton Association (KCA) spot rate remained firm at Rs 5,300 per maund. The volumes were slow with traders purchased just 200 cotton bales in the ready market of Sindh and Punjab at Rs 4,950 per maund to Rs 5,450 per maund.

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During the trading session, many buyers made deals in fine grade to strengthen their long positions in the lint market that kept physical prices firm. Trader at the Karachi Cotton Association (KCA) also said that some leading buyers made a month period forward deals for all grades on Saturday.

Related Keywords: KCA, leading buyers, Lint market, made deals on slightly higher price, Pakistan cotton market, physical prices firm, remained grade conscious, selective buying, Spinners, spot rate

Leading buyers at cotton market remained grade conscious and only made deals on slightly higher price according to their immediate need of lint. Selective buying in lint market kept physical prices firm, said traders at the Karachi Cotton Association (KCA) on Monday.

During the trading session, mills in Sindh and Punjab stations purchased all grades on cautious note as grade issue was continue. Traders offered all grades of lint on bargaining rates at around Rs 4,675 per maund to Rs 4,975 per maund in order to capitalise maximum returns on their proceeds, floor brokers said.