Related Keywords: buyer remained caution in making big deals, cotton import by textile sector would go up, cotton trading session, decline in spot rate, grade issue, KCA, made deals for all grades on competitive price, made deals to meet immediate need of lint, Mills in Sindh and Punjab stations, moderate volumes on grade issue of lint
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.
