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Related Keywords: cotton market on Wednesday, fresh buying interest, Karachi cotton market, KCE, market sources, official spot rate stable trend, prices gained momentum, process of modest trading, pushing rates sharply up, spinners to replenish their stocks, spot rate, strong demand for quality lint

The cotton market on Wednesday was in the process of modest trading with strong demand for quality lint pushing the rates sharply up. According to the market sources, prices gained momentum on fresh buying interest by the spinners to replenish their stocks.

The official spot rate after maintaining a stable trend went up by Rs 100 to Rs 7000, dealer said. In Sindh and the Punjab, seed cotton prices were at Rs 2400-3000 while in the ready session, approximately, 5000 bales of cotton changed hands between Rs 7000-7400.

Related Keywords: arrival of quality lint slow, cotton bales, Cotton market, leading mills and spinners, market sources, official spot rates, sluggish demand, unchanged, witnessed modest trading activity

Cotton market on Tuesday witnessed modest trading activity, dealers said. The official spot rates unchanged at Rs 6250. According to the market sources, arrival of quality lint was slow, which caused sluggish demand by leading mills and spinners.

As per dealers, the seed cotton prices in Sindh were at Rs 2600-3200 and in Punjab rates were at Rs 2800-3400, per 40 Kgs.

Cotton analyst, Naseem Usman said that the cotton yarn market continues to be sluggish, it looks that present trend may maintain for the near future..

Related Keywords: cotton bales, dwindling stock on quality lint, extended overnight gain, gaining momentum, international market, market sources, official spot rate, Pakistan cotton market, prices are drifting lower, process of modest trading, rates in local market, short supply position, slow demand, ushing the prices further upward

The dwindling stock of quality lint is pushing the prices further upward at the cotton market on Friday in the process of modest trading, dealers said. According to market sources, in the international market, prices are drifting lower on slow demand but rates in local market gradually gaining momentum on the short supply position.

The official spot rate extended overnight gains, picking up further Rs 25 to Rs 5,650 dealers said.

Related Keywords: ahead of PCGA fortnightly report, China plans to cut production, cotton bales, indulged in fresh buying, leading buyer, market sources, Pakistan cotton market, seed cotton, Spinners, spot rates remained unchanged, trading activity improved

With some leading buyers indulged in fresh buying ahead of the Pakistan Cotton Ginners Association (PCGA) fortnightly report due shortly, trading activity on the cotton market witnessed improved on Wednesday, according to market sources.

In the ready business, about 4000 bales of cotton changed hands between Rs 4700 to Rs 5600, dealers said.

However, the official spot rate remained unchanged at Rs 5,350. While, in Sindh, prices of seed cotton remained between Rs 1600 and Rs 2800, in the Punjab, rates were at Rs 2000 and Rs 3000.