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Cotton prices stable on moderate buying at lint market

Related Keywords: build up inventories, cotton bales, Cotton prices remain stable, Forward deals for better, give price benefit to sellers, improved supplies of all grades, kept trading moderate, Lint market, mills and spinners, physical prices within reach of buyers, reports of paucity of better grades of lint this season, second grade of lint, selective buying

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.

Mills seen making fresh buying amid hovering fears of rise in rates

Related Keywords: amid hovering fears of rise in rates, cotton bales, Cotton market, mills and spinners, official spot rate remain unchanged, replenish stock, seed cotton prices, seen making fresh buying

Mills and spinners were seen making fresh buying amid hovering fears of rise in rates to replenish their stock at cotton market, dealers said. The official spot rate remain unchanged at Rs 5,900.

In Sindh, seed cotton prices at Rs 3100-3200 and in Punjab rates of Phutti were at Rs 2900-3100, as per 40 kg, dealers said. In ready business, over 13000 bales of cotton changed hands between Rs 6000 and Rs 6250.

Prices failed to maintain firmness due to dull business

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.

Cotton market witnessed gain in prices due to short supply

Related Keywords: cotton bales, cotton belt, gain in cotton price, ginning process, maintained rising trend, mills and spinners, Pakistan Cotton Ginners Association, Pakistan cotton market, ready business, seed cotton price, short supply of quality lint, spot rate

Pakistan cotton market due to short supply of quality lint witnessed overnight gain in cotton price on Saturday. In the ready business, around 13,000 bales of cotton changed hands between Rs 5100 and Rs 5500. The official spot rate maintained rising trend for the second day, gaining further Rs 50 more at Rs 5,300, dealers said.

While, in Sindh, seed cotton prices were at Rs 2000-2200, and Punjab prices at Rs 2500 and Rs 2900.

Delay in announcing relief package keep trading at cotton market moderate

Related Keywords: APTMA going on strike, delay in announcement of relief package by the government, forward buying, mills and spinners, moderat trading activity witnessed, Pakistan cotton market, price fall

The Pakistan cotton market on Tuesday witnessed moderate trading activities as the members of the All Pakistan Textile Mills Association (APTMA) are going on strike against delay in announcement of relief package by the government.

The official spot rate remained unchanged at Rs 5200 while in the ready business, over 16,000 bales of cotton changed hands between Rs 4600 and Rs 5400, dealers said. In Sindh, seed cotton prices were unchanged at Rs 2500 and Rs 2700 and in Punjab prices were at Rs 2500 and Rs 2800.

Prices remained within the reach of buyers with some cautious activity at cotton market

Related Keywords: arrival of cotton seed, better grades at slightly higher price, buyers made deals, changing spot rate during trading session, forward deals, KCA, lint market in Pakistan, mills and spinners, Moderate trading

Moderate trading was witnessed at lint market in Pakistan with buyers making deals for better grades on slightly higher price amid changing spot rate during trading sessions past week. Buyers also made some forward deals on back of grade issue at around Rs 5,050 per maund to Rs 5,075 per maund, traders said on Saturday.

According to floor brokers, prices remained within the reach of buyers with some cautious activity. The Karachi Cotton Association (KCA)’s spot rate remained firm to stay at Rs 4,550 per maund.

Trading activity on cotton market remained moderate

Related Keywords: cotton bale, due to quality factor, Ginners, major buyers on sidelines, mills and spinners, official spot rate, Pakistan cotton market, seed cotton price, trading activity moderate

As major buyers were on the sidelines due to quality factor, trading activity remained moderate on the cotton market on Tuesday, dealers said.
Seed cotton prices in Sindh were at Rs 2300-2350 and in Punjab rates were at Rs 2350 and Rs 2450. In the ready business, around, 3000 bales of cotton changed hands between Rs 4700 and Rs 5000. However, the official spot rate remained unchanged at Rs 4700.

According to analysts, some needy mills and spinners took part in fresh buying of seed cotton while ginners preferred to sell to meet their financial problems.

Slow trading activity seen owing to tight supply of quality lint

Related Keywords: boosted rates, Cotton market, Karachi cotton exchange, mills and spinners, PCGA, spot rate, Thin business activity, tight supply of quality lint, world commodity market

Thin business activity was seen as mills and spinners were disappointed owing to tight supply of best quality lint which boosted the rates as the result they were unable to make deals on the cotton market on Monday, dealers said.

The official spot rate was unchanged at Rs 5000, dealers said. In the ready session, over 4,000 bales of cotton changed hands between Rs 4625 and Rs 5275, they said. The prices of seed cotton in Sindh were at Rs 1900 and Rs 2350 and in Punjab rates were at Rs 2000 and Rs 2650, they said.

Good trading activity was witnessed at Pakistan cotton market

Related Keywords: Ashura holidays, buying cotton, cotton prices, mills and spinners, Pakistan cotton market, procurement price, stability in rates, TCP, trading activity

Pakistan cotton market witnessed good business with mills and spinners continued buying on expectations of increase in prices in times to come, on Friday. According to Market sources, no major change in the prices seen after the TCP's announcement of procurement price at Rs 6864 per maund to bring stability in the rates

Firm price trend was seen on cotton market

Related Keywords: Cotton market, cotton prices, Ginners, mills and spinners, Pakistan cotton market, spot rate

Prices on the cotton market remained firm in the process of meek trading as mills and spinners kept on the sidelines ahead of Eid-ul-Fitr holidays. The official spot rate held the overnight level at Rs 5800. The prices of seed cotton in Sindh and Punjab stayed unchanged at Rs 2800-2900.
 
The mills were not taking interest in purchasing of cotton due to quality factor, the fall in the business activity is attributed to ginners' attitude toward new deals as most of them were not in favour of deals at the present levels.
 

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