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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.

Related Keywords: buyers remained eager for quality lots, capitalize maximum returns on their proceeds, Cotton growers, influx of better grade, KCA, Lint market, made deals for all grades, Mills in Sindh and Punjab stations, Pakistan cotton market, physical price firm, spot rate, trading session

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: capitalise maximum returns, cotton bales, Cotton growers, cotton growing belts, fine lint in demand, ginning units, KCA, Lint market, Mills in Sindh and Punjab stations, month period forward deals, physical prices firm, spot rate, textile sector, trading session

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.