News Tags

Related Keywords: anticipation decline in spot rate, depending on grade issue, fibre traders, firm physical prices at lint market, immediate need of lint, KCE, leading buyer, making any big deal, Normal trading, only made deals on selective note, remained cautious, trading session

Leading buyer remained cautious in making any big deal as they only made deals on selective note depending on grade issue and their immediate need of lint in anticipation of decline in spot rate during trading session and with firm physical prices at lint market, fibre traders said.

Forward trading for a month period also took place, traders at the Karachi Cotton Association (KCA) said. KCA kept the spot rate intact at Rs 6,800 per maund in order to provide support to weak stakeholders of raw grade to ward off minimal price level.

Related Keywords: amid a decline in production, increase in cotton demand, Karachi cotton exchange, mills going for more buying, Normal trading, spot rate, surge in consumption, Trading at cotton market stable

Trading at cotton market stable with increase in cotton demand as mills are going for more buying, amid a decline in production and surge in consumption.

At the Karachi Cotton Exchange on Tuesday witnessed normal trading with spot rates remaining unchanged.

KCE recorded domestic transactions of around 5,000 bales in between Rs6,700/maund to Rs7,000/maund from six stations that included Fort Abbas, Dharanwala, Maroot, Haroonabad, Hasilpur and Mian Channu.

Related Keywords: active trading, Karachi cotton exchange, low yarn demand, Normal trading, prices of seed cotton, remained unchanged, spot rate, upcountry expenses

Normal trading was seen happening on Tuesday at the Karachi Cotton Exchange, the spot rate also remained unchanged. The spot rate stood unchanged at Rs4,950 per maund (37.324kg) and Rs5,305 per 40kg. Ex-Karachi price also remained the same at Rs5,100 per maund and Rs5,465 per 40kg after addition of Rs150 and Rs160 as upcountry expenses, respectively.

The KCE recorded transactions of around 20,000 bales in the range of Rs4,000 per maund to Rs5,200 per maund.