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Cotton price remains stable

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During the trading session at Pakistan cotton market, prices remained stable. Buyers made deals for all qualities offered by the ginners. Deals changed hands at around Rs 6,025 per maund to Rs 7,325 per maund. Domestic buyers were buying better grades on a bit higher price as they bought around 200 bales at Rs 7,250 per maund.

Spinners and mills remained quality conscious and made selective deals on slightly higher prices during the session while the leading sellers sensing future demand of quality lint offered few stocks on higher prices to the buyers.

Cotton buying firm during trading session

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During the trading session, buyers bought all qualities of lint offered by the ginners, leading ginners sensing future demand of quality lint offered few stocks on high prices to the buyers. While, spinners bought quality cotton on slightly higher prices during the session.

The cotton trading remained firm amid steady spot rate and around 1,500 bales changed hands.

Ghulam Rabbani, a senior trader said that the buyers were accepting a bit higher prices as the leading millers bought around 900 bales at Rs around 6,575 per maund during the session.

Price stable on cotton market

Related Keywords: cotton bales, cotton price remained stable, future demand of quality lint, KCA, leading buyers, made deals for all qualities of lint, offered by ginners, quality cotton, remained intact, slightly higher prices, Spinners, spot rate, Trading session at cotton market

During the trading session at cotton market, cotton price remained stable. Leading buyers made deals for all qualities of lint offered by the ginners during the trading session, traders said.

While, spinners remained eager for quality cotton on slightly higher prices during the session while the leading ginners sensing future demand of quality lint offered few stocks on higher prices to the buyers

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