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Trading at cotton market improves

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Trading activity at the Karachi Cotton Exchange showed improvement on Monday, while spot rates increased Rs50/maund to Rs6,350/maund (37.324kg) and Rs6,805/40kg. Ex-Karachi rates also increased to Rs6,485/maund and Rs6,950/40kg after an addition of Rs135 and Rs145 as upcountry expenses, respectively.

KCE recorded eight transactions of around 4,000 bales of the new crop from Sindh and Punjab at a price of Rs6,350 to Rs6,500/maund.

Official spot rate hits season's high on cotton market

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Hectic trading activity was witnessed at the cotton market with prices in ready business and official spot rate touching season's high on Monday, dealers said. In ready business, more or less 10,000 bales of cotton changed hands between Rs 6500 and Rs 7000.

The official spot rate picked up further by Rs 150 to Rs 6400. While in Sindh seed cotton prices posted fresh gain of Rs 100-Rs150 to Rs 3400 and Rs 3500 per 40 kg, respectively, In Punjab, rates of phutti also went up at Rs 3400 and Rs 3600, dealers said.

Rise in demand by mills and spinners further improved trading

Related Keywords: buyers rushed to reload stock, cotton bales, Cotton market, deals finalized in both old and new stock, demand by mills and spinners, official spot rate, seed cotton price, TCP, trading activity further imporved

As buyers rushed to reload their stock, the trading activity on the cotton market on Tuesday improved further, dealers said. According to the market, the Trading Corporation of Pakistan (TCP) bought approximately 5600 bales of cotton to the mills at Rs 5885.

The official spot rate remained unchanged at Rs 5,500.

In Sindh, low type of seed-cotton prices rose by Rs 100 to Rs 3100 and better quality was up by Rs 50 to Rs 3250, per 40 kg, while in ready session, over 10,000 bales of cotton changed hands between Rs 5100 and Rs 5885, dealers said.

Prices improve modestly as needy mills took interest in fresh buying

Related Keywords: arrival of imported cotton, cotton bales, cotton traders, major buyers expected decline in rates, needy mills took interest in fresh buying, official spot rate, Pakistan cotton market, prices improved modestly, recovered overnight loss, with improvement in volume of business

At cotton market as some needy mills took interest in fresh buying, with improvement in volume of business, prices also improved modestly on Saturday, dealers said. According to the market sources, mills and spinners showed their interest in fresh buying to meet requirements.

The official spot rate recovered overnight loss by Rs 50 to Rs 5,550, dealers said.

In ready session, around 5000 bales of cotton changed hands between Rs 5500 and Rs 5750.

Tight supply of lint quality show modest improvement in prices

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At the cotton market on Tuesday in the process of tight supply of fine quality, dealers said that prices showed modest improvement. Market sources said that the ginners, who have limited stock of unsold quality lint raised prices, so a few needy mills and spinners indulged in fresh buying to meet requirements

The official spot rate gained Rs 50 Rs 5,600 while in ready session, approximately 3000 bales of cotton changed hands between Rs 5300 and Rs 5900, dealers said.

Dwindling fine stock pushes prices upward on cotton market

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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.

Cotton market witnessed wait-and-see attitude from buyers and sellers

Related Keywords: better rates compared to current prices, buyers and sellers, Cotton market, entry into the market, fresh selling, ginners showed no interest, no single deal finalized, official spot rate, remained unchanged, Trading Corporation of Pakistan, witnessed wait and see attitude

The cotton market on Thursday witnessed a wait and see attitude from both buyers and sellers after Trading Corporation of Pakistan (TCP)'s entry into the market, dealers said.

According to the market sources, the ginners showed no interest in fresh selling, anticipating better rates as compare to the current prices.

In the Punjab, a very small size of seed-cotton left with the ginners showed no change for inferior type at Rs 3100 while best quality picked up Rs 200 to Rs 3400 while, in the ready business, not a single deal finalized.

Trade activity at cotton market witnessed improvement

Related Keywords: cotton bales, India cotton price stable, meet requirements, official spot rate, positive factor causing rise in buying cotton, ready business, resulted in higher polyester yarn price, rise in oil prices, spinners doing urgent buying of quality lint, strong demand, Trading activity at cotton market, witnessed improvement

Trading activity at cotton market on Wednesday witnessed further improvement with spinners doing some urgent buying of quality lint to meet requirements, dealers said. Besides, rise in oil prices resulted in higher polyester yarn prices by Rs 2 per kg, this is a positive factor which is causing rise in buying of cotton.

The official spot rate unchanged at Rs 5,200 while the Punjab prices were at Rs 2400 and Rs 3000. In the ready business, over 6,000 bales of cotton changed hands between Rs 5000 and Rs 5550, dealers said.

Prices at cotton market remain stable on fresh buying interest

Related Keywords: cotton seed price, lint cotton, official spot rate, Pakistan cotton market, price remain stable, remain unchanged, shortage of lint cotton, showing fresh buying interest, spinners and mills

With spinners and mills showing fresh buying interest of lint cotton helped to keep the rates stable in the cotton market while the official spot rate also remained unchanged at Rs 5,300, dealers said.

In Sindh, seed cotton prices were at Rs 2200-2400, and in Punjab prices were at Rs 2400 and Rs 2900.

In the ready business, nearly 5000 bales finalized between Rs 4600-5500.

Trading activity on cotton market remains low on Holi festival

Related Keywords: buyers trying to lay hands over the best quality, Cotton market, cotton yarn, future direction of market, Holi festival, kept trading activity low, many participants busy in holi celebration, not so clear in coming days, official spot rate, Prices may pick up or stabilize, ready business, seed cotton prices, short in demand, textile good

Holi festival kept trading activity on the cotton market on Thursday came under pressure as many participants busy in Holi celebrations. Dealers said the trade activity may revive after Holi festival.

In the ready business, around 4,000 bales of cotton changed hands between Rs 4300-5500, while, in Sindh, seed cotton prices were at Rs 2000-2200, and in Punjab prices at Rs 2500 and Rs 2900.

The official spot rate was unchanged at Rs 5,250, dealers said.

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