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Cotton market witnessed modest trading activity

Related Keywords: both buyers and sellers, cautious business seen, Cotton market, Cotton prices remain firm, modest trading activity, official spot rate unchanged, preferred to be on the sidelines

In the process of modest trading activity on cotton market on Saturday Cotton prices remain firm. A kind of cautious business was seen on the market as both buyers and sellers preferred to be on the sidelines in the process of trading activity. The official spot rate also was unchanged at Rs 6375, dealers said.

In Sindh, seed cotton prices were at Rs 3000-3300, while in Punjab, the phutti rates stayed put at Rs 3200 and Rs 3550, as per 40 kg,

Cotton prices remained firm post holiday session

Related Keywords: Cotton market, cotton prices, expected rise in phutti supply, may pick up in coming days, official spot rate unchanged, participants busy exchanging Eid greetings, post holiday sesssion, rates may not move up sharply, remained firm, trading activity

Prices at the cotton market remained firm during the post holiday session on Saturday, dealers said. According to the market sources, holiday mood persisted as almost all participants were busy in exchanging Eid greetings.

The official spot rate was unchanged at Rs 5,800, while in Sindh and Punjab, prices of seed cotton were at Rs 2700-3100, per 40 kg, respectively.

In ready business, around 1000 bales of cotton changed hands between Rs 6050 and Rs 6100, dealers said.

Business volume witnessed improvement despite slow supply

Related Keywords: cotton bales lying in unsold stock, cotton cultivated area, despite slow supply, lay hands over fine qualiity, meet demand, needy mills and spinners, official spot rate unchanged, Pakistan cotton market, seed cotton price, trading activity witnessed improvement

Despite slow supply, trading activity witnessed improvement on the cotton market on Monday as needy mills and spinners lay hands over the fine quality to meet their demand, said dealers. The official spot rate remained unchanged at Rs 5,500.

According to the market, slow arrivals of seed cotton propelled mills and spinners to make deals at higher rates.

Eventless trading session witnessed at cotton market

Related Keywords: cotton bales, cotton market witnessed an eventless trading session, ginners carryover stock from previous year, KCA, kept mills and spinners on sidelines, Less demand for yarn, low quality of old stocks, meeting demand through imports, not a single transaction finalized, official spot rate unchanged, spinners and exporters

Less demand for yarn and low quality of old stocks, kept mills and spinners most of the time on the sidelines, due to which cotton market witnessed an eventless trading session on Friday. Not a single transaction was finalized on the cotton market.

The Karachi Cotton Association (KCA) left the spot rate unchanged at Rs5,500/maund. The KCA fixed the official spot rate, or base price, for Grade 3 cotton at Rs5,894/maund.

Buying by mills kept prices at present levels at cotton market

Related Keywords: Buying by mills, cotton bales, Cotton market, Ginners, Ginning factory, keep prices at present level, modest trading, official spot rate unchanged, seed cotton

Buying by needy mills to cover their immediate requirements helped prices to hold present levels on the cotton market on Wednesday in the process of modest trading. The official spot rate was unchanged at Rs 5,550, dealers said.

In ready session, over 600 bales of cotton finalized between Rs 5100 and Rs 5850 and in Sindh, seed-cotton prices were at Rs 2800-3100, per 40 kg, as per dealers.

Rise in demand from textile industry push cotton prices upward

Related Keywords: average price, busy in short covering, buying confined to premium quality lint, cotton bales, demand for yarn and textiles starts picking up momentum, Karachi Cotton Association, official spot rate unchanged, Pakistan cotton market, prices maintained upward trend, rise in demand, spinning mills, Textile Industry

Due to rise in the demand from the textile industry, the cotton market maintained an upward trend on Saturday with most of the buying confined to premium quality lint at Rs6,000/maund, dealers said.

According to cotton dealers, around 6,400 bales of cotton by different traders in Sindh and Punjab were finalised at an average price of Rs5,500/maund. However, the low quality cotton was being traded somewhere around Rs4,000/maund.

Spinning mills seem busy in short covering, as demand for yarn and textiles starts picking up momentum.

Slight improvement seen at cotton market

Related Keywords: cotton bales, failed to finalize deals in huge way, ginners have very little quantity of stock at present, needy spinners and mills, official spot rate unchanged, Pakistan cotton market, showing interest in small deals

With needy spinners and mills showing interest in small deals, a slight improvement was seen on Tuesday at the cotton market. However, the spinners have failed to finalize deals in a huge way as the ginners have very little quantity of stock at present, dealers said.

The official spot rate remained unchanged at Rs 5,200 while in Punjab prices were at Rs 2400 and Rs 3000 and in the ready business, over 3,000 bales of cotton changed hands between Rs 5200 and Rs 5500

Demand by mills and spinners improves volume of business

Related Keywords: demand for textile products, due to short supply, export of cotton yarn to China, failed to get quality lint, Ginners, official spot rate unchanged, Pakistan cotton market, persistent demand by mills and spinners, seed cotton prices, spinners indulged in panic buying to replenish their stock, witnessed improvement in volume of business

At the Pakistan cotton market on Wednesday following the persistent demand by mills and spinners, witnessed improvement in the volume of business, 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 10,000 bales finalized between Rs 4750-5500. The official spot rate also remained unchanged at Rs 5,300.

Uncertainty over size of cotton production kept prices higher

Related Keywords: indulged in forward purchase, mills and exporters, official spot rate unchanged, Pakistan cotton market, prices higher, seed cotton prices, strong demand, uncertainty about size of cotton production

The uncertainty about the size of cotton production with strong demand with some needy mills and exporters indulged in forward purchase kept prices higher at Pakistan cotton market on Wednesday.

In the ready business, over 20,000 bales of cotton changed hands between Rs 4600 and Rs 5450, while in Sindh, seed cotton prices were higher by Rs 100 to Rs 2600 and Rs 2800 and in Punjab prices gained Rs 100-300 to Rs 2600 and Rs 3100, dealers said. But the official spot rate remained unchanged at Rs 5200.

Active buying by mills keep prices firm at cotton market

Related Keywords: active mills, causing rise in rates, Cotton market, demand for fine quality, official spot rate unchanged, pause in phutti arrivals, price maintained firmness, supply position still tight, trading activity may decline

Prices maintained firmness at cotton market on Thursday with demand for fine quality from active mills. According to some brokers, supply position is still tight, causing a rise in the rates. The official spot rate was unchanged at Rs 4,650. In Sindh, seed cotton prices also remained unchanged at Rs 2450 and Rs 2550 and in Punjab rates were at Rs 2350 and Rs 2550.

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