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Related Keywords: buyers kept looking for quality lots, Conditions at cotton market on Thursday, cotton prices rose, demand for cotton yarn, grey fabric rising, KCA, remained steady, spot rate, strong demand for quality lint from spinners, strong demand from textile industry, who strived to build up inventories. shortage of quality lint disappointed many

Conditions at cotton market on Thursday remained steady as buyers kept looking for quality lots and strong demand for quality lint from spinners who strived to build up their inventories. However, shortage of quality lint disappointed many.

With the current cotton season (2017-18) fast nearing its end, some panic was seen among spinners who were still short of cotton stocks.

The issue of shortage is primarily related to small spinners who were unable to import cotton to meet their seasonal demand, brokers said.

Related Keywords: cotton bales, Ginners, mainly from India, over past several weeks, Pakistan cotton market, PCGA, prices of domestic cotton, projection, remained steady, seed cotton, sharp slow doen in cotton turnover, sizeable short, using imported cotton and yarn

The prices of domestic cotton over the past several weeks have remained steady though there is a sharp slow down in the cotton turnover this year (August 2015/July 2016) of only about 9.8 million bales (155kgs) against the earlier projection of upto 15 million bales.

As per its fortnightly seed cotton (Kapas/Phutti) arrivals report for the current season (2015/2016) till the 15th of February, 2016, the Pakistan Cotton Ginners Association (PCGA) said the ginning factories received 9,687,118 lint equivalent bales.

Related Keywords: all future contract, cotton yarn, fall in price, finished higher, ginners holding stock, KCA, Lower level trading activity, New York cotton market, remained steady, Spinners, spot price, witnessed at cotton market, world cotton market

Some trading activity at the lower level was seen at cotton market on Tuesday as buyers were mostly reluctant anticipating fall in prices in the coming days.

However, spinners on their part were also cautious as they are not getting right price for cotton yarn as the market is sluggish and prices are under pressure. Trading remained restricted and limited as some needy mills lifted small lot deals,.

Ginners, who are holding very little stocks of around 240,000 bales, also seem to be in no hurry to dispose of their stocks at current price