News Tags

Related Keywords: build up inventories, cotton bales, Cotton prices remain stable, Forward deals for better, give price benefit to sellers, improved supplies of all grades, kept trading moderate, Lint market, mills and spinners, physical prices within reach of buyers, reports of paucity of better grades of lint this season, second grade of lint, selective buying

Cotton prices remain stable with selective buying and improved supplies of all grades at lint market. Physical prices were within the reach of buyers, whereas, reports of paucity of better grades of lint this season could give price benefit to sellers. Forward deals for better and second grade of lint kept trading moderate at lint market.

Despite the fact that more cotton had been produced by the country up to Oct 1, 2017 over the corresponding period last year, however the glut did not dent prices due to oversold position of ginners.

Related Keywords: buyers made deals on slightly higher price, continued at lint market, cotton bales, Dull trading activity, Eid holiday and rains in most parts of stations, forward deals for grade selective, Karachi Cotton Association, majority stakeholders remained on sidelines, price in firm zone, second grade of lint, shrinking fine lint, spot rate

Dull trading activity continued at lint market as majority of stakeholders remained on sidelines on back Eid holiday and rains in most parts of the stations. Buyers made deals on slightly higher price besides forward deals for grade selective and second grade of lint also changed hands, fibre traders said.
Market would become active after Eid holidays, and market buying-interest sentiments would push general prices in green zone while weak ginners to get some strength capitalize on their dealings, traders said.

Related Keywords: amid firm physical prices, cotton trading, forward deals for a month period, Karachi Cotton Association, readjusted overnight by rupees fifty, remained moderate, second grade of lint, shrinking fine lint, spot rates, traders

Cotton trading remained moderate amid firm physical prices, traders said. At the The Karachi Cotton Association (KCA) spot rates were readjusted overnight by Rs 50 per maund to stay at Rs 6,650 per maund.

Forward deals for a month period also changed hands that pushed physical prices in green zone. Floor brokers said that buyers made deals for all grades besides deals for better and second grade of lint for blending purpose remained firm and deals changed hands at around Rs 6,475 per maund to Rs 6,675 per maund during the trading session.

Related Keywords: buyers are eyeing on imports, buyers making deals, Buyers with less liquidity bought better grades, by more than three million bales crop season, fibre traders, forward deals changed hands for better grades, Karachi Cotton Association, remained at moderate pace, second grade of lint, spot rate cotton output decline, Trading in lint market

Trading in lint market remained at moderate pace with buyers making deals for second grade of lint while forward deals also changed hands for better grades, fibre traders said.

Firmness of physical prices provided weak sellers to fetch better bottom-line price. Buyers with less liquidity bought better grades according to their immediate need while weak sellers withholding raw grade of lint offloaded their stocks on better price-parity level, floor brokers said.

Lint market sentiments remained firm on forward trading, traders at the Karachi Cotton Association (KCA) said.

Related Keywords: better grades, bought all grades on competitive prices, buyers are beginning to eye imports, buyers made selective deals, decline in cotton output, forward deals made, KCA, Lint market, second grade of lint, Slow pace of trading, Spinners in Sindh and Punjab stations, spot rate, this end crop season

A slow pace of trading in the lint market witnessed as buyers made selective deals for second grade of lint, while forward deals were also made for better grades, traders said.

During the trading session, spinners and mills in Sindh and Punjab stations made deals for second grade lint, while sellers offered all grades of lint at around Rs 5,975 per maund to Rs 6,775 per maund in order to capitalise maximum returns on their proceeds.