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Increasing demand for better lint grades keep prices steady

Related Keywords: amid firm physical prices, cotton trading session, fetched premium price, Increasing demand for better grades of lint, remained entangled in price war, remained in focus, sellers and buyers, shrinking stocks of better grades, volumes traded were moderate

Increasing demand for better grades of lint remained in focus fetched premium price for shrinking stocks of better grades amid firm physical prices. At cotton trading session, it was noticed that both sellers and buyers remained entangled in price war. However, volumes traded were moderate.

In the domestic market around 200 bales of Sanghar changed hands at Rs 6,675 per maund, 100 bales of Hyderabad at Rs 6,375 per maund and 100 bales of Southern Punjab changed hands at Rs 6,625 per maund.

Fine lint remain in focus amid shrinking stocks of better grades

Related Keywords: buyers purchasing lint of all qualities, fine lint in focus, general price remain firm, KCA, meet domestic and international commitments of yarn and cloth, Pakistan cotton market, sellers and buyers remained entangled in price war, shrinking stocks of better grades, spot rate, steday spot rate, US cotton prices higher, volumes moderate

At cotton market, general price remained firm during trading activity and volumes were moderate as buyers were purchasing lint of all qualities to meet domestic as well as international commitments of yarn and cloth. However, fine lint remained in focus amid steady spot rate and shrinking stocks of better grades, traders said.

According to floor brokers, sellers and buyers remained entangled in price war and buyers made deals for all grades on competitive price at around Rs 4,975 per maund to Rs 5,025 per maund.

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