Related Keywords: cotton bales, cotton market on Tuesday, ginners kept asking for higher prices, Karachi Cotton Association, limited stocks, lint, owing to short supply of quality cotton, spinners were reluctant to pay more, spot rate remained intact, Trading session remained moderate
Trading session remained moderate at the cotton market on Tuesday owing to short supply of quality cotton. The Karachi Cotton Association's (KCA) spot rate remained intact at Rs 6,800 per maund. While ginners kept asking for higher prices due to limited stocks, spinners were reluctant to pay more, brokers said.
According to a senior trader, Ghulam Rabbani, the volumes remained small with growing demand for better grades of lint on slightly higher price by the mills and spinning sector during the trading session.
