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Mix trend to continue in the coming day at cotton market

Related Keywords: 400/maund, 500 bales, 800 to Rs7, around 2, big mills are relying on imports, continue mix trend, Cotton market, ginners are left with smaller quantities, in the coming days, Karachi cotton market, KCE, price of Rs5, recorded four transactions, spot rate

The cotton market will continue mix trend in the coming days, as ginners are left with smaller quantities, while big mills are relying on imports, according to analyst. Karachi cotton market recorded four transactions of around 2,500 bales at a price of Rs5,800 to Rs7,400/maund.

Deals included 1,000 bales of Sanghar at Rs5,800 to Rs6,000/maund, 708 bales of Vehari at Rs6,400, 400 bales of Burewala at Rs6,300 and 200 bales of Shahar Sultan exchanged hands at Rs7,400/maund.

Cotton prices up on strong demand for quality lint by spinners

Related Keywords: Cotton market, ginners holding less than 0.6 million bales, higher price, KCA, KCE, meet seasonal requirements, most deals were finalised at higher rates, needy spinners, over sustained demand, Prices up, quality lint, Spinners booked some lower grade cotton, spot rate

Prices up over sustained demand for quality lint from needy spinners to meet their seasonal requirements at cotton market on Monday. Most of the deals were finalised at higher rates. Spinners striving to cover up their positions also booked some lower grade cotton at higher price. The ginners are holding less than 0.6 million bales, brokers said.

Fast depleting stocks held by ginners and shortage of quality lots continue to panic small spinners. Fear of delay in arrival of next crop due to water shortage in lower Sindh was also a matter of great concern for the textile industry.

Cotton price remains stable

Related Keywords: bit higher price, buyers made deals for all qualities, buying better grades, domestic buyers, KCA, made selective deals on slightly higher prices, offered by ginners, Pakistan cotton market, prices remained stable, Spinners and mills remained quality conscious, spot rate, trading session

During the trading session at Pakistan cotton market, prices remained stable. Buyers made deals for all qualities offered by the ginners. Deals changed hands at around Rs 6,025 per maund to Rs 7,325 per maund. Domestic buyers were buying better grades on a bit higher price as they bought around 200 bales at Rs 7,250 per maund.

Spinners and mills remained quality conscious and made selective deals on slightly higher prices during the session while the leading sellers sensing future demand of quality lint offered few stocks on higher prices to the buyers.

Dull trading witnessed at cotton market

Related Keywords: Buyers and sellers stayed away, cotton market on Tuesday, cotton stock, diminishing stocks and shortage of quality lint, dull and dreary conditions prevailed, KCA, market was directionless, outlook uncertain, spot rate, undertone was firm

As buyers and sellers stayed away, dull and dreary conditions prevailed on the cotton market on Tuesday. Overall, the undertone was firm but the outlook uncertain as the market was directionless due to diminishing stocks and shortage of quality lint.

According to market reports, no transactions were reported on the ready counter.

At the Karachi Cotton Association (KCA) did not change the spot rates, currently pegged at Rs7,400 per maund.

Moderately active trading at cotton market moving prices higher

Related Keywords: due to availability of quality lint, eagerly replenished their stock, KCA, lint stocks with ginners dwindling fast, moved cotton prices higher, owing to increased demand, picked up by needy spinners, Renewed buying interest, spot rate, Trading moderately active

Trading was moderately active on Thursday due to availability of quality lint which was picked up by needy spinners who eagerly replenished their stock. This renewed buying interest moved cotton prices higher.

Last week around 0.5 million bales deals were reported but now only 0.7m bales are currently available in the country.

As the current season (2017-18) is coming to an end, lint stocks with ginners are dwindling fast owing to increased demand. However, quality cotton is in short supply which is a cause of concern for spinners.

Trading activity remain moderate at cotton market

Related Keywords: availability of quality cotton, cotton market on Tuesday, cotton season, domestic market, KCA, lower level, ready counter, Renewed buying interest, resulted in some trading activity, spot rate, supply of quality lint, trading activity moderate

Trading activity remain moderate due to renewed buying interest at the lower level at the cotton market on Tuesday. However, the availability of quality cotton resulted in some trading activity.

Trading on ready counter was fairly moderate as needy spinners went for quality cotton. The following deals were reported to have changed hands on ready counter: 7,000 bales, Alipur, at Rs7,000; 400 bales, Jalalpur, at Rs7,100; 2,487 bales, Rahimyar Khan, at Rs7,300; and 800 bales also, Rahimyar Khan, at Rs7,000.

Strong demand for quality lint pushes cotton prices sharply up

Related Keywords: cotton market on Wednesday, fresh buying interest, Karachi cotton market, KCE, market sources, official spot rate stable trend, prices gained momentum, process of modest trading, pushing rates sharply up, spinners to replenish their stocks, spot rate, strong demand for quality lint

The cotton market on Wednesday was in the process of modest trading with strong demand for quality lint pushing the rates sharply up. According to the market sources, prices gained momentum on fresh buying interest by the spinners to replenish their stocks.

The official spot rate after maintaining a stable trend went up by Rs 100 to Rs 7000, dealer said. In Sindh and the Punjab, seed cotton prices were at Rs 2400-3000 while in the ready session, approximately, 5000 bales of cotton changed hands between Rs 7000-7400.

Trading activity at cotton market returns

Related Keywords: activity remained restricted, After losing ground, cotton bales, cotton prices, Cotton prices moved higher, KCA, KCE, last fortnight, once again picked up, short supply of lint stocks, spot rate, strong demand for quality lint on Monday

After losing ground during last fortnight, cotton prices once again picked up. Cotton prices moved higher on strong demand for quality lint on Monday. However, activity remained restricted due to short supply of lint stocks.

It was interesting to note that prices once again moved beyond Rs7,000 per maund, with the highest rate quoted at Rs7,500 per maund. However, short supply of quality cotton owing to falling cotton stocks restricted activity, leaving many spinners disappointed.

Steady conditions prevailed at cotton market

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.

Moderate trading at cotton market

Related Keywords: better quality lint, buyers in Sindh and Punjab stations, changed hands between leading buyers and sellers, deals for second grade of cotton, KCA, KCE, lint prices stood firm, premium price, remained eager for quality lint, spot rate, Trade activity remained moderate, trading session at local cotton market

Trade activity remained moderate and lint prices stood firm during trading session at local cotton market. The buyers in Sindh and Punjab stations remained eager for quality lint while deals for second grade of cotton changed hands between leading buyers and sellers on premium price around Rs 7,125 per maund.

The second grade of lint for blending purpose would remain in higher demand along with growing demand for better grades of lint on slightly higher price by the textile sector.

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