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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.

Moderate trading seen on back of brisk demand for fine grant lint

Related Keywords: all grades, Brisk demand, buyers made forward deals, cast positive on trading, Cotton market, fine and second grade lint, ginning activities, Improved activities in cotton growing belts, Karachi Cotton Association, market in firm frame past week, spot rate, textile and spinning sectors, traders, trading activity moderate

Brisk demand for fine and second grade lint kept trading activity moderate at cotton market on Saturday. Moreover buyers made forward deals in all grades that kept market in firm frame past week, said traders at Karachi Cotton Association (KCA).

The KCA kept the spot rate at Rs 6,500 per maund while fine grade fetched better prices at around Rs 6,600 per maund on higher demand.

Trading activity on cotton market remained moderate

Related Keywords: cotton bale, due to quality factor, Ginners, major buyers on sidelines, mills and spinners, official spot rate, Pakistan cotton market, seed cotton price, trading activity moderate

As major buyers were on the sidelines due to quality factor, trading activity remained moderate on the cotton market on Tuesday, dealers said.
Seed cotton prices in Sindh were at Rs 2300-2350 and in Punjab rates were at Rs 2350 and Rs 2450. In the ready business, around, 3000 bales of cotton changed hands between Rs 4700 and Rs 5000. However, the official spot rate remained unchanged at Rs 4700.

According to analysts, some needy mills and spinners took part in fresh buying of seed cotton while ginners preferred to sell to meet their financial problems.

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