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Related Keywords: cotton bales, Cotton market, December closing, Karachi Cotton Association, Karachi cotton exchange, kerb market, second grade of cotton, slow down in trading activity, Spinners, spot rates remained unchanged, trading remained slow

Cotton market witnessed slowed down in trading activity due to December closing. At the Karachi Cotton Exchange on Tuesday, trading remained slow, while spot rates remained unchanged.

The spot rates stood firm at Rs7,000/maund (37.324kg) and Rs7,502/ 40kg. Ex-Karachi rates also remained unchanged at Rs7,145/ maund and Rs7,657/ 40kg after an addition of Rs145 and Rs155 as upcountry expenses, respectively.

Related Keywords: cotton bales, cotton prices, Karachi cotton exchange, mill in Sindh, new cotton crop would arrive this month, only two transactions recorded, spot rates remained unchanged, started partial ginning, trading remained slow

At the Karachi Cotton Exchange on Tuesday trading remained slow with only two transactions recorded of 1,600 bales at a price in between Rs7,000 to Rs7,050/maund.

Rahimyar Khan’s 800 bales were sold in between Rs7,000 and Rs7,020/maund, while 800 bales of Yazman Mandi exchanged hands at Rs7,050/maund.

The spot rates remained unchanged at Rs6,800/maund (37.324kg) and Rs7,288/40kg. Ex-Karachi rates also stood firm at Rs6,935/maund and Rs7,433/40kg
after an addition of Rs135 and Rs145 as upcountry expenses, respectively.

Related Keywords: amid strong physical prices, around nine thousand bales changed hands, Cotton market, Karachi cotton exchange, KCA, Leading buyers eager for quality lint, moderate trading activity, new crop delay, spot rate unchanged, spot rates increased as very little stocks were left with the ginners, trading remained slow

Moderate trading activity witnessed at the cotton market amid strong physical prices with around 9,000 bales changed hands. While, at the Karachi Cotton Association (KCA) spot rate unchanged at Rs 6,700 per maund, fibre traders said.

Leading buyers remained eager for quality lint and bought fine lots on slightly higher prices during the trading session.

According to senior trader, Ghulam Rabbani, leading buyers were concentrating on better grades and the ginning units kept maintaining quality as big groups were making deals for future needs.