Related Keywords: barring a few small and needy spinners, cotton market on Tuesday, cotton yarn, dull trading, KCA, KCE, Poor demand for lint. leading spinners, spot rate, trading activity slow and restricted, trading ring gave a deserted look
Due to poor demand for lint from leading spinners. Barring a few small and needy spinners, the trading ring gave a deserted look which keep trading activity slow and restricted at the cotton market on Tuesday.
Sluggish off-take of yarn locally and falling world cotton prices continued to depress lint rates. Leading spinners already having long positions were conspicuous by their absence.
At the Karachi Cotton Association (KCA) spot rates were firm at overnight level of Rs7,000 per maund.
