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At the lint market focus remained on fine lint keep trading activity range-bound, and the Karachi Cotton Association (KCA) spot rate remained unchanged at Rs5,3000 per maund. During the trading session, buyers made forward deals for quality lint for a month period on slightly higher prices at around Rs 5,650 per maund, said floor brokers. Around 300 bales changed hands.

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During the trading session, buyers remained eager for quality lots keeping physical price firm in lint market, while prices remained attracted for buyers with less liquidity, traders at the Karachi Cotton Association (KCA) said on Wednesday.

Mills in Sindh and Punjab stations made deals for all grades on cautious note as grade issue was continued. Traders offered all grades of lint on bargaining rates at around Rs 4,975 per maund to Rs 5,450 per maund in order to capitalize maximum returns on their proceeds.

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During the trading session, many buyers made deals in fine grade to strengthen their long positions in the lint market that kept physical prices firm. Trader at the Karachi Cotton Association (KCA) also said that some leading buyers made a month period forward deals for all grades on Saturday.

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During the trading session grade-conscious buyers made deals on slightly higher price, while selective buying in lint market kept physical prices firm. Spinners in Sindh and Punjab stations bought all grades on cautious note as grade issue was continue. Traders offered all grades of lint on bargaining rates at around Rs 4,975 per maund to Rs 5,475 per maund in order to capitalize maximum returns on their proceeds on Friday.

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Buyers at the cotton market remained keen for fine grade quality lint and made deals on slightly higher prices at around Rs5,500 per maund on Monday during the trading session. About 3,000 bales changed hands.

The Karachi Cotton Association (KCA) spot rate unchanged Rs 5,250 per maund.

According to senior trader, Ghulam Rabbani, buyers and sellers remained entangled in price war on second grade stuff. Some buyer to cater their immediate need went ahead to purchase the grade at around Rs 5,225 per maund.

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Cotton market on Wednesday witnessed moderate trading activity with buyers making deals for quality lint on slightly higher prices at around Rs 5,375 per maund during the trading session. Roughly1000 bales changed hands. In domestic market, buyers would remain eye on quality lint on the back of growing demand of cloth and yarn.

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Lint market stood positive during trading session as buyers made deals for all grades of lint, they also made forward deals for a month period amid strong spot rate. The Karachi Cotton Association (KCA) kept spot rate of Rs5,400 per maund.

The sellers remained in driving seat as they ask price on their own terms on growing demand of all grades that kept market sentiments on higher side despite shrinking domestic fine stocks, floor brokers said.

Majority of the ginning units produced second grade lint to around 4,000 bales out of total output of around 9,600 bales on higher demand.

Related Keywords: before start of Eid holidays, cotton bales, cotton belts, cotton output, firm to tight, Lint market, lint prices remained, needy buyers made forward deals, Pakistan cotton market, seed cotton, trading session

Some needy buyers made forward deals for all grades during trading session at lint market before the start of the Eid ul Azha holidays from Thursday 24th September lasting till the end of this week. Thus lint prices reportedly remained firm to tight during the first half of this week. Business will now open on next Monday viz the 28th of September 2015.

Fresh selling in fine grades remained dull on back of holiday-like mood of ginners and sellers while buyers were anticipating decline in prices after Eid-ul-Azha, floor brokers said.

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During the trading sessions in the past week, buyers at the lint market made forward deals on the back of grade issue and low volumes at around Rs 4,600 per maund to Rs 4,625 per maund, traders said on Saturday.

The buyers remained eager for fine grades at main stations of Punjab and Sindh, while majority of the ginneries produced all grades on the back of moderate influx of cottonseed.

Prices remained within reach of the buyers amid some cautious activity. The Karachi Cotton Association’s (KCA’s) spot rate remained firm to stay at Rs 4,500 per maund.

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Buyer remained alert and only made deals according to their immediate need of lint on back of grade issue and in anticipation of decline in spot rate. While general price kept the leading buyers active on Wednesday.

KCA kept the spot rate intact at Rs 5,450 per maund in order to provide support to weak stakeholders of raw grade to ward off minimal price level, according to floor brokers.