Range-bound trading seen at major Punjab and Sindh cotton market in Pakistan

Related Keywords: cotton seed, cotton trading, lint, Pakistan cotton market, Punjab and Sindh market, range-bound trading, spinner

Karachi
Punjab and Sindh cotton market in Pakistan
Summary: 
Trading in major stations of Punjab and Sindh remained range-bound with growing demand for fine grades, while prices of all grades remained cost-effective. Spinners bought all grades on cautious note besides deals for selective lots in order to build up their inventories on Tuesday.

Trading in major stations of Punjab and Sindh remained range-bound with growing demand for fine grades, while prices of all grades remained cost-effective. Spinners bought all grades on cautious note besides deals for selective lots in order to build up their inventories on Tuesday.

But at some leading centres dull trading was seen due to political crisis, power crisis at textile units and ginneries, grade issue and liquidity problems to buyers.

http://www.dailytimes.com.pk/business/20-Aug-2014/buyers-remain-eager-for-fine-lint-amid-range-bound-trading
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