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Demand for better grades of lint remain high at cotton market

YarnsandFibers News Bureau 2017-09-27 13:00:00 – Karachi

During the trading session at cotton market, demand for better grades of lint remained on higher side and buyers made deals on premium price to strengthen their long positions while deals in second grade of lint remained dominant for blending purposes.

Secondary buyers made deals for all grades of lint while dealings in second grade of lint changed hands at around Rs 6,500 per maund to Rs 6,525 per maund.

Around 9,900 cotton bales changed hands in a range of Rs 6,000 per maund to Rs 6,575 per maund in parts of Sindh and Punjab stations. Ex-gin price per maund cotton remained intact at Rs 6,100.

In Kerb market buyers and sellers remained entangled in price war on fine grades.

Physical prices at cotton market remained firm on improved forward deals by leading buyers in Punjab and Sindh stations during trading session.

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