Related Keywords: Despite the fact that cotton yarn market continues to be sluggish, the expected delay in arrival of next crop is causing some panic among spinners who want to build up stocks. Strong buying from spinners kept prices high on the cotton market on Tuesday.
Despite the fact that cotton yarn market continues to be sluggish, the expected delay in arrival of next crop is causing some panic among spinners who want to build up stocks. Strong buying from spinners kept prices high on the cotton market on Tuesday.
However, short supply and ginners’ reluctance to dispose of stocks at prevailing prices kept activity restricted.
According to brokers, the domestic trend is quite different from the global market where most markets are showing easy trend.
The Karachi Cotton Association (KCA) continued with the no changes in its spot rates.
