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Fine quality of imported lint rules KCA tradings
03
Jun '10
Dealing in lint imports, covered the volumes amidst rigid spot rate and tough physical prices, at the Karachi Cotton Association (KCA).

At key trading markets, the KCA spot rates were stable at Rs 6,400 per maund, whereas superior quality lint earned an increased price of about Rs 6,050 per maund.

Meanwhile, mill owners continued to buy selective type of lint, so as to produce and meet with their superior fabric commitments. Major mill owners and spinners purchased lint imported from India and Afghan on competitive rates of about Rs 6,800 per maund.

However, most of the deals qualified only for low-quality cotton, as spinners wanted all types of lint for the purpose of blending and manufacturing different grades of yarn.

Also, many private firm commercial exporters too purchased their stocks, in order to repay bank loans and disparities on exports, before the end of their credit time period.

Lint farmers, holding back their stocks, were found to be quite delighted, as they are quite alert about the sudden increase in prices of fine grades of lint in the coming trading sessions.

Fibre2Fashion News Desk - India

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