KARACHI: Leading buyers bought better grades of lint at a premium price amid strong physical prices during the trading session at the lint market, fibre dealers said. The Karachi Cotton Association (KCA) spot rate remained stable at Rs 6,050 per maund with better volumes, while majority of the deals for fine lint changed hands between mills and ginners at Sindh and Punjab stations. Floor brokers said spinners and mills in Sindh and Punjab stations remained engaged in price war with the buyers on issue of better grade of lint besides growing demand of the produce kept market sentiments on higher side despite shrinking fine stocks. The ginners of Punjab and Sindh offered lots around Rs 6,000 per maund to Rs 6,700 per maund to the buyers, while Punjab ginners offered raw produce on competitive prices at Rs 6,000 per maund during trading. The quality lint of Punjab fetched above Rs 6,750 per maund while the raw cotton of Sindh was traded around Rs 6,000 per maund during trading session. A senior trader, Ghulam Rabbani said market sentiments remained positive, while sellers withholding fine lint were confident that the spot rate would go further up after some recession in coming days. Market players have demanded of the government to invite international experts on cottonseed in order to develop better seed domestically besides enhancing yield acreage to avoid huge imports. The spot rate remained firm and buyers made deals for fine lint above Rs 6,600 per maund. In the domestic market, buyers bought 630 bales from Sindh, spinning units bought 900 bales from private sector exporters at around Rs 6,450 per maund to Rs 6,550 per maund. Several other contracts concluded in a range of Rs 6,050 per maund to Rs 6,625 per maund. Last night in New York futures market, October Futures 2017 contract closed at 70 cents per pound, while December Futures 2017 contract closed at 71 cents per pound. Cotlook A Index closed at 85 cents per maund. Published in Daily Times, August 26th 2017.