KARACHI: The price of cotton stayed firm at the trading session in cotton market. Around 900 bales changed hands. The Karachi Cotton Association (KCA) spot rate remained unchanged at Rs 6,300 per maund, fibre traders said. Traders said buyers made deals for all qualities offered by ginners during the trading session. Deals changed hands at around Rs6,000 per maund to Rs6,650 per maund, floor brokers said. They said mills remained quality conscious and made selective deals on slightly higher prices during the session while the leading ginners sensing future demand of quality lint offered few stocks on higher prices to the buyers. Ghulam Rabbani, a senior trader, said the domestic buyers were buying better grades on a bit higher price as they bought around 200 bales at Rs6,775 per maund during the session. He said the buyers would remain eager for quality lint on slightly higher price on the back of growing demand of cloth and yarn. Wet conditions on parts of cottonseed growing areas have increased dampness in produce. There was possibility that leading buyers likely to import 20,000 bales of quality cotton in near future for meeting domestic and export demands of end products. He said New York Cotton market remained in the grip of speculative selling pressure and the traders were looking for good news from Chinese corridors, when they would come and purchase lint to meet their requirements. A senior broker said the ginners of Punjab offered quality cotton to the buyers at around Rs6,775 per maund, while ginners of Sindh offered raw grade of lint to buyers around Rs5,975 per maund, depending on thrash level. Private-sector exporters were looking for better lots for Rs6,600 to Rs6,650 per maund. New York Cotton October Futures 2017 contract closed at 70 cents per pound, December Futures 2017 contract closed at 70.56 cents per pound and Cotllook A Index closed at 84 cents per pound. Published in Daily Times, July 22nd , 2017.