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Benchmark cotton futures on ICE gained on Thursday, buoyed by better-than-expected export sales data and technical support. Weekly US exports for the current crop year that runs through end-July jumped nearly 70 percent week over week, government data showed on Thursday. "Sales were a little better than expected, as prices hit lows," said Sharon Johnson, a senior cotton specialist at Wedbush Securities in Atlanta. Gains were capped as shipment levels and sales against the upcoming 2015/16 crop d
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Textile Raw Material Price 2015-07-19
Item
Price
Unit
Fluctuation
Date
Crude Oil WTI
50.91
USD/Barrel
-0.97%
2015-07-19
Crude Oil Brent
57.51
USD/Barrel
0.81%
2015-07-19
PX
857
USD/Ton
-1.15%
2015-07-19
PTA Buy
4400
RMB/Ton
0%
2015-07-19
PTA Sell
665
USD/Ton
0%
2015-07-19
MEG Buy
6800
RMB/Ton
1.95%
2015-07-19
MEG Sell
870
USD/Ton
2.35%
2015-07-19
CPL Buy
-
Benchmark cotton futures on ICE dropped to a three-week low on Wednesday in a broad-based commodities sell-off, weighed by a stronger US dollar. "We came out of the box today with the dollar firming up, grains and crude (oil) under pressure," said Jobe Moss, a broker with MCM Inc in Lubbock, Texas. The climbing greenback makes dollar-traded commodities more expensive to holders of other currencies. The second-month contract saw its biggest one-day rout in two weeks.
The December cotton contr
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Textile Raw Material Price 2015-07-16
Item
Price
Unit
Fluctuation
Date
Crude Oil WTI
51.41
USD/Barrel
-3.07%
2015-07-16
Crude Oil Brent
57.05
USD/Barrel
-2.5%
2015-07-16
PX
867
USD/Ton
-0.12%
2015-07-16
PTA Buy
4400
RMB/Ton
-0.79%
2015-07-16
PTA Sell
665
USD/Ton
0%
2015-07-16
MEG Buy
6670
RMB/Ton
0%
2015-07-16
MEG Sell
850
USD/Ton
0%
2015-07-16
CPL Buy
1
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Benchmark cotton futures on ICE gained the most since late June on Tuesday, as low prices and key chart levels stoked buying. "We saw quiet a bit of buying around 65 cents (per lb)," said Louis Rose, an independent cotton trader and consultant at Risk Analytics in Memphis, Tennessee.
Hot, dry weather across the South-eastern United States could hurt crops in a key growing region of the world's top exporter and falling exchange inventories also supported, he said. The December cotton contract
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Textile Raw Material Price 2015-07-15
Item
Price
Unit
Fluctuation
Date
Crude Oil WTI
53.04
USD/Barrel
1.61%
2015-07-15
Crude Oil Brent
58.51
USD/Barrel
1.14%
2015-07-15
PX
868
USD/Ton
-0.46%
2015-07-15
PTA Buy
4435
RMB/Ton
0%
2015-07-15
PTA Sell
665
USD/Ton
0%
2015-07-15
MEG Buy
6670
RMB/Ton
0%
2015-07-15
MEG Sell
850
USD/Ton
0%
2015-07-15
CPL Buy
12000
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Trade activity was modest on the cotton market on Tuesday as major buyers were on the sidelines due to quality factor, dealers said. The official spot rate was unchanged at Rs 4700, dealers said. Seed cotton prices in Sindh were at Rs 2300-2350 and in Punjab rates were at Rs 2350 and Rs 2450, they said. In the ready business, around, 3000 bales of cotton changed hands between Rs 4700 and Rs 5000, they said.
Some needy mills and spinners took part in fresh buying of seed cotton, analysts said
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Textile Raw Material Price 2015-07-14
Item
Price
Unit
Fluctuation
Date
Crude Oil WTI
52.2
USD/Barrel
-1.02%
2015-07-14
Crude Oil Brent
57.85
USD/Barrel
-1.5%
2015-07-14
PX
872
USD/Ton
-1.8%
2015-07-14
PTA Buy
4435
RMB/Ton
0%
2015-07-14
PTA Sell
665
USD/Ton
0%
2015-07-14
MEG Buy
6670
RMB/Ton
2.62%
2015-07-14
MEG Sell
850
USD/Ton
2.41%
2015-07-14
CPL Buy
1
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Benchmark cotton prices on ICE were unchanged on Monday, buoyed by buying at key chart support even as worries lingered from a surprise drop in the US government's demand forecast. Cotton news over the past week was a "mixed bag but mostly not good for prices," Don Shurley, an agricultural economist at the University of Georgia, said in a note.
The US government on Friday shocked the market with a bearish increase in its outlook for global inventories in the 2015/16 crop year that begins on
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Textile Raw Material Price 2015-07-13
Item
Price
Unit
Fluctuation
Date
Crude Oil WTI
52.74
USD/Barrel
-0.08%
2015-07-13
Crude Oil Brent
58.73
USD/Barrel
0.2%
2015-07-13
PX
888
USD/Ton
0.57%
2015-07-13
PTA Buy
4550
RMB/Ton
0%
2015-07-13
PTA Sell
680
USD/Ton
0%
2015-07-13
MEG Buy
6500
RMB/Ton
0%
2015-07-13
MEG Sell
830
USD/Ton
0%
2015-07-13
CPL Buy
12150