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International cotton prices may remain stable in 2015/16, though this will depend in part on changes in world cotton stocks.
“In 2014/15, world ending stocks are forecast up 9 per cent to 21.9 million tons, reflecting a stock-to-use ratio of 90 per cent,” a report from the International Cotton Advisory Committee (ICAC) stated.According to the report, starting in 2010/11, the world has accumulated 13.4 million tons of stock due to production volumes exceeding consumption volumes.However, in 20
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Textile Raw Material Price 2015-07-05
Item
Price
Unit
Fluctuation
Date
Crude Oil WTI
56.93
USD/Barrel
-0.05%
2015-07-05
Crude Oil Brent
62.07
USD/Barrel
0.1%
2015-07-05
PX
922
USD/Ton
1.1%
2015-07-05
PTA Buy
4850
RMB/Ton
0%
2015-07-05
PTA Sell
700
USD/Ton
0%
2015-07-05
MEG Buy
7040
RMB/Ton
-0.85%
2015-07-05
MEG Sell
915
USD/Ton
0%
2015-07-05
CPL Buy
1290
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ICE cotton touched fresh 9-1/2-month highs on Wednesday before slipping into negative territory as investors booked profits after the prior day's rally on the government's lower-than-expected plantings estimate. Along with the planting forecast at its lowest in more than three decades, the US Department of Agriculture also said it would re-survey Texas after recent flooding, raising some concerns about crop damage.
"People are reflecting on the planting acreage and the re-surveying of Texas,
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Textile Raw Material Price 2015-07-02
Item
Price
Unit
Fluctuation
Date
Crude Oil WTI
56.96
USD/Barrel
-4.22%
2015-07-02
Crude Oil Brent
62.01
USD/Barrel
-2.48%
2015-07-02
PX
912
USD/Ton
-0.76%
2015-07-02
PTA Buy
4750
RMB/Ton
-2.06%
2015-07-02
PTA Sell
700
USD/Ton
-1.41%
2015-07-02
MEG Buy
7100
RMB/Ton
-1.39%
2015-07-02
MEG Sell
915
USD/Ton
-1.08%
2015-07-02
-
ICE cotton turned higher on Tuesday after the US government slashed its estimate for cotton plantings to the lowest in over three decades, bucking pressure from news earlier from Beijing on a plan to offload huge inventories. The benchmark December cotton contract on ICE Futures US was up 0.45 cent, or 0.7 percent, at 67.68 cents a lb by 12:19 pm EST (1619 GMT) after the US government report. The US Department of Agriculture (USDA) pegged total cotton acres at just under 9 million acres, the low
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Textile Raw Material Price 2015-07-01
Item
Price
Unit
Fluctuation
Date
Crude Oil WTI
59.47
USD/Barrel
-0.27%
2015-07-01
Crude Oil Brent
63.59
USD/Barrel
0.52%
2015-07-01
PX
919
USD/Ton
-2.44%
2015-07-01
PTA Buy
4850
RMB/Ton
-1.02%
2015-07-01
PTA Sell
710
USD/Ton
-0.7%
2015-07-01
MEG Buy
7200
RMB/Ton
-1.77%
2015-07-01
MEG Sell
925
USD/Ton
-1.6%
2015-07-01
CP
-
ICE cotton turned higher on Tuesday after the US government slashed its estimate for cotton plantings to the lowest in over three decades, bucking pressure from news earlier from Beijing on a plan to offload huge inventories. The benchmark December cotton contract on ICE Futures US was up 0.45 cent, or 0.7 percent, at 67.68 cents a lb by 12:19 pm EST (1619 GMT) after the US government report. The US Department of Agriculture (USDA) pegged total cotton acres at just under 9 million acres, the low
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Textile Raw Material Price 2015-06-30
Item
Price
Unit
Fluctuation
Date
Crude Oil WTI
59.63
USD/Barrel
-0.12%
2015-06-30
Crude Oil Brent
63.26
USD/Barrel
0.09%
2015-06-30
PX
942
USD/Ton
-0.53%
2015-06-30
PTA Buy
4900
RMB/Ton
-1.01%
2015-06-30
PTA Sell
715
USD/Ton
0%
2015-06-30
MEG Buy
7330
RMB/Ton
-0.41%
2015-06-30
MEG Sell
940
USD/Ton
-1.05%
2015-06-30
CPL
-
ICE cotton futures fell on Monday, failing to build on Friday's breakout rally ahead of a US government report expected Tuesday on US acreage devoted to cotton plantings. Concerns about the impact of Greece's debt crisis on the dollar contributed to the decline.
"It sidelined some traders," said Keith Brown, principal at cotton brokers Keith Brown and Co in Moultrie, Georgia, noting that traders would not "want to buy 100 cotton contracts, and then Greece defaults and the dollar goes through
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Textile Raw Material Price 2015-06-29
Item
Price
Unit
Fluctuation
Date
Crude Oil WTI
59.63
USD/Barrel
-0.12%
2015-06-29
Crude Oil Brent
63.26
USD/Barrel
0.09%
2015-06-29
PX
942
USD/Ton
-0.53%
2015-06-29
PTA Buy
4900
RMB/Ton
-1.01%
2015-06-29
PTA Sell
715
USD/Ton
0%
2015-06-29
MEG Buy
7330
RMB/Ton
-0.41%
2015-06-29
MEG Sell
940
USD/Ton
-1.05%
2015-06-29
CPL