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Cotton futures prices fell to the lowest in over a week on Wednesday, weighed down by rains in key producing areas in the United States and a stronger US dollar. "Showers and rain across West Texas (Tuesday) evening and higher US currency value are likely tempering buying interest," said Louis Rose, an independent cotton trader and consultant with Risk Analytics in Memphis.
Rain in August, albeit late, is beneficial to the crop, according to Jordan Lea, chairman and co-owner of Eastern Tradin
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Textile Raw Material Price 2016-08-24
Item
Price
Unit
Fluctuation
Date
Crude Oil WTI
48.1
USD/Barrel
1.46%
2016-08-24
Crude Oil Brent
809
USD/Barrel
-0.37%
2016-08-24
PX
49.96
USD/Ton
1.63%
2016-08-24
PTA Buy
4580
RMB/Ton
-0.11%
2016-08-24
PTA Sell
605
USD/Ton
-0.17%
2016-08-24
MEG Buy
5180
RMB/Ton
0.97%
2016-08-24
MEG Sell
633
USD/Ton
1.44%
2016-08-24
CPL
-
Cotton futures rose marginally on Tuesday to trade in a tight range, even as weekly crop progress data from the US government offered limited support to prices. "The markets are trying to hang on to this uptrend line going back to February and it's anybody's guess whether it'll be successful or not," said Peter Egli, director of risk management at British merchant Plexus Cotton.
"I don't think the fundamentals are moving the market right now, I think it's more money flow." The US Department o
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Textile Raw Material Price 2016-08-23
Item
Price
Unit
Fluctuation
Date
Crude Oil WTI
47.41
USD/Barrel
-2.39%
2016-08-23
Crude Oil Brent
812
USD/Barrel
-0.61%
2016-08-23
PX
49.16
USD/Ton
-3.15%
2016-08-23
PTA Buy
4585
RMB/Ton
-1.93%
2016-08-23
PTA Sell
606
USD/Ton
-0.33%
2016-08-23
MEG Buy
5130
RMB/Ton
-0.41%
2016-08-23
MEG Sell
624
USD/Ton
-0.32%
2016-08-23
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Cotton futures registered their biggest intraday percentage gain in 11 days on Monday as investors covered short positions ahead of a weekly crop progress report from the US Department of Agriculture. "We're seeing some short covering," said Jobe Moss, a broker with MCM Inc in Lubbock, Texas.
"(Soybeans) are up a little bit, the US dollar is practically unchanged; there is nothing, really, to trade off of." The December cotton contract on ICE Futures US settled up 0.25 cent, or 0.37 percent,
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Textile Raw Material Price 2016-08-22
Item
Price
Unit
Fluctuation
Date
Crude Oil WTI
48.57
USD/Barrel
0.73%
2016-08-22
Crude Oil Brent
817
USD/Barrel
0.62%
2016-08-22
PX
50.76
USD/Ton
-0.26%
2016-08-22
PTA Buy
4675
RMB/Ton
0%
2016-08-22
PTA Sell
608
USD/Ton
0%
2016-08-22
MEG Buy
5151
RMB/Ton
0.02%
2016-08-22
MEG Sell
626
USD/Ton
0.48%
2016-08-22
CPL Buy
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Cotton futures snapped two straight sessions of gains and fell on Friday on speculator liquidation ahead of the weekend amid a stronger dollar. "I think we are still seeing some speculator liquidation and a failure of a lot of speculators buying ahead of the weekend," said Louis Rose, an independent cotton trader and consultant with Risk Analytics in Memphis.
The second month December cotton contract on ICE Futures US declined about 3.7 percent for the week. "There were just not enough bargai
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Textile Raw Material Price 2016-08-21
Item
Price
Unit
Fluctuation
Date
Crude Oil WTI
48.22
USD/Barrel
3.06%
2016-08-21
Crude Oil Brent
812
USD/Barrel
0%
2016-08-21
PX
50.89
USD/Ton
2.09%
2016-08-21
PTA Buy
4675
RMB/Ton
0.54%
2016-08-21
PTA Sell
608
USD/Ton
0%
2016-08-21
MEG Buy
5150
RMB/Ton
0.59%
2016-08-21
MEG Sell
623
USD/Ton
0%
2016-08-21
CPL Buy
1140
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Textile Raw Material Price 2016-08-11
Item
Price
Unit
Fluctuation
Date
Crude Oil WTI
41.71
USD/Barrel
-2.48%
2016-08-11
Crude Oil Brent
800
USD/Barrel
0%
2016-08-11
PX
44.05
USD/Ton
-2.07%
2016-08-11
PTA Buy
4600
RMB/Ton
1.1%
2016-08-11
PTA Sell
608
USD/Ton
1%
2016-08-11
MEG Buy
5022
RMB/Ton
0%
2016-08-11
MEG Sell
612
USD/Ton
0.33%
2016-08-11
CPL Buy
113
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ICE cotton futures fell to their lowest in nearly a month on Wednesday as speculators liquidated long positions in follow through selling after the natural fibre market traded limit down on Tuesday, ahead of the release of reports from the US government this week. On Tuesday, the second month December cotton contract on ICE Futures US settled down 3 cents, or 3.94 percent, registering the biggest intraday percentage loss in nearly a year to trade limit down.
ICE said in a notice after the mar