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Cotton futures fell on Monday to their lowest in three weeks on a broad selloff in commodities triggered by a stronger dollar ahead of Tuesday's monthly US government supply and demand report. "Lower energy, grains and metals cast a deflationary shadow on cotton prices today with a firmer dollar capping off the session's negative bias for the week," Jobe Moss, a broker with MCM Inc in Lubbock, Texas, said in a note.
The United States Agriculture Department will likely cut its estimate for US
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Textile Raw Material Price 2016-05-10
Item
Price
Unit
Fluctuation
Date
Crude Oil WTI
43.44
USD/Barrel
-2.73%
2016-05-10
Crude Oil Brent
43.63
USD/Barrel
-3.84%
2016-05-10
PX
792
USD/Ton
-0.38%
2016-05-10
PTA Buy
4640
RMB/Ton
5.22%
2016-05-10
PTA Sell
600
USD/Ton
0%
2016-05-10
MEG Buy
5000
RMB/Ton
0%
2016-05-10
MEG Sell
620
USD/Ton
-0.96%
2016-05-10
CPL Buy
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Cotton futures snapped a three-day losing streak, helped by gains in commodities, to settle marginally higher or little changed on Friday in cautious trading ahead of the release of key government data next week. The July cotton contract on ICE Futures US registered the biggest weekly loss in over two months. The monthly US government supply and demand report due on Tuesday is "generally expected to be more bearish than bullish," said Louis Rose, independent cotton trader and consultant with Ris
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The rates were sharply down in line with the global track in the process of trading on the cotton market on Monday, dealers said. The official spot rate was down by Rs 100 to Rs 5,550 dealers said. In the Punjab, prices showed no change at Rs 3100 and Rs 3400, they said. In the ready business, over 5000 bales of cotton changed hands between Rs 5300-5750, they said.
Market sources said that general trend in the market was bearish as the ginners have started declining prices, in line with the
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Textile Raw Material Price 2016-05-09
Item
Price
Unit
Fluctuation
Date
Crude Oil WTI
44.66
USD/Barrel
0.77%
2016-05-09
Crude Oil Brent
45.37
USD/Barrel
0.8%
2016-05-09
PX
795
USD/Ton
-1.12%
2016-05-09
PTA Buy
4410
RMB/Ton
-0.79%
2016-05-09
PTA Sell
600
USD/Ton
-1.64%
2016-05-09
MEG Buy
5000
RMB/Ton
-2.34%
2016-05-09
MEG Sell
626
USD/Ton
-2.34%
2016-05-09
CP
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Cotton futures fell to the lowest in over two weeks on Thursday, erasing modest early gains following weekly US government export sales data, on an downtrend in commodities and a stronger dollar.
Sales of upland cotton totaled 61,300 running bales for the week ended April 28, up 26 percent from the previous week.
The export sales numbers were neither bullish or nor bearish, said John Bondurant, a trader in Memphis, Tennessee, adding that cotton prices were down on the broad selloff in co
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Textile Raw Material Price 2016-05-08
Item
Price
Unit
Fluctuation
Date
Crude Oil WTI
44.32
USD/Barrel
1.23%
2016-05-08
Crude Oil Brent
45.01
USD/Barrel
0.87%
2016-05-08
PX
804
USD/Ton
-1.11%
2016-05-08
PTA Buy
4445
RMB/Ton
-6.81%
2016-05-08
PTA Sell
610
USD/Ton
-1.61%
2016-05-08
MEG Buy
5120
RMB/Ton
-1.16%
2016-05-08
MEG Sell
641
USD/Ton
-1.08%
2016-05-08
C
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Textile Raw Material Price 2016-05-04
Item
Price
Unit
Fluctuation
Date
Crude Oil WTI
43.65
USD/Barrel
-2.52%
2016-05-04
Crude Oil Brent
44.97
USD/Barrel
-1.88%
2016-05-04
PX
813
USD/Ton
-1.33%
2016-05-04
PTA Buy
4770
RMB/Ton
-2.05%
2016-05-04
PTA Sell
620
USD/Ton
-0.32%
2016-05-04
MEG Buy
5210
RMB/Ton
0.19%
2016-05-04
MEG Sell
655
USD/Ton
1.08%
2016-05-04
C
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Cotton futures rose nearly one percent to register the biggest gain in more than a week on Monday, helped by a weak dollar and short covering. "There is an element of people who think they should be long in the commodities market in general," said Keith Brown, proprietor and cotton trader at Keith Brown and Co in Moultrie, Georgia, adding that the sentiment in the cotton market is "friendly."
Speculators raised net long positions in cotton by 19,429 lots to a 3-1/2-month high of 28,784 lots
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Textile Raw Material Price 2016-05-03
Item
Price
Unit
Fluctuation
Date
Crude Oil WTI
44.78
USD/Barrel
-2.72%
2016-05-03
Crude Oil Brent
824
USD/Barrel
0.24%
2016-05-03
PX
45.83
USD/Ton
-4.8%
2016-05-03
PTA Buy
4870
RMB/Ton
0.31%
2016-05-03
PTA Sell
622
USD/Ton
-0.48%
2016-05-03
MEG Buy
5200
RMB/Ton
0.58%
2016-05-03
MEG Sell
648
USD/Ton
0.93%
2016-05-03
CPL