Steady flow of buying orders kept cotton prices firm on Wednesday. However, activity could not expand as sellers were reluctant to make new deals. Market sources said that though there was strong demand for quality cotton from spinners, ginners preferred to hold back their stocks in anticipation of getting higher price in the coming days. Spinners have once again started importing cotton; around 30,000 bales have been imported from West Africa last month, brokers said. Earlier this season,

Textile Raw Material Price 2016-05-11 Item Price Unit Fluctuation Date Crude Oil WTI 44.66 USD/Barrel 2.81% 2016-05-11 Crude Oil Brent 45.52 USD/Barrel 4.33% 2016-05-11 PX 790 USD/Ton -0.25% 2016-05-11 PTA Buy 4630 RMB/Ton -0.22% 2016-05-11 PTA Sell 600 USD/Ton 0% 2016-05-11 MEG Buy 4990 RMB/Ton -0.2% 2016-05-11 MEG Sell 618 USD/Ton -0.32% 2016-05-11 CPL Bu

Prices recovered modest ground on the cotton market on Tuesday in the process of trading, dealers said. The official spot rate was up by Rs 50 to Rs 5,600 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 5200-6000, they said. Some brokers said that local market shrugged of overnight weakness, recovering modestly due to persistent demand by mills. Cotton analyst, Naseem Usman said t

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

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

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

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

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

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

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