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Cotton futures dipped on Friday to settle the week little changed, near three-month lows touched earlier in the week, as another day of significant losses on top-consumer China's stock indices raised concerns. "Why would you want to get long something that's making new lows?" said Jobe Moss, a broker with MCM Inc in Lubbock, Texas.
March cotton on ICE Futures US settled down 0.49 cent, or 0.79 percent, at 61.41 cents per lb. It traded within a range of 61.34 and 62.02 cents a lb. The contrac
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Textile Raw Material Price 2016-01-17
Item
Price
Unit
Fluctuation
Date
Crude Oil WTI
31.2
USD/Barrel
2.36%
2016-01-17
Crude Oil Brent
31.03
USD/Barrel
2.38%
2016-01-17
PX
702
USD/Ton
-1.68%
2016-01-17
PTA Buy
4100
RMB/Ton
0%
2016-01-17
PTA Sell
550
USD/Ton
0%
2016-01-17
MEG Buy
4360
RMB/Ton
0%
2016-01-17
MEG Sell
542
USD/Ton
0%
2016-01-17
CPL Buy
9450
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Textile Raw Material Price 2016-01-14
Item
Price
Unit
Fluctuation
Date
Crude Oil WTI
30.48
USD/Barrel
0.13%
2016-01-14
Crude Oil Brent
30.31
USD/Barrel
-1.78%
2016-01-14
PX
714
USD/Ton
0.28%
2016-01-14
PTA Buy
4100
RMB/Ton
-0.73%
2016-01-14
PTA Sell
550
USD/Ton
0%
2016-01-14
MEG Buy
4360
RMB/Ton
-3.54%
2016-01-14
MEG Sell
542
USD/Ton
-2.87%
2016-01-14
CPL B
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Textile Raw Material Price 2016-01-13
Item
Price
Unit
Fluctuation
Date
Crude Oil WTI
30.44
USD/Barrel
-3.09%
2016-01-13
Crude Oil Brent
30.86
USD/Barrel
-2.19%
2016-01-13
PX
712
USD/Ton
-2.6%
2016-01-13
PTA Buy
4130
RMB/Ton
-3.28%
2016-01-13
PTA Sell
550
USD/Ton
-5.17%
2016-01-13
MEG Buy
4520
RMB/Ton
-1.2%
2016-01-13
MEG Sell
558
USD/Ton
-2.96%
2016-01-13
C
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Cotton futures rose for the third straight session on Wednesday, after the US government sharply reduced its outlook for world output in the prior session, and strong trade data from top cotton consumer China eased worries in global markets. On Tuesday, prices had pared gains after the US Department of Agriculture lowered its expectations for US consumption, but the focus shifted to the reduction in world production today.
"More of the universal psychology is on the world numbers now than on
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Cotton futures settled little changed after the US Department of Agriculture (USDA) slashed its outlook for world 2015-16 cotton production but lowered its forecast for world demand in its monthly supply and demand report on Tuesday. March cotton on ICE Futures US settled up 0.9 cent, or 0.1 percent at 61.59 cents a lb. The USDA cut its expectations for US cotton production to 12.94 million 480-lb bales, down from 13.03 million in its December forecast. The drop was within market expectations.
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Textile Raw Material Price 2016-01-12
Item
Price
Unit
Fluctuation
Date
Crude Oil WTI
31.41
USD/Barrel
-5.28%
2016-01-12
Crude Oil Brent
31.55
USD/Barrel
-5.96%
2016-01-12
PX
731
USD/Ton
-2.01%
2016-01-12
PTA Buy
4270
RMB/Ton
-0.7%
2016-01-12
PTA Sell
580
USD/Ton
0%
2016-01-12
MEG Buy
4575
RMB/Ton
0%
2016-01-12
MEG Sell
575
USD/Ton
0%
2016-01-12
CPL Buy
9
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The nylon value chain has lost more than half its values in Asian markets by end 2015 end ever since they were at their yearly peak in May-June. The plunge was triggered by the rapidly falling crude oil prices where in benzene, a refinery product – is closely linked. Caprolactum, a nylon fibre intermediate, is derived from benzene via cyclohexane. Nylon chip, nylon fibre and nylon filament yarn are derived from caprolactum. Thus, the final product costing depends on the movement in crude oil and
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Cotton futures rebounded on Monday after hitting a three-month low hit early in the session as the low prices attracted buyers and concerns about shortfalls in the recently-harvested US crop drove nearby prices closer to par with forward contracts "We're at an area where we've got demonstrated demand," said Louis Rose, independent cotton trader and consultant with Risk Analytics in Memphis, Tennessee. The March-May spread tightened to its narrowest in 2-1/2 months, with March's discount falling
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Textile Raw Material Price 2016-01-11
Item
Price
Unit
Fluctuation
Date
Crude Oil WTI
33.16
USD/Barrel
-0.33%
2016-01-11
Crude Oil Brent
33.55
USD/Barrel
-0.59%
2016-01-11
PX
746
USD/Ton
0.27%
2016-01-11
PTA Buy
4300
RMB/Ton
0%
2016-01-11
PTA Sell
580
USD/Ton
0%
2016-01-11
MEG Buy
4575
RMB/Ton
0%
2016-01-11
MEG Sell
595
USD/Ton
0%
2016-01-11
CPL Buy
9500