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Cotton futures fell in light volume on Tuesday as traders hesitated to take on new positions before the US Federal Reserve's statement expected on Wednesday. "People are waiting to see what the Fed is going to do with the rates tomorrow," said Bobby Walton, president of Walcot Trading Company in Memphis, Tennessee, noting that a lack of high-quality cotton due to weather issues in the United States prevented further losses.
Tuesday's drop marked the fibre's fourth straight session of losses,
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Textile Raw Material Price 2015-12-16
Item
Price
Unit
Fluctuation
Date
Crude Oil WTI
37.35
USD/Barrel
2.86%
2015-12-16
Crude Oil Brent
38.45
USD/Barrel
1.4%
2015-12-16
PX
764
USD/Ton
0.13%
2015-12-16
PTA Buy
4225
RMB/Ton
0.36%
2015-12-16
PTA Sell
580
USD/Ton
0%
2015-12-16
MEG Buy
4470
RMB/Ton
0.11%
2015-12-16
MEG Sell
570
USD/Ton
0.35%
2015-12-16
CPL Buy
-
Cotton futures fell for the third straight session on Monday, touching nearly a two-week low as prices on the upper end of a recent trading range continued to deter buyers, who held out for further dips. "We were overbought and we're kind of regathering ourselves," said Ron Lawson, a partner at commodity investment firm Logic Advisors in Sonoma, California. "Markets have to breathe. You have to exhale so you can inhale again."
March cotton on ICE Futures US settled down 0.33 cent, or 0.52 pe
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Textile Raw Material Price 2015-12-15
Item
Price
Unit
Fluctuation
Date
Crude Oil WTI
36.31
USD/Barrel
1.94%
2015-12-15
Crude Oil Brent
37.92
USD/Barrel
-0.03%
2015-12-15
PX
763
USD/Ton
-1.93%
2015-12-15
PTA Buy
4210
RMB/Ton
0.24%
2015-12-15
PTA Sell
580
USD/Ton
0%
2015-12-15
MEG Buy
4265
RMB/Ton
0.95%
2015-12-15
MEG Sell
568
USD/Ton
1.43%
2015-12-15
CPL Buy
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Textile Raw Material Price 2015-12-14
Item
Price
Unit
Fluctuation
Date
Crude Oil WTI
35.62
USD/Barrel
-3.1%
2015-12-14
Crude Oil Brent
778
USD/Barrel
0.91%
2015-12-14
PX
37.93
USD/Ton
-4.53%
2015-12-14
PTA Buy
4430
RMB/Ton
0%
2015-12-14
PTA Sell
580
USD/Ton
0%
2015-12-14
MEG Buy
4215
RMB/Ton
0%
2015-12-14
MEG Sell
545
USD/Ton
0%
2015-12-14
CPL Buy
10050
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Cotton futures dipped in light volume on Friday, solidifying the fibre's first weekly loss after four straight weeks of gains as the upward move limited demand, dashing hopes that the rally would lift prices out of a tight trading range.
"At this level, you're not going to see mill demand," said Jim Lambert, director of sales at FCStone Merchant Services in Nashville, Tennessee, adding that the week's move lower likely limited upside in the near future. "Our bias right now is sideways to neg
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Textile Raw Material Price 2015-12-13
Item
Price
Unit
Fluctuation
Date
Crude Oil WTI
36.76
USD/Barrel
-1.08%
2015-12-13
Crude Oil Brent
39.73
USD/Barrel
-0.95%
2015-12-13
PX
771
USD/Ton
-1.41%
2015-12-13
PTA Buy
4430
RMB/Ton
0%
2015-12-13
PTA Sell
580
USD/Ton
0%
2015-12-13
MEG Buy
4215
RMB/Ton
0%
2015-12-13
MEG Sell
545
USD/Ton
0%
2015-12-13
CPL Buy
1005
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Cotton futures pared gains from 3-1/2-month highs but settled in positive territory on Wednesday after the US Department of Agriculture lowered its forecasts for US exports and global consumption in its monthly supply and demand report. March cotton on ICE Futures US settled up 0.37 cent, or 0.57 percent, at 64.81 cents per lb after trading as high as 65.23 cents, the highest since August 24, before the release of the report.
Prices pared gains after the USDA cut its outlook for global deman
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Textile Raw Material Price 2015-12-10
Item
Price
Unit
Fluctuation
Date
Crude Oil WTI
37.16
USD/Barrel
-0.93%
2015-12-10
Crude Oil Brent
40.11
USD/Barrel
-0.37%
2015-12-10
PX
782
USD/Ton
1.82%
2015-12-10
PTA Buy
4430
RMB/Ton
0%
2015-12-10
PTA Sell
580
USD/Ton
0%
2015-12-10
MEG Buy
4215
RMB/Ton
0%
2015-12-10
MEG Sell
545
USD/Ton
0%
2015-12-10
CPL Buy
10050
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Cotton futures dipped on Tuesday, but avoided the rout hitting other commodities as traders held back ahead of a monthly US government supply and demand report expected on Wednesday amid a weaker dollar and crop quality concerns. "We've got a cheaper dollar, and that's helping us," said Louis Rose, independent cotton trader and consultant with Risk Analytics in Memphis, Tennessee. "We've got this horrid crop in the US in terms of quality."
Rose added that he expected tomorrow's US Department