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Benchmark cotton futures on ICE Futures US hit a more than three-month low on Friday before recovering on a sharp move lower in the US dollar, but ended July down 6.8 percent for their worst month since September 2014. "Emerging markets are not buying very much," said Peter Egli, director of risk management at British merchant Plexus Cotton Ltd. "Unless you have a dollar collapse, I don't see where the strength for commodities comes from."
A weaker dollar boosts greenback-traded commodities
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Textile Raw Material Price 2015-08-02
Item
Price
Unit
Fluctuation
Date
Crude Oil WTI
48.52
USD/Barrel
-0.55%
2015-08-02
Crude Oil Brent
53.31
USD/Barrel
-0.13%
2015-08-02
PX
860
USD/Ton
0.94%
2015-08-02
PTA Buy
4550
RMB/Ton
0%
2015-08-02
PTA Sell
640
USD/Ton
0%
2015-08-02
MEG Buy
6200
RMB/Ton
-2.36%
2015-08-02
MEG Sell
820
USD/Ton
-1.2%
2015-08-02
CPL Buy
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Textile Raw Material Price 2015-07-30
Item
Price
Unit
Fluctuation
Date
Crude Oil WTI
48.79
USD/Barrel
1.69%
2015-07-30
Crude Oil Brent
53.38
USD/Barrel
0.15%
2015-07-30
PX
852
USD/Ton
0%
2015-07-30
PTA Buy
4550
RMB/Ton
0%
2015-07-30
PTA Sell
640
USD/Ton
0%
2015-07-30
MEG Buy
6350
RMB/Ton
0.79%
2015-07-30
MEG Sell
830
USD/Ton
0.61%
2015-07-30
CPL Buy
1150
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Textile Raw Material Price 2015-07-29
Item
Price
Unit
Fluctuation
Date
Crude Oil WTI
47.98
USD/Barrel
1.24%
2015-07-29
Crude Oil Brent
53.3
USD/Barrel
-0.32%
2015-07-29
PX
852
USD/Ton
-1.16%
2015-07-29
PTA Buy
4550
RMB/Ton
0.55%
2015-07-29
PTA Sell
640
USD/Ton
1.59%
2015-07-29
MEG Buy
6300
RMB/Ton
0.8%
2015-07-29
MEG Sell
825
USD/Ton
1.23%
2015-07-29
CPL Bu
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The US government's decision to upgrade the Uzbek government's ranking in its 2015 Trafficking in Persons Report despite noting that “government-compelled forced labor of adults remains endemic,” has come under fire from Cotton Campaign.
Cotton Campaign is a coalition of human rights organisations, trade unions, socially responsible investors and business associations united to end forced labor of children and adults in the cotton industry in Uzbekistan.
In a letter to US Secretary of Stat
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Benchmark cotton futures on ICE rose the most in two weeks on Tuesday after a drop to more than three-month lows triggered physical demand, resulting in short-covering by speculators. "With a lack of selling pressure on the physical side, the path of least resistance is up," said Louis Rose, an independent cotton trader and consultant at Risk Analytics in Memphis, Tennessee.
Rose noted that there was a big amount of short-covering when prices approached last week's settlement level at 64.64
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Textile Raw Material Price 2015-07-28
Item
Price
Unit
Fluctuation
Date
Crude Oil WTI
47.39
USD/Barrel
-1.56%
2015-07-28
Crude Oil Brent
53.47
USD/Barrel
-2.11%
2015-07-28
PX
862
USD/Ton
-0.92%
2015-07-28
PTA Buy
4525
RMB/Ton
0%
2015-07-28
PTA Sell
630
USD/Ton
0%
2015-07-28
MEG Buy
6250
RMB/Ton
0%
2015-07-28
MEG Sell
815
USD/Ton
0%
2015-07-28
CPL Buy
1150
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Top 10 Rising Categories
Top 10 Falling Categories
1.Thread & Rope
3.20%
1.RW Fabric
-3.97%
2.Nylon Fabric
3.00%
2.Apparel Lining
-1.60%
3.Polyester Fabric
0.78%
3.TC Fabric
-1.37%
4.Natural Fiber Grey Cloth
0.77%
4.Bedding
-0.59%
5.Household Textiles
0.65%
5.Polyester
-0.58%
6.Belt
0.58%
6.Fashion Fabric
-0.48%
7.Viscose
0.15%
7.Lining
-0.46%
8.Blended
0.13%
8.Widow Screen
-0.4
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Benchmark cotton futures on ICE fell to their lowest in over three months on Monday after steep stock market losses in top consumer China, which pressured commodities across the board. "When a gigantic portion of the world economy is under duress, that's bearish for everything," said Jobe Moss, a broker with MCM Inc in Lubbock, Texas.
December cotton on ICE Futures US settled 0.84 cent lower, or 1.3 percent, at 63.80 cents per pound, after falling as low as 63.69 cents a lb, the lowest level
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Textile Raw Material Price 2015-07-28
Item
Price
Unit
Fluctuation
Date
Crude Oil WTI
48.14
USD/Barrel
-0.64%
2015-07-28
Crude Oil Brent
870
USD/Barrel
-0.68%
2015-07-28
PX
54.62
USD/Ton
-1.18%
2015-07-28
PTA Buy
4525
RMB/Ton
-0.55%
2015-07-28
PTA Sell
630
USD/Ton
0%
2015-07-28
MEG Buy
6300
RMB/Ton
-1.87%
2015-07-28
MEG Sell
815
USD/Ton
-1.81%
2015-07-28
CPL