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The rapidly falling cotton stocks in the country pushed prices higher to touch a new high level on Thursday. Many needy spinners continued to look for quality lint, but were mostly disappointed.
Floor brokers said that fast dwindling stocks of cotton are not only a cause of concern for textile industry as a whole, but also for many export-oriented spinning units who have to meet their foreign commitments, but are unable to get quality lint.
The fear of long delay in the arrival of next cr
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Textile Raw Material Price 2015-04-12
Item
Price
Unit
Fluctuation
Date
Crude Oil WTI
50.79
USD/Barrel
0.73%
2015-04-12
Crude Oil Brent
883
USD/Barrel
-0.9%
2015-04-12
PX
56.57
USD/Ton
1.84%
2015-04-12
PTA Buy
4750
RMB/Ton
0%
2015-04-12
PTA Sell
650
USD/Ton
0%
2015-04-12
MEG Buy
6700
RMB/Ton
1.21%
2015-04-12
MEG Sell
880
USD/Ton
0%
2015-04-12
CPL Buy
1390
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Textile Raw Material Price 2015-04-09
Item
Price
Unit
Fluctuation
Date
Crude Oil WTI
50.42
USD/Barrel
-6.6%
2015-04-09
Crude Oil Brent
55.55
USD/Barrel
-6.01%
2015-04-09
PX
891
USD/Ton
1.83%
2015-04-09
PTA Buy
4750
RMB/Ton
1.06%
2015-04-09
PTA Sell
650
USD/Ton
3.17%
2015-04-09
MEG Buy
6620
RMB/Ton
0%
2015-04-09
MEG Sell
880
USD/Ton
0%
2015-04-09
CPL Buy
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Top 10 Rising Categories
Top 10 Falling Categories
1.TW Fabric
0.97%
1.Thread & Rope
-3.05%
2.Lace
0.96%
2.Lining
-2.09%
3.Bedding
0.87%
3.Nylon Fabric
-1.52%
4.Fashion Fabric
0.50%
4.TS Fabric
-1.31%
5.Window Screen
0.49%
5.NC Fabric
-0.94%
6.Viscose
0.29%
6.Cotton Fabric
-0.93%
7.TR Fabric
0.06%
7.TC Fabric
-0.91%
8.Linen Viscose Fabric
0.00%
8.Blended Fiber Grey Cloth
-0.90%
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Strong demand for quality lint kept prices firm on the cotton market on Tuesday amid fast depleting stocks.
Floor brokers said that delay in the arrival of next crop and diminishing stocks with ginners are worrying spinners who still need substantial quantity of cotton.
Though sowing for the new crop has started in lower Sindh and Punjab, it is already late by around four weeks because of longer-than-expected spell of rains.
The Karachi Cotton Association (KCA) kept its spot rates uncha
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Textile Raw Material Price 2015-04-08
Item
Price
Unit
Fluctuation
Date
Crude Oil WTI
53.98
USD/Barrel
3.53%
2015-04-08
Crude Oil Brent
59.1
USD/Barrel
1.69%
2015-04-08
PX
875
USD/Ton
4.79%
2015-04-08
PTA Buy
4700
RMB/Ton
1.08%
2015-04-08
PTA Sell
630
USD/Ton
0%
2015-04-08
MEG Buy
6620
RMB/Ton
0.61%
2015-04-08
MEG Sell
880
USD/Ton
2.92%
2015-04-08
CPL Buy
-
No.
Item
WidthCM
Specification/Weight
Price
①
Polyester Printed Curtain Fabric
280
520g/m
12.80yuan/m
②
Cotton Pad-dyed Drill
148
20S×16S、128×60
14.50yuan/m
③
Polyester Lustrous Jacquard Printed Curtain Fabric
280
580g/m
14.80yuan/m
④
T/C80/20 Drill
148
20S×20S、108×58
10.80yuan/m
⑤
TW Slubbed Woolen Velvet
150
430g/m
25.00yuan/m
⑥
T/R Se
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Cotton futures rose to their highest level in six weeks on Tuesday as investor money poured into the commodities complex, with speculators attracted to fiber due to a recent rally and strong technical chart signals. The front-month May cotton contract on ICE Futures US gained 1.08 cents, or 1.7 percent, to settle at 66.42 cents a lb, after rising as high as 66.66 cents a lb, the highest for the front-month since February 23.
Tuesday marked cotton's third consecutive day of gains, its longest
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Textile Raw Material Price 2015-04-07
Item
Price
Unit
Fluctuation
Date
Crude Oil WTI
52.14
USD/Barrel
6.11%
2015-04-07
Crude Oil Brent
58.12
USD/Barrel
5.77%
2015-04-07
PX
835
USD/Ton
-0.36%
2015-04-07
PTA Buy
4530
RMB/Ton
1.8%
2015-04-07
PTA Sell
635
USD/Ton
1.6%
2015-04-07
MEG Buy
6580
RMB/Ton
2.02%
2015-04-07
MEG Sell
855
USD/Ton
0.83%
2015-04-07
CPL Buy
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Cotton futures had their biggest rally in over a week in heavy trade on Thursday, fuelled by strong export shipments, a weaker dollar, and positioning ahead of a long weekend. The front-month May cotton contract on ICE Futures US settled up 1.11 cent, or 1.8 percent, at 63.69 cents a lb, near the day's highs.
Cotton trading on ICE Futures US will be closed on Friday for the Good Friday holiday and will reopen at the regular time on Monday.
The day's jump came as the dollar dropped agains