After trading to a low of 82.11 cents last week, downside momentum faded and the market was able to move slightly higher this week, with December closing today about 300 points above important long-term support at 81.72 cents. The lack of momentum was evident from the low trading volume, which averaged just around 14’000 contracts per session between Friday and Wednesday, before picking up slightly to an estimated 17’371 lots today. The much anticipated USDA report contained no great surpr

Textile Raw Material Price 2013-09-13 Item Price Unit Fluctuation Date Oil WTI 108.6 USD/Barrel 1.04 2013-09-13 PX 1501 USD/Ton -1 2013-09-13 PTA Buy 7730 RMB/Ton 0 2013-09-13 PTA Sell 1068 USD/Ton -2 2013-09-13 MEG Buy 7920 RMB/Ton -60 2013-09-13 MEG Sell 1078 USD/Ton -2 2013-09-13 CPL Buy 18500 RMB/Ton 0 2013-09-13 CPL Sell 2360 USD/T

This week’s sale saw a sharp increase in wool prices compared with the first sale of the new wool-selling season and the Cape Wools Merino indicator gained 13.8% to close at R116.03/kg (clean). This increase is attributed to the active European demand pushing the market price of wool in an upward direction. Traders commented that the relatively unchanged rand value played no role in the steep climb in the wool price. The rand was 0.7% weaker against the US dollar compared with the average ra

Cotton futures rose the most in over three weeks on Tuesday as China began stockpiling this week and on expectations Thursday's monthly US government forecast would show continued strong demand in the world's top consumer. The most-active December cotton contract on ICE Futures US closed up 0.97 cent, or 1.2 percent, at 84.47 cents a lb. It was second-month contract's biggest daily gain since mid-August, when speculators began exiting the market in droves and sent prices tumbling from a five

New Zealand Wool Services International Limiteds General Manager, Mr John Dawson reports that the 9,100 bales of South Island wool on offer this week saw a 91 percent clearance with mainly 29 micron and finer wools making up most of the unsold portion.Wool Prices Continue to Gain New Zealand Wool Services International Limited’s General Manager, Mr John Dawson reports that the 9,100 bales of South Island wool on offer this week saw a 91 percent clearance with mainly 29 micron and finer wools

Wool prices are expected to lift this year and early next year. Last week Poimena Analysis principal Chris Wilcox told delegates at Wool Week that leading economic indicators were pointing to higher fine wool prices. "I expect the next few months and into 2014 to be positive for wool," Mr Wilcox said. "We could see things drop back due to uncertainty, but I expect it will be pretty positive like we've seen in the past two weeks." His comments come as the Eastern Market Indicator lif

Textile Raw Material Price 2013-09-12 Item Price Unit Fluctuation Date Oil WTI 107.39 USD/Barrel -3.14 2013-09-12 PX 1506 USD/Ton 3 2013-09-12 PTA Buy 7750 RMB/Ton -20 2013-09-12 PTA Sell 1072 USD/Ton -3 2013-09-12 MEG Buy 7980 RMB/Ton 0 2013-09-12 MEG Sell 1085 USD/Ton -10 2013-09-12 CPL Buy 18500 RMB/Ton 0 2013-09-12 CPL Sell 2360 USD

The International Cotton Advisory Committee cut its forecast for cotton prices for a third time, as it downgraded demand estimates, even as US officials cautioned that hopes for Chinese imports may be too large. The ICAC, an intergovernmental group, downgraded by 5 cents a pound to 103 cents a pound its forecast for average 2013-14 cotton prices, as measured by the Cotlook A index of physical values. The move by the ICAC, which had in May forecast prices averaging 122 cents a pound, reflected

Prices for carpet and textile wool rose at today's North Island sale. Fine crossbred fleece and shears were 3 to 6 per cent dearer than the previous sale, good-style coarse full fleece were 5 to 6 per cent stronger with poorer styles lifting by 7 to 10 per cent. Coarse shears were 6 to 10 per cent dearer, long oddments increased by 6 to 8.5 per cent with shorter types 4 to 6 per cent stronger. A shortage of wool and increased competition among exporters shipping to Australasia, China, Middle

Source: Fiber 2 Fashion