After the December contract had reached a high of 93.72 cents last Friday, followed by another attempt to a high of 93.54 cents on Monday, the ferocious rally that took the spot month nearly 900 points higher over the course of just nine sessions was finally losing steam. With momentum oscillators flashing warning signs and with December opening below its steep uptrend line on Monday night, the stage was set for speculators to head for the exit. What followed was a brutal smash that knocke

High cotton inventories will prevent further increase of cotton and other fibers’ price increases. Austria based manmade cellulose fiber giant, Lenzing Group presented its first half-year results for 2013. The impact of reducing sales price was clearly evident in the declining consolidated sales of Lenzing Group compared with the first half of last year. In its half yearly report, Lenzing Group has reported a 6.8% decline in its consolidated sales compared to first half year of last year.

When the market moved above a two-month old triangle formation on Wednesday, it generated a flood of new spec buying that lifted the December contract to its highest close in over 15 months. Today’s high of 89.42 cents came within reach of the 89.56 cents intraday high that marks the upper end of a sideways trend dating back to early February. This means that the market has arrived at a critical juncture – a move above this sideways trend would likely invite additional spec buying and propel the

Textile Raw Material Price 2013-08-16 Item Price Unit Fluctuation Date Oil WTI 106.85 USD/Barrel 0.02 2013-08-16 PX 1500 USD/Ton 2 2013-08-16 PTA Buy 7800 RMB/Ton -20 2013-08-16 PTA Sell 1115 USD/Ton -3 2013-08-16 MEG Buy 8320 RMB/Ton 0 2013-08-16 MEG Sell 1125 USD/Ton 5 2013-08-16 CPL Buy 18200 RMB/Ton 0 2013-08-16 CPL Sell 2320 USD/To

According to Wool Services International, a slow demand, combined with a larger offering, influenced a weakening in auction values this week. Wool Services International’s Coarse Crossbred Indicator declined by 2.2%, to 449 NZ cents per kilo, clean. Of the 18,660 bales on offer from both the North and South Island, 88% was cleared. Mid micron fleece prices ruled firm to slightly easier. Finer crossbred full fleece values were firm to 3.0% cheaper, with shorter types losing 1.0 to 4.0% of their

Textile Raw Material Price 2013-08-15 Item Price Unit Fluctuation Date Oil WTI 106.83 USD/Barrel 0.72 2013-08-15 PX 1498 USD/Ton 6 2013-08-15 PTA Buy 7820 RMB/Ton -20 2013-08-15 PTA Sell 1118 USD/Ton -7 2013-08-15 MEG Buy 8320 RMB/Ton -30 2013-08-15 MEG Sell 1120 USD/Ton -10 2013-08-15 CPL Buy 18200 RMB/Ton 0 2013-08-15 CPL Sell 2320 US

The country's textile industry is likely to face a tough situation in coming days as prices of raw cotton is likely to increase in the international market in coming day, despite forecasts of a comfortable stocks at the end of the season. Cotton prices are expected to rise in current fiscal (2013-14), according to new figures released by the International Cotton Advisory Committee (ICAC), which expects a rise in the season average 88 cents per pound in 2012-13 to more than one dollar in 2013-14.

Textile Raw Material Price 2013-08-14 Item Price Unit Fluctuation Date Oil WTI 106.11 USD/Barrel 0.14 2013-08-14 PX 1492 USD/Ton 0 2013-08-14 PTA Buy 7840 RMB/Ton 20 2013-08-14 PTA Sell 1125 USD/Ton 0 2013-08-14 MEG Buy 8350 RMB/Ton 50 2013-08-14 MEG Sell 1130 USD/Ton 5 2013-08-14 CPL Buy 18200 RMB/Ton 0 2013-08-14 CPL Sell 2320 USD/Ton

Textile Raw Material Price 2013-08-13 Item Price Unit Fluctuation Date Oil WTI 106.11 USD/Barrel 0.14 2013-08-13 PX 1492 USD/Ton 0 2013-08-13 PTA Buy 7840 RMB/Ton 20 2013-08-13 PTA Sell 1125 USD/Ton 0 2013-08-13 MEG Buy 8350 RMB/Ton 50 2013-08-13 MEG Sell 1130 USD/Ton 5 2013-08-13 CPL Buy 18200 RMB/Ton 0 2013-08-13 CPL Sell 2320 USD/Ton

Top 10 Categories in Rising Top 10 Categories in Falling 1. Thread & Rope 2.16% 1. Nylon Fabric -2.18% 2. Nylon/Cotton Fabric 1.76% 2. Viscose Fabric -1% 3. Lining 1.35% 3. Household Textile -0.67% 4. Polyester/Wool Fabric 0.85% 4. Viscose -0.55% 5. Cotton/Linen 0.6% 5. Blended Fiber Grey Cloth -0.45% 6. Chemical Fiber Grey Cloth 0.5% 6. Other Chemical Fiber -0.41% 7. Curtain 0.39% 7