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Cotton futures fell marginally for a second day on Wednesday on harvest pressure and profit-booking as the natural fibre market hovered around the overbought territory. The first-month December cotton contract on ICE Futures touched a more than three-week high of 71.70 cents per lb. on Tuesday, before settling lower to end a four-session rally.
"I think the rally was sort of precarious," said Louis Rose, an independent cotton trader and consultant with Risk Analytics in Memphis, Tennessee. "I
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Textile Raw Material Price 2016-10-19
Item
Price
Unit
Fluctuation
Date
Crude Oil WTI
50.29
USD/Barrel
0.7%
2016-10-19
Crude Oil Brent
51.68
USD/Barrel
0.31%
2016-10-19
PX
803
USD/Ton
0%
2016-10-19
PTA Buy
4625
RMB/Ton
0%
2016-10-19
PTA Sell
605
USD/Ton
0.33%
2016-10-19
MEG Buy
5330
RMB/Ton
0.57%
2016-10-19
MEG Sell
638
USD/Ton
-0.31%
2016-10-19
CPL Buy
1
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Cotton futures snapped a four-day rally to settle slightly lower on Tuesday, after marking an over-three week high earlier in the day, weighed down by a steady dollar amid indications of good harvest weather in the cotton belt areas of India and Texas. The first month December cotton contract on ICE Futures touched a session high of 71.70 cents per lb on Tuesday, a peak since September 23. The dollar index, which tracks the greenback against a basket of six major currencies, was nearly flat at 9
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Textile Raw Material Price 2016-10-18
Item
Price
Unit
Fluctuation
Date
Crude Oil WTI
49.94
USD/Barrel
-0.81%
2016-10-18
Crude Oil Brent
51.52
USD/Barrel
-0.83%
2016-10-18
PX
803
USD/Ton
0.38%
2016-10-18
PTA Buy
4625
RMB/Ton
0.98%
2016-10-18
PTA Sell
603
USD/Ton
-1.15%
2016-10-18
MEG Buy
5300
RMB/Ton
0.57%
2016-10-18
MEG Sell
640
USD/Ton
1.27%
2016-10-18
CPL
-
Cotton futures rose for the fourth straight session and hit a more than three-week high on Monday, supported by a weaker dollar and a rally in the grains market. Cotton followed grains like wheat and soybean, which traded higher, said Rogers Varner, president of Varner Brokerage in Cleveland, Mississippi. "The momentum for cotton is positive. It looks like it could test the gap at 72 cents," Varner added.
The market awaited the weekly crop progress data from the US Department of Agriculture d
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Textile Raw Material Price 2016-10-17
Item
Price
Unit
Fluctuation
Date
Crude Oil WTI
50.35
USD/Barrel
0.34%
2016-10-17
Crude Oil Brent
800
USD/Barrel
-0.62%
2016-10-17
PX
51.95
USD/Ton
0.27%
2016-10-17
PTA Buy
4580
RMB/Ton
-1.72%
2016-10-17
PTA Sell
610
USD/Ton
0.49%
2016-10-17
MEG Buy
5270
RMB/Ton
0.38%
2016-10-17
MEG Sell
632
USD/Ton
-0.63%
2016-10-17
CPL
-
Cotton futures rose for a third straight session to hit a more than two-week high on Friday on positive export sales data from the US Department of Agriculture and rains in West Texas, the country's top producing region. Weekly export sales data showed net upland sales totalled 226,900 running bales of cotton for the week ended Oct. 7, up 43 percent from the previous week.
"The export sales numbers were positive," said Jobe Moss, a broker with MCM Inc in Lubbock, Texas, adding that rains in W
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Textile Raw Material Price 2016-10-16
Item
Price
Unit
Fluctuation
Date
Crude Oil WTI
50.18
USD/Barrel
-1.2%
2016-10-16
Crude Oil Brent
51.81
USD/Barrel
-1.14%
2016-10-16
PX
805
USD/Ton
0.12%
2016-10-16
PTA Buy
4660
RMB/Ton
0.32%
2016-10-16
PTA Sell
607
USD/Ton
0%
2016-10-16
MEG Buy
5250
RMB/Ton
-0.61%
2016-10-16
MEG Sell
636
USD/Ton
-0.93%
2016-10-16
CPL Bu
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Cotton futures fell on Tuesday weighed down by a stronger US dollar, as the natural fibre market awaited the World Agricultural Supply and Demand Estimates (WASDE) report from the US government on Wednesday. The dollar hit an 11-week high on Tuesday as investors increased bets that the Federal Reserve would raise interest rates in December following a round of generally solid US economic data over the last few weeks.
"The movement in the dollar will mean more to cotton than whatever comes out
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Textile Raw Material Price 2016-10-11
Item
Price
Unit
Fluctuation
Date
Crude Oil WTI
49.81
USD/Barrel
0%
2016-10-11
Crude Oil Brent
51.93
USD/Barrel
0%
2016-10-11
PX
798
USD/Ton
0%
2016-10-11
PTA Buy
4630
RMB/Ton
0.22%
2016-10-11
PTA Sell
605
USD/Ton
0%
2016-10-11
MEG Buy
5275
RMB/Ton
0.86%
2016-10-11
MEG Sell
642
USD/Ton
1.1%
2016-10-11
CPL Buy
11200