New York futures moved higher this week, with December advancing 209 points to close at 63.94 cents/lb, while March gained 174 points to close at 62.27 cents/lb. “After posting a low of 60.83 cents two weeks ago, nearby supply worries have since lifted the December contract back into the mid-60s,” the latest Plexus cotton market report reveals. Spec short covering was the main driver behind the strength in December this week, after an improving chart picture triggered a number of buy stops

Almost zero forward deals with exporters seen this season as China reduced its imports from India, record-high acreage as well as cotton production, along with dull demand from mills has resulted in fall in cotton prices and it will be the lowest in last one year. Cotton prices have fallen to the lowest levels in the current cotton year (October 2013-September 2014), at Rs 33,000-34,000 a candy (356 kg). Demand for cotton in terms of exports will also be low. According to sources, going f

Textile Raw Material Price 2014-10-12 Item Price Unit Fluctuation Date Crude Oil WTI 85.82 USD/Barrel 0.06% 2014-10-12 Crude Oil Brent 1116 USD/Barrel -3.54% 2014-10-12 PX 90.21 USD/Ton 0.18% 2014-10-12 PTA Buy 5900 RMB/Ton -0.84% 2014-10-12 PTA Sell 800 USD/Ton -1.23% 2014-10-12 MEG Buy 5900 RMB/Ton -1.34% 2014-10-12 MEG Sell 805 USD/Ton -1.23% 2014-10-12

Textile Raw Material Price 2014-10-10 Item Price Unit Fluctuation Date Crude Oil WTI 85.77 USD/Barrel -1.76% 2014-10-10 Crude Oil Brent 90.05 USD/Barrel -1.46% 2014-10-10 PX 1157 USD/Ton -1.11% 2014-10-10 PTA Buy 6000 RMB/Ton -2.44% 2014-10-10 PTA Sell 820 USD/Ton -2.38% 2014-10-10 MEG Buy 6000 RMB/Ton -2.44% 2014-10-10 MEG Sell 825 USD/Ton -1.2% 2014-10-10

Textile Raw Material Price 2014-10-09 Item Price Unit Fluctuation Date Crude Oil WTI 87.31 USD/Barrel -1.73% 2014-10-09 Crude Oil Brent 91.38 USD/Barrel -0.79% 2014-10-09 PX 1170 USD/Ton -2.26% 2014-10-09 PTA Buy 6150 RMB/Ton -3.15% 2014-10-09 PTA Sell 885 USD/Ton 0% 2014-10-09 MEG Buy 6150 RMB/Ton -3.61% 2014-10-09 MEG Sell 835 USD/Ton -0.6% 2014-10-09 CPL

Global oil prices have fallen to their lowest level in more than two years after Saudi Arabia cut its official selling price. Concerns of oversupply after higher output in the US, together with forecasts of lower global demand by the International Energy Agency (IEA), are driving prices down. Brent crude fell by more than 1 percent to $93 a barrel, its lowest since June 2012. US light crude fell below $90 for the first time in 17 months. On Wednesday, Saudi Arabia announced it was re

Textile Raw Material Price 2014-10-08 Item Price Unit Fluctuation Date Crude Oil WTI 88.85 USD/Barrel -6.05% 2014-10-08 Crude Oil Brent 92.11 USD/Barrel -5.24% 2014-10-08 PX 1197 USD/Ton -4.24% 2014-10-08 PTA Buy 6350 RMB/Ton -3.05% 2014-10-08 PTA Sell 885 USD/Ton -1.12% 2014-10-08 MEG Buy 6380 RMB/Ton -2.15% 2014-10-08 MEG Sell 900 USD/Ton 0% 2014-10-08 CP

Textile Raw Material Price 2014-09-29 Item Price Unit Fluctuation Date Crude Oil WTI 93.54 USD/Barrel 0% 2014-09-29 Crude Oil Brent 97 USD/Barrel 0% 2014-09-29 PX 1265 USD/Ton 0% 2014-09-29 PTA Buy 6550 RMB/Ton -1.21% 2014-09-29 PTA Sell 895 USD/Ton -0.56% 2014-09-29 MEG Buy 6520 RMB/Ton -0.76% 2014-09-29 MEG Sell 900 USD/Ton -0.55% 2014-09-29 CPL Buy 15

Textile Raw Material Price 2014-09-28 Item Price Unit Fluctuation Date Crude Oil WTI 93.54 USD/Barrel 1.09% 2014-09-28 Crude Oil Brent 97 USD/Barrel 0% 2014-09-28 PX 1265 USD/Ton -0.08% 2014-09-28 PTA Buy 6630 RMB/Ton 0% 2014-09-28 PTA Sell 900 USD/Ton 0% 2014-09-28 MEG Buy 6570 RMB/Ton 0% 2014-09-28 MEG Sell 905 USD/Ton 0% 2014-09-28 CPL Buy 15900 RM

Textile Raw Material Price 2014-09-27 Item Price Unit Fluctuation Date Crude Oil WTI 92.53 USD/Barrel -0.29% 2014-09-27 Crude Oil Brent 97 USD/Barrel 0.05% 2014-09-27 PX 1266 USD/Ton 0.8% 2014-09-27 PTA Buy 6630 RMB/Ton 0% 2014-09-27 PTA Sell 900 USD/Ton 0% 2014-09-27 MEG Buy 6600 RMB/Ton 0.46% 2014-09-27 MEG Sell 905 USD/Ton 0% 2014-09-27 CPL Buy 15900