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* Mills set prices on dips, underpinning market
* U.S. demand expectations lift prices to mid-August highs
* Exchange bales rise to highest since July
Cotton futures advanced on Friday to a second straight weekly gain as mills spied buying opportunities in earlier price drops.
The benchmark May cotton contract on ICE Futures U.S. closed up 0.51 cent, or 0.6 percent, at 92.19 cents a lb.
Commodities markets steaded after a sharp sell-off earlier in the week seen on concerns over ec
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Textile Raw Material Price 2014-03-16
Item
Price
Unit
Fluctuation
Date
Crude Oil WTI
97.99
USD/Barrel
-2.04%
2014-03-16
Crude Oil Brent
108.02
USD/Barrel
-0.49%
2014-03-16
PX
1204
USD/Ton
-1.71%
2014-03-16
PTA Buy
6300
RMB/Ton
0%
2014-03-16
PTA Sell
885
USD/Ton
0%
2014-03-16
MEG Buy
6670
RMB/Ton
-0.45%
2014-03-16
MEG Sell
915
USD/Ton
0%
2014-03-16
CPL Buy
-
Textile Raw Material Price 2014-03-13
Item
Price
Unit
Fluctuation
Date
Crude Oil WTI
97.99
USD/Barrel
-2.04%
2014-03-13
Crude Oil Brent
108.02
USD/Barrel
-0.49%
2014-03-13
PX
1204
USD/Ton
-1.71%
2014-03-13
PTA Buy
6300
RMB/Ton
0%
2014-03-13
PTA Sell
885
USD/Ton
0%
2014-03-13
MEG Buy
6670
RMB/Ton
-0.45%
2014-03-13
MEG Sell
915
USD/Ton
0%
2014-03-13
CPL Buy
-
Lower weekly export sales of U.S. cotton helped push prices of the fiber down on Thursday after a three-day runup, but not before the market hit a 6-1/2 month high on a fresh burst of buying.
"It's fair to assume the rally of the past three days was enough to throw the brakes on the market, and we really have to see the exports perform from here," said Sharon Johnson, senior cotton analyst at KCG Futures, a division of commodities broker Knight Capital, in Roswell, Georgia.
The most-active
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Textile Raw Material Price 2014-03-12
Item
Price
Unit
Fluctuation
Date
Crude Oil WTI
97.99
USD/Barrel
-2.04%
2014-03-12
Crude Oil Brent
108.02
USD/Barrel
-0.49%
2014-03-12
PX
1204
USD/Ton
-1.71%
2014-03-12
PTA Buy
6300
RMB/Ton
0%
2014-03-12
PTA Sell
885
USD/Ton
0%
2014-03-12
MEG Buy
6670
RMB/Ton
-0.45%
2014-03-12
MEG Sell
915
USD/Ton
0%
2014-03-12
CPL Buy
-
Textile Raw Material Price 2014-03-11
Item
Price
Unit
Fluctuation
Date
Crude Oil WTI
102.58
USD/Barrel
1%
2014-03-11
Crude Oil Brent
109
USD/Barrel
0.83%
2014-03-11
PX
1243
USD/Ton
0.08%
2014-03-11
PTA Buy
6350
RMB/Ton
0%
2014-03-11
PTA Sell
895
USD/Ton
-0.56%
2014-03-11
MEG Buy
6750
RMB/Ton
-1.17%
2014-03-11
MEG Sell
928
USD/Ton
-1.28%
2014-03-11
CPL Buy
-
New York-traded cotton futures edged higher on Tuesday, garnering support from the previous session's data showing tight supplies of cotton in the United States, the world's top exporter of the fiber.
The most-active May cotton contract on ICE Futures U.S. settled up 0.09 cent, or 0.01 percent, at $91.65 cents a lb.
Prices were pinned in a 124-point range throughout the session on relatively light trading volume, as traders digested the U.S. Department of Agriculture's monthly crop report
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* Prices mixed after USDA's monthly crop report
* U.S. government raises forecasts for U.S. exports, world stocks
* Weak China export data weighs on commodities markets
Cotton futures edged up in mixed trading on Monday, buoyed by a U.S. government forecast for lower ending 2013/14 inventories in the United States, the world's top exporter, even as world supplies are projected to climb.
The benchmark May cotton contract on ICE Futures U.S. clawed back gains to close up 0.29 cent, or
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Top 10 Categories in Rising
Top 10 Categories in Rising
1.TC Fabric
2.78%
1.Lining
-2.93%
2.Nylon Fabric
2.06%
2.Lace
-2.10%
3.Chemical Fiber Grey Cloth
0.86%
3.Belt
-2.05%
4.Thread & Rope
0.70%
4.Household Textiles
-0.97%
5.Apparel Lining
0.66%
5.TS Fabric
-0.86%
6.Fashion Fabric
0.52%
6.Blended
-0.64%
7.Curtain
0.48%
7.Bedding
-0.53%
8.Other Chemical Fiber
0.32%
8.TW Fabric
-
Textile Raw Material Price 2014-03-10
Item
Price
Unit
Fluctuation
Date
Crude Oil WTI
102.58
USD/Barrel
1%
2014-03-10
Crude Oil Brent
109
USD/Barrel
0.83%
2014-03-10
PX
1243
USD/Ton
0.08%
2014-03-10
PTA Buy
6350
RMB/Ton
0%
2014-03-10
PTA Sell
895
USD/Ton
-0.56%
2014-03-10
MEG Buy
6750
RMB/Ton
-1.17%
2014-03-10
MEG Sell
928
USD/Ton
-1.28%
2014-03-10
CPL Buy