ICE cotton opened sharply lower Sunday night and closed at 83.37 basis Z3, down almost 400 pts for the week. Given the lack of an obvious trigger for Sunday’s drama, traders searched for explanations, from disappointment over a tropical storm (Karen) to slower reserve purchases in China to 100-150k bales of looming cert stocks. Given the lack of government reporting – which in normal times levels the playing field for specs, as merchants can rely on sources on the ground – the rise in awaitin

When tropical storm “Karen’ and typhoon ‘Fitow’ failed to deliver the expected punch to cotton areas in the US and China over the weekend, the market quickly relinquished some of its weather premium when trading resumed this week. However, after a big turnover on Monday with over 39’000 contracts changing hands, there was not much follow-through selling beyond that, as trading turned relatively quiet over the following three sessions. We are somewhat surprised by how well open interest has

Textile Raw Material Price 2013-10-12 Item Price Unit Fluctuation Date Oil WTI 101.96 USD/Barrel 0.35 2013-10-12 PX 1480 USD/Ton 0 2013-10-12 PTA Buy 7580 RMB/Ton 0 2013-10-12 PTA Sell 1045 USD/Ton 0 2013-10-12 MEG Buy 7820 RMB/Ton 40 2013-10-12 MEG Sell 1062 USD/Ton 7 2013-10-12 CPL Buy 18500 RMB/Ton 0 2013-10-12 CPL Sell 2400 USD/Ton

Cotton harvest with John Deere Harvest Identification system in the field (c) 2013 John Deere During the 2013/14 season, world cotton production is projected at 25.5 million tons, the lowest in four seasons, but world cotton mill use is expected to remain around 23.5 million tons with consumption shifting from China to other countries, notably India, Pakistan and Turkey. Production in both the United States and China are significantly less than last season due to unfavorable weather condit

Textile Raw Material Price 2013-10-11 Item Price Unit Fluctuation Date Oil WTI 101.96 USD/Barrel 0.35 2013-10-11 PX 1480 USD/Ton 0 2013-10-11 PTA Buy 7580 RMB/Ton 0 2013-10-11 PTA Sell 1045 USD/Ton 0 2013-10-11 MEG Buy 7820 RMB/Ton 40 2013-10-11 MEG Sell 1062 USD/Ton 7 2013-10-11 CPL Buy 18500 RMB/Ton 0 2013-10-11 CPL Sell 2400 USD/Ton

Textile Raw Material Price 2013-10-10 Item Price Unit Fluctuation Date Oil WTI 103.03 USD/Barrel 0.16 2013-10-10 PX 1472 USD/Ton -16 2013-10-10 PTA Buy 7620 RMB/Ton -20 2013-10-10 PTA Sell 1052 USD/Ton 0 2013-10-10 MEG Buy 7810 RMB/Ton -20 2013-10-10 MEG Sell 1055 USD/Ton -3 2013-10-10 CPL Buy 18500 RMB/Ton 0 2013-10-10 CPL Sell 2390 US

ICE cotton sank on Monday to post its biggest loss in over six weeks as the weakening of Tropical Storm Karen eased worry over crop damage in the United States, the world's top exporter, and as the US government shutdown and budget impasse kept investors skittish. The most-active December cotton contract on ICE Futures US dropped 3.16 cents, or 3.6 percent, to settle at 84.02 cents a lb, after hitting 83.60 cents a lb, the lowest price in a month. It was the second month's biggest daily loss

Textile Raw Material Price 2013-10-09 Item Price Unit Fluctuation Date Oil WTI 103.03 USD/Barrel 0.16 2013-10-09 PX 1472 USD/Ton -16 2013-10-09 PTA Buy 7620 RMB/Ton -20 2013-10-09 PTA Sell 1052 USD/Ton 0 2013-10-09 MEG Buy 7810 RMB/Ton -20 2013-10-09 MEG Sell 1055 USD/Ton -3 2013-10-09 CPL Buy 18500 RMB/Ton 0 2013-10-09 CPL Sell 2390 US

Textile Raw Material Price 2013-10-08 Item Price Unit Fluctuation Date Oil WTI 102.87 USD/Barrel 0 2013-10-08 PX 1488 USD/Ton 0 2013-10-08 PTA Buy 7640 RMB/Ton 0 2013-10-08 PTA Sell 1052 USD/Ton 0 2013-10-08 MEG Buy 7830 RMB/Ton -10 2013-10-08 MEG Sell 1058 USD/Ton 0 2013-10-08 CPL Buy 18500 RMB/Ton 0 2013-10-08 CPL Sell 2390 USD/Ton

New Zealand Wool Services International Limiteds Marketing Executive, Mr Paul Steel reports that the 6,800 bales on offer in the North Island attracted strong interest in most sectors with a 95 percent clearance.Wool Remains Firm. New Zealand Wool Services International Limited’s Marketing Executive, Mr Paul Steel reports that the 6,800 bales on offer in the North Island attracted strong interest in most sectors with a 95 percent clearance. The weighted indicator for the main trading curr