New York cotton futures moved sideways last week, as December dropped 52 points to close at 63.04 cents/lb, while March gained 17 points to close at 61.88 cents/lb.
“The main feature this week was the drop in volatility, as the market is discounting a scenario in which prices are not expected to change significantly over the coming months”, the latest cotton market report from Plexus informs.
Both December and March volatility dropped around 2%, for at-the-money options this week, with out
The decision of purified terephthalic acid (PTA) producers like Reliance Industries Ltd (RIL) and Mitsubishi Chemical to increase prices by a steep Rs 2,100 a tonne from August 1 - just a week after the new government imposed anti-dumping duty on the product despite stiff opposition from the user lobby have added yet another chapter to their long-drawn battle.
PTA Users Association said that the anti-dumping duty meant a Rs 724 crore bonanza for the domestic manufacturers while putting a big
