-
Price of high quality cotton declined by Rs125 per maund to Rs6,525 per maund at the local markets, while trade turnover of the commodity remained moderate, a dealer said on Saturday.
“Trade activities remained dull at the cotton markets,” Naseem Usman, a broker at the Karachi Cotton Exchange, said.
The recent depreciation in the dollar against the rupee has made imports of cotton and cotton yarn cheaper in Pakistan, while businessmen are seen capturing the opportunity, he said.
Of the
-
Textile Raw Material Price 2014-03-19
Item
Price
Unit
Fluctuation
Date
Crude Oil WTI
100.37
USD/Barrel
0.67%
2014-03-19
Crude Oil Brent
105.85
USD/Barrel
-0.88%
2014-03-19
PX
1169
USD/Ton
0%
2014-03-19
PTA Buy
6220
RMB/Ton
0.32%
2014-03-19
PTA Sell
877
USD/Ton
0.23%
2014-03-19
MEG Buy
6640
RMB/Ton
0.3%
2014-03-19
MEG Sell
920
USD/Ton
1.1%
2014-03-19
CPL Buy
-
Textile Raw Material Price 2014-03-18
Item
Price
Unit
Fluctuation
Date
Crude Oil WTI
98.08
USD/Barrel
-0.82%
2014-03-18
Crude Oil Brent
1158
USD/Barrel
0.61%
2014-03-18
PX
106.24
USD/Ton
-2.15%
2014-03-18
PTA Buy
6120
RMB/Ton
1.16%
2014-03-18
PTA Sell
870
USD/Ton
0%
2014-03-18
MEG Buy
6560
RMB/Ton
0.31%
2014-03-18
MEG Sell
908
USD/Ton
0%
2014-03-18
CPL Buy
-
* Soybeans soar, support fiber prices
* 'On-call' trade, investor buying lift prices near August highs
* Exchange stocks climb to highest since July
ICE cotton rose on Tuesday in subdued volumes, buoyed by climbing grains markets and by investor buying and mill fixations as traders fretted about tight U.S. supplies.
The most-active May cotton contract on ICE Futures U.S. closed up 0.9 cent, nearly 1 percent, at 92.93 cents a lb.
U.S. soybean and wheat futures rallied on Tuesday du
-
Textile Raw Material Price 2014-03-17
Item
Price
Unit
Fluctuation
Date
Crude Oil WTI
98.89
USD/Barrel
0.92%
2014-03-17
Crude Oil Brent
1151
USD/Barrel
-4.4%
2014-03-17
PX
108.57
USD/Ton
0.51%
2014-03-17
PTA Buy
6050
RMB/Ton
-3.97%
2014-03-17
PTA Sell
870
USD/Ton
-1.69%
2014-03-17
MEG Buy
6540
RMB/Ton
-1.95%
2014-03-17
MEG Sell
908
USD/Ton
-0.77%
2014-03-17
-
* 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
-
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
-
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