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Cotton futures eased on Thursday, under pressure from technically-driven selling after prices touched overbought conditions and hovered below Tuesday's near three-month high.
The most-active March cotton contract on ICE Futures U.S. closed down 0.6 cent, or 0.7 percent, at 84.04 cents a lb.
Spot prices hovered under Tuesday's high of 85.29 cents a lb, the strongest level since early October.
Even so, the March contract was seen as technically strong as it closed above its 200-day moving
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Textile Raw Material Price 2014-01-03
Item
Price
Unit
Fluctuation
Date
Oil WTI
98.42
USD/Barrel
-1.84
2014-01-03
PX
1429
USD/Ton
-2
2014-01-03
PTA Buy
7420
RMB/Ton
0
2014-01-03
PTA Sell
998
USD/Ton
-2
2014-01-03
MEG Buy
7520
RMB/Ton
0
2014-01-03
MEG Sell
1030
USD/Ton
0
2014-01-03
CPL Buy
17600
RMB/Ton
0
2014-01-03
CPL Sell
2350
USD/Ton
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Increased demand from mills and exporters led to a rise in cotton prices last month, by Rs 2,500 a candy (356 kg). According to industry sources, restricted selling by farmers was one reason. Prices moved up from Rs 38,300-38,500 a candy to Rs 40,800-41,000.
“Thanks to improved export, there has been a heavy rise in demand from domestic mills. To create stock, domestic yarn mills also bought cotton in large quantities during December,” said Arun Dalal of Arun Kumar & Co, a leading cotton
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Textile Raw Material Price 2014-01-02
Item
Price
Unit
Fluctuation
Date
Oil WTI
98.42
USD/Barrel
-1.84
2014-01-02
PX
1429
USD/Ton
-2
2014-01-02
PTA Buy
7420
RMB/Ton
0
2014-01-02
PTA Sell
998
USD/Ton
-2
2014-01-02
MEG Buy
7520
RMB/Ton
0
2014-01-02
MEG Sell
1030
USD/Ton
0
2014-01-02
CPL Buy
17600
RMB/Ton
0
2014-01-02
CPL Sell
2350
USD/Ton
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Top 10 Categories in Rising
Top 10 Categories in Rising
1.Threads & Ropes
0.93%
1.Cotton Fabric
-1.01%
2.RW Fabric
0.83%
2.Bedding
-0.85%
3.NC Fabric
0.50%
3.Apparel Lining
-0.78%
4.Polyester Fabric
0.31%
4.Chemical Fiber Grey Cloth
-0.69%
5.TW Fabric
0.28%
5.Lining
-0.46%
6.Household Textiles
0.26%
6.Blended Fiber Grey Cloth
-0.37%
7.TN Fabric
0.21%
7.Viscose
-0.36%
8.Curtain
0.20%
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Textile Raw Material Price 2013-12-31
Item
Price
Unit
Fluctuation
Date
Oil WTI
100.32
USD/Barrel
0.77
2013-12-31
PX
1429
USD/Ton
-6
2013-12-31
PTA Buy
7430
RMB/Ton
10
2013-12-31
PTA Sell
995
USD/Ton
0
2013-12-31
MEG Buy
7580
RMB/Ton
-20
2013-12-31
MEG Sell
1030
USD/Ton
-2
2013-12-31
CPL Buy
17500
RMB/Ton
0
2013-12-31
CPL Sell
2350
USD/T
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Textile Raw Material Price 2013-12-30
Item
Price
Unit
Fluctuation
Date
Oil WTI
99.55
USD/Barrel
0.33
2013-12-30
PX
1435
USD/Ton
0
2013-12-30
PTA Buy
7420
RMB/Ton
20
2013-12-30
PTA Sell
995
USD/Ton
0
2013-12-30
MEG Buy
7600
RMB/Ton
-90
2013-12-30
MEG Sell
1032
USD/Ton
-3
2013-12-30
CPL Buy
17500
RMB/Ton
0
2013-12-30
CPL Sell
2350
USD/Ton
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Textile Raw Material Price 2013-12-27
Item
Price
Unit
Fluctuation
Date
Oil WTI
99.22
USD/Barrel
0.31
2013-12-27
PX
1435
USD/Ton
0
2013-12-27
PTA Buy
7400
RMB/Ton
0
2013-12-27
PTA Sell
995
USD/Ton
-3
2013-12-27
MEG Buy
7690
RMB/Ton
140
2013-12-27
MEG Sell
1035
USD/Ton
7
2013-12-27
CPL Buy
17500
RMB/Ton
0
2013-12-27
CPL Sell
2350
USD/Ton
-
Textile Raw Material Price 2013-12-26
Item
Price
Unit
Fluctuation
Date
Oil WTI
98.91
USD/Barrel
-0.41
2013-12-26
PX
1435
USD/Ton
-1
2013-12-26
PTA Buy
7400
RMB/Ton
-20
2013-12-26
PTA Sell
998
USD/Ton
6
2013-12-26
MEG Buy
7550
RMB/Ton
-90
2013-12-26
MEG Sell
1028
USD/Ton
-3
2013-12-26
CPL Buy
17500
RMB/Ton
0
2013-12-26
CPL Sell
2350
USD/
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Textile Raw Material Price 2013-12-25
Item
Price
Unit
Fluctuation
Date
Oil WTI
98.91
USD/Barrel
-0.41
2013-12-25
PX
1435
USD/Ton
-1
2013-12-25
PTA Buy
7400
RMB/Ton
-20
2013-12-25
PTA Sell
998
USD/Ton
6
2013-12-25
MEG Buy
7550
RMB/Ton
-90
2013-12-25
MEG Sell
1028
USD/Ton
-3
2013-12-25
CPL Buy
17500
RMB/Ton
0
2013-12-25
CPL Sell
2350
USD/