The market has been flat-lined in November, with the March contract closing the last 20 sessions in an extremely tight range of less than 200 points, between 77.23 and 79.19 cents/lb. One of the reasons for this anemic market is that speculators have left the cotton market in great numbers, either by exiting altogether or by cutting back their exposure. Looking at the latest CFTC report as of November 19, we notice that total open interest for futures and options combined amounted to just

Trade turnover of cotton and the commodity prices slightly declined at the local markets after cotton yarn manufacturers witnessed a slowdown in their sales, a dealer said on Saturday. “Pakistan’s cotton markets observed slowdown in trade activities,” Naseem Usman, a broker at the Karachi Cotton Exchange, said. Traders exchanged a total of 19,000 bales at Rs5,400 to Rs6,600 per maund (37.324 kilograms) as compared to 23,400 bales traded at Rs6,100 to Rs6,700 per maund a day ago, the Karach

Viscose textile markets in Asia continued to remain on the weaker trend and discussions mostly softened in China in the viscose staple fibre segment with downstream players still consuming raw material inventory amid bearish yarn market. Some spinners even reduced buying and were seeking lower priced goods amid the sluggish sentiment. VSF prices were stable to soft in India and Pakistan, while major producers insisted on trading prices. In the viscose filament markets, prices remained unchang

Textile Raw Material Price 2013-11-29 Item Price Unit Fluctuation Date Oil WTI 92.3 USD/Barrel -1.38 2013-11-29 PX 1417 USD/Ton 0 2013-11-29 PTA Buy 7230 RMB/Ton 0 2013-11-29 PTA Sell 980 USD/Ton 2 2013-11-29 MEG Buy 7500 RMB/Ton 50 2013-11-29 MEG Sell 1030 USD/Ton 10 2013-11-29 CPL Buy 17100 RMB/Ton 0 2013-11-29 CPL Sell 2300 USD/Ton

Active cotton trading continued at the local market on Wednesday, while spot rate remained unchanged, an analyst said. Spot rate remained firm at Rs6,350 per maund (37.324kg) and Rs6,805 per 40kg, while ex-Karachi rate stood unchanged at Rs6,505 per maund and Rs6,960 per 40kg after addition of Rs155 as upcountry expenses. A broker said that although the spot rate remained unchanged, individual deals received better prices because of improvement at New York cotton market. New York cotton

Textile Raw Material Price 2013-11-28 Item Price Unit Fluctuation Date Oil WTI 93.68 USD/Barrel -0.41 2013-11-28 PX 1417 USD/Ton 6 2013-11-28 PTA Buy 7230 RMB/Ton -20 2013-11-28 PTA Sell 978 USD/Ton -2 2013-11-28 MEG Buy 7450 RMB/Ton 50 2013-11-28 MEG Sell 1020 USD/Ton 0 2013-11-28 CPL Buy 17100 RMB/Ton 0 2013-11-28 CPL Sell 2300 USD/To

Farmers likely to hold back produce. Cotton prices are likely to come under pressure but they may not drop below the minimum support price fixed by the Government this year. “Currently, Shankar-6 is quoting at Rs 39,000-40,000 for a candy of 356 kg. Prices may drop another Rs 1,000 but not more than that,” said Anand K. Poppat of Saurashtra Ginners Association. The Shankar-6 variety is the one in demand for exports. “Prices will come under pressure once arrivals pick up, given the

Textile Raw Material Price 2013-11-27 Item Price Unit Fluctuation Date Oil WTI 94.09 USD/Barrel -0.73 2013-11-27 PX 1411 USD/Ton 4 2013-11-27 PTA Buy 7250 RMB/Ton -30 2013-11-27 PTA Sell 980 USD/Ton -5 2013-11-27 MEG Buy 7400 RMB/Ton 60 2013-11-27 MEG Sell 1020 USD/Ton 5 2013-11-27 CPL Buy 17100 RMB/Ton 0 2013-11-27 CPL Sell 2300 USD/To

Top 10 Categories in Rising Top 10 Categories in Falling 1.Fashion Fabrics 1.25% 1.T/C Fabrics -0.96% 2.Viscose/Wool Fabrics 1.24% 2.Viscose Fabric -0.43% 3.Thread & Rope 1.13% 3.Lining -0.40% 4.Bedding 0.90% 4.Blended -0.29% 5.T/N Fabrics 0.76% 5.Cotton/Linen -0.27% 6.Curtains 0.74% 6.T/S Fabrics -0.24% 7.Belts 0.71% 7.Nylon Fabrics -0.23% 8.N/C Fabrics 0.60% 8.Cotton Fabrics

Textile Raw Material Price 2013-11-26 Item Price Unit Fluctuation Date Oil WTI 94.82 USD/Barrel -0.62 2013-11-26 PX 1407 USD/Ton 0 2013-11-26 PTA Buy 7280 RMB/Ton -30 2013-11-26 PTA Sell 985 USD/Ton -7 2013-11-26 MEG Buy 7340 RMB/Ton -20 2013-11-26 MEG Sell 1015 USD/Ton 0 2013-11-26 CPL Buy 17100 RMB/Ton -100 2013-11-26 CPL Sell 2300 US