Cotton futures eased to a nine-month low on Monday as building harvest pressure and concerns over excess inventories weighed. The most-active December cotton contract on ICE Futures US edged down 0.43 cent, or 0.5 percent, to settle at 78.65 cents a lb. Prices touched as low as 78.52 cents, the weakest level for the spot contract since January. Fibre performed in line with broader commodities markets, with the Thomson Reuters/Core Commodity CRB index down on the day. Harvests have begun in key p
The Asian naphtha margin was stable at $118.48 a tonne on Monday after hitting a five-week high in the previous session, supported by North Asian demand and tighter supplies. The gasoline margin fell to $2.68 a barrel, however, after briefly rising above $3 a barrel on Friday for the first time in about a week. South Korea's YNCC was heard to have bought about 75,000 tonnes of naphtha for second-half December delivery at premiums of about $8 a tonne to Japan quotes on a cost-and-freight (CandF)
