Home / Knowledge / News / Textiles / Higher AWP to support market next week
Higher AWP to support market next week
Mar '09
Some profit taking in the equity markets after a strong week lead to a bounce in the USD and pull back in the commodities. The market still closed above technical support lines and should see some further follow through higher next week.

The USDA acreage report on Tuesday will be a big factor in keeping this rally going. Most estimates are around 8.3 million acres which is still a 12% cut in acres from last season but higher than the 8.1 NCC number last month.

Demand remains strong on this pull back and the higher AWP next week will raise the level of resistance in K'09 to 46 c/lb. There is good scale down support and the COT report on page 2 (attached PDF) shows that the index and spec funds are increasing their long positions while the trade are sellers.

There have been large amounts of physical cotton sold, but also 2 million bales were redeemed last week so there is strong commercial scale up selling. Cotton should continue to move in this current sideways to higher trading range between 43/46 next week.

Click here to view more:


Must ReadView All

Courtesy: Ikea

Textiles | On 26th Apr 2017

Ikea’s product sourcing from India to double by 2020

Ikea, the global home furnishing giant from Sweden, plans to double...

Textiles | On 26th Apr 2017

CITA to add insufficiently available fabric in CAFTA-DR

The Committee for the Implementation of Textile Agreements (CITA) has ...

Courtesy: SKF

Textiles | On 26th Apr 2017

SKF brings predictive maintenance for machinery to India

SKF India, a global supplier of bearings, seals, mechatronics,...

Interviews View All

Smith Vaghasia
Sanado India

Online remains the best destination for shopping

Dharmendra Shah
Ozone PB Spintex Limited

‘We have made huge investments to ensure quality yarn production.’

Viral Desai
Zenitex Mill Pvt Ltd

Full of green energy

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Robert Brunner

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


news category

Related Categories:
April 2017

April 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Browse Our Archives


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search