Home / Knowledge / News / Textiles / Daily worldwide cotton market report
Daily worldwide cotton market report
29
Apr '09
Last night in New York futures market, July 09 closed at 52.70 with a loss of 32 points, the October 09 closed at 54.95 with a loss of 52 points, while the December 09 closed at 56.01 with a loss of 49 points. The A index declared settled at 59.25 with an increase of 45 points today.

The spot rate of KCA remained firm and strong, settlement declared at Rs. 3550/= with no changes today. In the domestic market 400 bales traded between an export house and a mill in Karachi at Rs. 3600/= , 600 bales of Bucheri changed hands at Rs. 3700/=, 1000 bales of Mirpur Bathoro sold at Rs. 3850/= ( New Crop July 09 Delivery ) , 1400 bales of Fazil Pur sold at Rs. 3500/= , 1000 bales of Burewala sold at Rs. 3590/= , 800 bales of Nurpur Nauranga sold at Rs. 3550/= , and 800 bales of Ahmed Pur East sold at Rs. 3550/= . Finally 200 Bales of Mirpur Khas sold for a July Delivery from new crop at Rs. 3900/=.

China last week unveiled a three-year plan for revamping its textile and clothing industries which are confronted with a serious slowdown of exports. Research and Development will be enhanced for developing new products while further automatization should improve productivity. Officials also insist on reducing energy and water use by textile companies while there is a need for developing the domestic market and global apparel brands.

Polyester prices are rising on the Pakistan domestic market, reflecting an increase in PSF prices from China and higher raw material costs. A recent jump in cotton prices is also stimulating the use of polyester fibers.

Export prices of Indian yarns recently rose on the international market, thanks to a stronger demand. While export prices slightly increased for cotton yarns and surged for viscose yarns, they however declined for polyester-cotton yarns, our India Correspondent reports.

Polyester prices are surging in China where demand for cheaper fibers is boosting the market. Raw material costs of polyester makers are also sharply increasing, offering good reasons to push up prices to higher levels. The recent rise in cotton prices is also supporting the PSF market while demand for filament yarns is progressively improving.

The post-quota period is offering extremely contrasted situations for US imports from China, as reflected by our detailed analysis of the very important categories 338/339 (cotton knit shirts). While Chinese prices may have declined for a 10-digit HTS tariff line, they rose for another one. Growth of Chinese imports may also widely change from a product to another one.

Ghulam Rabbani & Co.


Must ReadView All

Vietnam's textile-garment export turnover $16 bn in H1 '18

Apparel/Garments | On 19th Jul 2018

Vietnam's textile-garment export turnover $16 bn in H1 '18

Vietnam is among the world's five biggest textile exporters and...

Courtesy:  Pratibha Syntex

Apparel/Garments | On 19th Jul 2018

India's Pratibha Syntex aims $200 mn sales revenue by 2020

Pratibha Syntex, with interests in fibre, spinning, knitting and...

Kenya to use Sh6 bn Indian loan to upgrade Rivatex

Textiles | On 19th Jul 2018

Kenya to use Sh6 bn Indian loan to upgrade Rivatex

Kenya will use a Sh6 billion loan from India’s Exim Bank to expand...

Interviews View All

Nishank Patel
Shri Dinesh Mills Limited

Broad range of fabrics will sell well this financial year

Karel Williams
Dow Microbial Control

'Silvadur is most rapidly adopted in areas where hygiene-conscious and...

Milind Khandwe
Hindoostan Innovation Centre

‘Modern technical textile is an indispensable tool for science and...

Nitesh Mittal

Kusumgar Corporates is a leading manufacturer of technical textiles and...

Rikesh Mistry

Jupiter Comtex Pvt Ltd, established in 1973, started its textile machinery ...

Apurva Kothari

No Nasties was the first fashion brand in India to make 100 per cent...

Larry L Kinn
Suominen Corporation

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

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Bani Batra

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

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Sidharth Sinha
Sidharth Sinha

<b>Sidharth Sinha</b> has contributed to the successful rebirth and...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


July 2018

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

news category


Related Categories:

Advanced Search