Home / Knowledge / News / Textiles / Daily worldwide cotton market report
Daily worldwide cotton market report
09
Jun '09
Last night in New York futures market, July 09 closed at 55.67 with a gain of 56 points the volume traded was 11779 contracts, the October 09 closed at 58.32 with a gain of 71 points and the volume traded was 301 contracts, while the December 09 closed at 60.24 with a gain of 67 points and the volume traded under December 09 cover was 7519. The cotlook A index declared settled at 61.55 with a decrease of 125 points today.

The spot rate of KCA remained firm and strong, the settlement declared at Rs. 3550/=, with no changes today. In the domestic market today 400 bales of Layyah sold at Rs. 3450/=, 200 bales of Jalal Pur sold at Rs. 3550/=, 200 bales of Lodhran sold at Rs. 3550/=, and 200 bales of Ali Pur sold at Rs. 3550/=.

“The China National Cotton Exchange (CNCE) announced has from this week started to offer 2003/2004 and 2004/2005 crop (including imported cotton) from the state reserves, alongside continuing allocations of current crop. At today's auction, a total of 25,212 tonnes were made available, of which 18,012 tonnes were taken up. The averaged grade was 4.04, marking a decline on the average witnessed to date, attributable to the inclusion of old crop cotton. The weighted average price converted to Type 328 was 12,800 Yuan per tonne, slightly higher than on Friday. From May 22 to date, a total of 104,391 tonnes have been transacted.”

The USDA will release the monthly supply/demand report tomorrow at 8:30 a.m. Eastern time. With U.S. export commitments excluding the USDA target of 12.5 million bales by a million bales and shipments on pace to exceed the USDA estimate suggest that U.S. export projection may be increased 300-500 bales on Wednesday's report for the 08/09 supply/demand sheet. An increase in U.S. exports would immediately translate to a reduction in U.S. ending stocks as of August 1, 2009 and 2010. There is a chance the USDA may increase World Consumption for 09/10 on the World Statistics due to the improvement in the textile sector of late in China.

U.S. cotton under loan totaled 499,734 bales down 1,725 bales for the week ending June 2. There were 199,265 bales under Form A and 484,081 bales under Form G.

According to local business daily “consumer credit dives again. Borrowing fell by $15.7 billion in April, far worse than views and the 6th drop in 7 months, as consumers pare debt, possibly limiting an economic recovery. March's consumer credit decline was revised up to record $16.6 billion. In April, credit card and other revolving debt fell by $8.6 billion. Auto and other non-revolving credit sank $7.1 billion.”

A second article in the daily said that, “U.S. growth to turn positive soon. A gauge of future U.S. economic activity rose to a 32-week high of 113.5 for the week ended May 29 from 111.9 the prior week, the Economic Cycle Research Institute said. Its annualized growth rate jumped to a 46-week high of -7.1% from -9.3% the week before. The data reaffirm ECRI's view that U.S. prospects are 'rapidly reviving' and annual growth will return this summer.”


Must ReadView All

Courtesy: BekaertDeslee

Textiles | On 23rd Oct 2017

BekaertDeslee to expand North American facility

BekaertDeslee, one of the largest manufacturer of mattress textiles...

Courtesy: A&E

Textiles | On 23rd Oct 2017

A&E unveils Magic using Repreve sewing thread

American & Efird (A&E), a leading developer of industrial and...

Courtesy: Messe Frankfurt

Textiles | On 23rd Oct 2017

Over 4,000 exhibitors attend Intertextile Shanghai 2017

Another successful Intertextile Shanghai Apparel Fabrics has wrapped...

Interviews View All

Nuno Venda
ROQ

‘There has been an increase in demand for water based inks, rather than...

Victor Chao
Esmetex

‘In future, clothing boundary lines will become increasingly blurred.’

Awen Delaval
Samatoa

'Natural fibres are appreciated for traditional authenticity'

Harsh Shah

Established in 1956 with a small beginning, Embee today manufactures a...

C Dhandayuthapani

MAG Solvics Private Limited was established in 1991 to design and develop...

Rikesh Mistry

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

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Robert Brunner
Devereux

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

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

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

October 2017

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
76.1%
No
12.7%
Skip
11.3%

Total Votes: 71

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
62.0%
No
28.2%
Skip
9.9%

Total Votes: 71

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
85.9%
No
9.9%
Skip
4.2%

Total Votes: 71

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
76.1%
No
11.3%
Skip
12.7%

Total Votes: 71


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