Home / Knowledge / News / Textiles / Cotton futures market showed volatility last month
Cotton futures market showed volatility last month
15
Mar '17
While most benchmark prices moved higher over the past month, volatility was a feature of cotton futures markets in February 2017, Cotton Incorporated said in its latest Monthly Economic Letter. The A Index rose a couple of cents over the past month. In early February, A Index values were near 85 cents/lb. The most recent values have been near 87 cents/lb.

The May NY futures contract was volatile over the past month. Values dropped several cents/lb near the middle of February, but made up for those losses and climbed above the values posted mid-February in several spurts in early March. The latest values have been near 78 cents/lb, the report 'Cotton Market Fundamentals & Price Outlook' said tracking recent price movements.

However, in both international and domestic terms, the China Cotton (CC) Index has been comparably stable, holding to levels around 16,000 yuan/ton or 105 cents/lb.

The stability of CC Index has contrasted with the volatility in Chinese futures. Values for the May ZCE futures contract gained nearly 500 yuan/ton early in the week of March 6 and reached levels just above 16,400 yuan/ton before collapsing later in the week and dropping to levels near 15,600 yuan/ton.

Meanwhile, prices for Indian Shankar-6 variety increased from values equivalent to 80 cents/lb in early February to those near 83 cents/lb in the latest trading. In domestic terms, values rose from Rs 42,000/maund to Rs 43,400/maund.

Pakistani prices were mostly stable. In international terms, values held near 78 cents/lb. In domestic terms, values held near 6,700 PKR/candy. (RKS)

Fibre2Fashion News Desk – India


Must ReadView All

'Knitting machines can be used for various applications'

Textiles | On 21st Aug 2018

'Knitting machines can be used for various applications'

Flat knitting machines have the potential of being used for a number...

Courtesy: Invista

Textiles | On 21st Aug 2018

Fujian Petrochemicals to use Invista's P8 PTA technology

Invista’s technology and licensing group, Invista Performance...

Indian team finds way to cut water use in textile industry

Textiles | On 21st Aug 2018

Indian team finds way to cut water use in textile industry

Researchers at the department of chemistry in Calicut University in...

Interviews View All

C. Dhandayuthapani
Mag Solvics Pvt. Ltd

ITME 2016 exploited our full strength like never before

Top executives
Textile industry

Knowledge sharing platform needed for sustainable water management

Headhonchos
Textiles & allied industry

Textiles industry is always in the forefront in accepting latest technology

Tina Antoniades

India-headquartered Lulu & Sky is a rapidly escalating brand with the...

Ravi Raj Desai

Himalaya Cotton Yarn Ltd manufactures high quality denier. The spinning...

Abhishek Pachauri

Reckon Industries is into manufacturing of textile process house machines, ...

Mark Paterson
Technical Absorbents Ltd

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

Ashok Desai
Bombay Textile Research Association

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

Paige Mullis
Glen Raven Inc

Paige Mullis discusses the expansion plans of Glen Raven Inc in India, and ...

Hemant & Nandita
Hemant & Nandita

The designer duo of Hemant & Nandita are known for being inspired by...

Varsha Wadhwa
VW

Coming from a family that ran a business of jute and linen mills since...

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts 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


August 2018

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

news category


Related Categories:

Advanced Search