USA COTTON REPORT:
USA Cotton kept gaining during the last several days but now some corrections and downward trend is expected.
CHINA COTTON MARKET SENTIMENT:
China cotton prices showed mix trend during the last week. Some increase was noticed at the end of the week. Overall sentiment remained firm.
INDIAN COTTON PRICE SCENARIO:
Indian cotton continued its upward journey mainly due to government buying at minimum support prices. We hope and feel that Indian cotton prices will remain firm and stable in near future.
Pakistan cotton also remained firm like other markets. Main reason behind the bullish trend in Pakistan market is fear of short crop.
OTHER COTTON MARKETS:
Other major cotton markets position is also not different from the above markets.
Major Asian yarn markets also remained firm. Spinners are not ready to sell their yarns below the existing level due to fears of further rise in raw material prices.
Please see some Indian yarn prices.
100% Cotton Carded Weaving Yarns
Ne 21/1 – USD 2.45/kg (2650 CSP)
Ne 32/1 – USD 2.62/kg (2600 CSP)
Terms : CIF Qingdao/ Shanghai, Lc 90 days
Cotton Index Closing
TODAY DCMR 14800-bls 10000=10300-AQ
Pakistan Cotton Sales Report
TODAY DCMR 14800-bls 10000=10600-BALOCHI-AQ