INDIAN COTTON TREND:
Indian cotton prices are increasing with the progress of season.
PAKISTAN COTTON TREND:
Pakistan cotton market is firm and stable. After the latest Pakistan Cotton Ginners Report short crop feeling has been endorsed with more power.
China cotton market after having upward march during the previous 10 days is now facing some resistance to move further up.
Prices in other leading cotton markets like Brazil, Mexico, Argentine and west Africa remained stable during the last two days.
Yarn prices following the cotton prices are still moving upward and still gaining on daily basis. Yarn exporters from Pakistan, India and Vietnam are not only renegotiating the yarn contracts but some cancellations have also been reported especially for the Chinese market.
100% Cotton Carded Weaving Yarns
Ne 16/1 – USD 2.33/kg (2700 CSP)
Ne 21/1 – USD 2.43/kg (2650 CSP)
Ne 32/1 – USD 2.67/kg (2550 CSP)
FABRIC MARKET REPORT:
Sluggishness prevailed in the fabric market due to higher prices asked by the fabric manufacurer.
Cotton Index Closing
NYCF – CLOSED
Dec 71.04 + 0.02
Mar 71.73 + 0.03
May 72.34 + 0.05
July 72.81 + 0.03
KCA : 10100 + 200
Index-A : 76.80 + 1.40
Brazil : 67 .47 + 1.24
Shankar -6 : 39500 + 0
CHINA: CC: 13729 + 06 – FUT : 14445 – 95