USA Cotton prices remained firm and stable with minor increase.
INDIAN COTTON MARKET:
No change in Indian Cotton. Indian Cotton Shankar-6 offers for the main far eastern ports remained between the range of USC 79 TO 80 Cents per Lbs.
China cotton prices continued its upward march.
After having historical lower crop figures Pakistan cotton prices remained firm and expected to rise further due to shortage of fine quality cotton and lower crop. Pakistan local cotton trading was made at the level of Rs. 10,400 per 37.324 Kgs.
RahimYarKhan: 1200 Bales 10300 / 10350 / 10400 -Condi,
KhanPur: 400 Bales 10300 / 10350 -Condi,
LaiqatPur: 400 Bales 10000 / 10300-Condi,
SadiqAbad: 400 Bales 10200
Jalal-Pur: 400 Bales 9900
Yazman: 1600 Bales 9700
Mir-Pur-Mathelo: 200 Bales 9900
Ghotki: 200 Bales 9925
Brazil cotton prices also maintained firm posture following the ICE futures.
CENTRAL ASIAN MARKETS:
Cotton Prices of CIS Origin were also firm.
African cotton prices for leading Asian ports remained firm and being offered with 800 to 1,000 points on ICE March-21.
Yarn prices in Indian, China, Pakistan, Vietnam and Indonesian markets are bullish and spinners are not ready to decrease their prices from their desired level. Huge increase in prices also observed during the last few weeks. Some spinners are even not ready to offer in expectation of further increase in prices during the upcoming days as raw material prices like Cotton, Viscose and polyester are regularly increasing. Shortage of global cotton production is creating problems for the whole textile chain.
100% Cotton Carded Weaving Yarns
Ne 16/1 – USD 2.63/kg (2700 CSP)
Ne 21/1 – USD 2.73/kg (2650 CSP)
100% Cotton Carded knitting Yarns
Ne 20/1 – USD2.70/kg