International Cotton Position 05-October-2020

Cotton Index Closing

NYCE CLOSED
Dec 66.03+0.21
Mar 66.92+0.29
May 67.58+0.31
July 68.08+0.24
TOTAL VOL 33198-LOTS
KCA:9150+100
Index-A:71.30+0.00
Brazil:57.76+0.55
INDIA:18340+100
S-6:37200+400

Pakistan Cotton Sales Report

PUNJAB
D.G.KHAN 400 bls 9900-Balochi
Haroon – abad 2600 bls 9300-9450 – 9500 – 9550
Chishtian 200 – bls – 9500
Dunga Bunga 200 – bls – 9500
Mian – wali 600 – bls – 9150 – 9175 – 9500
Unch – Sharif 200 – bls – 9500
Marrot 400 – bls – 9450
Faqir – Wali 2000 – bls – 9350 – 9400 – 9500
Fort – Abbas 1000 – bls – 9350 – 9400 – 9500
Bahawal – pur 400 – Bls – 9450
Yazman 2000 – bls – 9350 – 9400
Hasil – pur 200 – bls – 9300
Chicha – watni 200 – bls – 9225
Mian – Chanu 200 – bls – 9200
Tounsa 400 – Bls – 9200
Layyah 400 – bls – 9200
Moongi-Bangla 200 – bls – 8850

SINDH
Salah – Pat 400 – bls – 9100 – BCI
Khair- Pur 600 – bls – 9100 – BCI
Mehrab- Pur 1400 – bls – 8900 – 9100 – BCI
Karondi 400 – bls – 9100 – BCI
Salah-Pat 1200 – bls – 9000 – BCI
Pir- Wasan -Akri 400 – bls – 8950
Hyder Shah 400 – bls – 8950
Kumb 1000 – bls – 8900 – BCI
Rani Pur 1000 – bls – 8900 – BCI
Sui- Gas 1000 – bls – 8900 – BCI
Rasool abad 1000 – bls – 8900 – BCI
Shadad pur 400 – bls – 8350 – 8400
Tando-Adam 600 – bls – 8300 – 8400

BALOCHISTAN
Uthal 200bls8850

Indian Cotton Prices

Indian Cotton Rates/356kg
Shankar’6:37200+400
Bunny:37500+300
MECH-1:36600+400
MCU-5:37900+400
J-34:36000+00
Y-1:30800+00
H-4:36300+400
V-797:23300+300
NHH-44:29100+300
LRA-5166:29900+400
DCH-32:38200+400
Jayadhar:25300+300
B/Deshi(RG):35600+00
B/Deshi(SG):36300+00

International Cotton Position 01-October-2020

USA export sales report

U.S. EXPORT SALES
For Weekending 24-Sep-2020

Net Upland Sales 2020-21
Net sales of 233,800 RB for 2020/2021 were up noticeably from the previous week and up 7 percent from the prior 4-week average.

Increase
Turkey 62,500 RB
China 55,700 RB
Vietnam 41,100 RB
Mexico 24,300 RB
Indonesia 13,400 RB

Net Upland Sales 2021-22
For 2021/2022, net sales of 20,600 RB were for Mexico 16,300 RB and Indonesia 4,300 RB

Upland Shipment
Exports of 218,200 RB were down 23 percent from the previous week and 10 percent from the prior 4-week average. Exports were primarily to
China 105,400 RB
Vietnam 49,400 RB
Indonesia 14,700 RB
Mexico 14,300 RB
Pakistan 8,800 RB

Net Pima Sales 2020-21
Net sales of Pima totaling 19,500 RB were up 5 percent from the previous week, but down 4 percent from the prior 4-week average.

Increase
India 7,700 RB
China 3,900 RB
Bangladesh 2,200 RB
Peru 2,200 RB
Hong Kong 1,500 RB

Pima Shipment
Exports of 10,800 RB were down 17% from the previous week and 18% from the 4-week Avg. The primary destinations were
India 3,600 RB
China 3,200 RB
El Salvador 1,800 RB
Pakistan 900 RB
Turkey 700 RB

Cotton Index Closing

NYCE COTOTN CLOSED
Dec65.91+0.12
Mar66.70+0.16
May67.37+0.10
July67.96+0.04
KCA:8950+0
Index-A:70.80-0.35
Brazil:57.25+0.15
INDIA:18250+40
S-6:36800+0
CC Index:12891+30

Pakistan Cotton Sales Report

PUNJAB
Harunabad 1600bls9200/9275/9300
FaqirWali 1000bls9200/9250
Donga-Bungha 400bls9200/9250
FortAbbas 1200bls9200/9250
Yazman 400bls9200
RahimYarKhan 200bls9200
BahwalNaghar 200bls9200
Marrot 200bls9200
KhairPurTamiWali 200bls9150
Gazi Ghate 200bls9100
Burewala 200bls9100
ChiChaWatni 1000bls8850/8900/9000
layyah 600bls8900
Sahewal 200bls8800
SINDH
KhairPur 600bls8850/8950
NawabShah 600bls8500/8550
Bandhi 400bls8500
Hyderabad 400bls8200/8225
Sanghar 600bls8175/8200
TandoAdam 800bls8175/8200

International Cotton Position 28-September-2020

Cotton Index Closing

28/09/2020
NY Cotton CLOSE
Dec:65.69-0.26
Mar:66.38-0.28
May:67.09-0.26
Jul:67.73-0.27

KCA:8900+50
A-Index:70.75+0.15
CC Index:12851+03
Shankar6:36800-00
Gold:111300-100

Pakistan Cotton Sales Report

PUNJAB
7800BLS 8850-9265
FaqirWali 1000bls9240-9250-9265
Harunabad 1600bls9200/9240/9250
Shujabad 200bls9250
Bahawal-Naghar 400bls9150/9200
Fortabbas 1000bls9200
Burewala 400bls9200
M/P/Dewan 200bls9200
Sadiqabad 400bls9200
MianChanu 600bls9100/9200
RahimYarKhan 800bls9000/9200
Khanewal 200bls9100
Yazman 400bls9075
Layyah 600bls8850
SINDH
7600BLS 8150-9150
SalahPat 1000bls8850/9000/9150-BCI
Akri 400bls9100-BCI
MehrabPur 600bls8950/9000
Kadniro 200bls8900
Rohri 1000bls8850
Tharo-Shah 200bls8800
Sanghar 800bls8125/8150/8300
ShahPurChakar+Khadro 400bls8300
TandoAdam 2200bls8150/8175/8200/8300
Shadadpur 800bls8150

International Cotton Position 24-Sep-2020

USA Weekly Cotton Sales Report

For Weekending 17-Sep-2020

Net Upland Sales 2020-21
Net sales of 92,700 RB for 2020/2021 were down 82 percent from the previous week and 60 percent from the prior 4-week average.

Increase
Vietnam 53,500 RB
China 39,500 RB
Indonesia 26,200 RB
Hong Kong 13,200 RB
Pakistan 8,900 RB

Reductions
Mexico 49,200 RB

Net Upland Sales 2021-22
For 2021/2022, total net sales of 50,600 RB were for Mexico.

Upland Shipment
Exports of 281,900 RB were up 50 percent from the previous week and 16 percent from the prior 4-week average. Exports were primarily to
China 117,700 RB
Vietnam 62,100 RB
Indonesia 22,400 RB
Turkey 15,300 RB
Bangladesh 14,600 RB

Net Pima Sales 2020-21
Net sales of Pima totaling 18,500 RB were down 34 percent from the previous week and 2 percent from the prior 4-week average.

Increase
India 8,000 RB
China 5,700 RB
Pakistan 2,800 RB
Hong Kong 900 RB
Bangladesh 400 RB

Reductions
Brazil 100 RB

Pima Shipment
Exports of 12,900 RB were down 22 % from the last week while 4% Up from the previous 4-week Avg. The primary destinations were
India 6,300 RB
Peru 1,400 RB
Pakistan 1,400 RB
El Salvador 1,100 RB
Austria 1,000 RB

Cotton Index Closing

NYC-CLOSED
Dec65.46+0.21
Mar66.25+0.11
May66.99+0.06
July67.63-0.01
TOTAL VOL 18846-LOTS
&
KCA:8800
&
Index-A:70.85+0.15
Brazil:55.54-0.97
INDIA:18060+50 & S-6:36800+100
CHINA:12440-95 & CC:12871+0

Pakistan Cotton Sales Report

PUNJAB
D.G.Khan > 400 bls 9500 – BALOCHI
RahimYarKhan > 1000 bls 9100
Harunabad > 600 bls 9075 / 9100
Marrot > 400 bls 9100
B/Naghar > 200 bls 9100
Chishtian > 200 bls 9100
F/Abbas > 1000 bls 9000 / 9050
F/Wali > 400 bls 9000 / 9050
A/P/ East > 200 bls 9000
Burewala > 400 bls 9000
M.Wali > 200 bls 9000
Gojra > 400 bls 8900 / 9000
Layyah > 200 bls 8850
CCW > 600 bls 8850 / 8900
KWL > 400 bls 8900
M/ Chanu > 600 bls 8850 / 8900
Vehari > 600 bls 8600
&
SINDH
SalahPat > 600 bls 8800 / 8900
Mehrabpur > 1200 bls 8750 / 8800
Kandiaro > 200 bls 8750
R/bab > 400 bls 8750
Moro > 200 bls 8700
Bandhi > 400 bls 8450
Tdm > 1000 bls 8175 / 8300
Sdp > 600 bls 8175
Hyderabad > 400 bls 8175
Sanghar > 400 bls 8150

Indian Cotton Prices

Indian Cotton Rates/356kg:
Shankar’6 : 36600
Bunny : 36900
MECH-1 : 36100
MCU-5 : 37400
J-34 : 35800
Y-1 : 30600
H-4 : 35800
V-797 : 22800
NHH-44 : 28500
LRA-5166 : 29300
DCH-32 : 37700
Jayadhar : 24900
B/Deshi(RG) : 35600
B/Deshi(SG) : 36300

International Cotton Position 22-09-2020

it wan another day for stable trend in cotton prices around the globe. Prices in all the leading cotton producing countries maintained the stable position with minor changes according to the demand and supply position. New York cotton futures also moved around the same range with little upward closing at the end of the day. Pakistan, India and china cotton market remained unchanged.

Cotton Index Closing

NYC-CLOSED
Dec 65.54 + 0.30
Mar 66.47 + 0.23
May 67.28 + 0.20
July 67.98 + 0.21
TOTAL VOL 13882-LOTS
KCA : 8750 + 50
Index-A : 70.95 – 0.20
Brazil : 57.49 + 0.09
INDIA : 18100 + 210 & S-6 : 36600
CHINA : 12555 -15 & CC : 12848 + 42

Pakistan Cotton Sales Report

PUNJAB
Chishtian 400bls8825/9000
FaqirWali 200bls9000
Harunabad 2200bls8950/9000
BahawalNaghar 200bls9000
FortAbbas 400bls9000
Mian-Chanu 200bls8950
Burewala 400bls8900
Yazman 600Bls8900
ChiChaWatni 200bls8875
Bahawalpur 200Bls8850
KotAdou 200bls8850
KhairPurTaniWali 200bls8800

Hasilpur 400Bls8825

SINDH
SalahPat 600bls8800/8850-BCI
TandiAdam> 400bls8200/8250/8260/8275/8300-AQ
Shadadpur 600bls8250/8300
Sanghar 800bls8150/8200

Indian Cotton Prices

Indian Cotton Rates/356kg
Shankar’6 : 36500 – 0
Bunny : 36800 + 0
MECH-1 : 35900 + 0
MCU-5 : 37300 + 0
J-34 : 35300 + 0
Y-1 : 30500 + 0
H-4 : 35600 + 0
V-797 : 22500 + 0
NHH-44 : 28200 + 0
LRA-5166 : 29200 + 0
DCH-32 : 37600 + 0
Jayadhar : 24700 + 0
B/Deshi(RG) : 35600 + 0
B/Deshi(SG) : 36300 + 0

International Cotton Prices 21-09-2020

Mixed sentiment was seen for the cotton prices in the international market. Although no major change was seen in prices any where around the globe but few origins showed minor changes in Prices. New York Cotton future market at the start of the day was seen at firm position but later at the mid day recorded some drop and in the end closed in negative. NYCF is facing strong resistance above the 66.25 level and finding some support below 64.75. This narrow range is some how encouraging the view of those people who are not expecting any major change in cotton prices during the near future.

Other major market India also remained firm and stable and closed with minor increase in Prices at MCX bar. Pakistan Cotton market was also showing firm posture and significant increase was notices in prices. Mostly ginning sector in Pakistan was busy in PCGA (Pakistan cotton ginners Association) Elections. Therefore volume of business was as per the expectation. Chinese Index ZCE also closed positive and market sentiment remained firm and upward. Other leading cotton growing position remained stable with nominal changes in prices. After the arrival of new crop in Egypt some leading shippers of Egyptian cotton showed little softness in their asking for lying stock to 2019/20 crop as they want to dispose off their stocks before the bulk arrival of new crop. Brazil Cotton index also showed some downward trend due to carrying stocks.

Unlike the cotton market yarn and fabric prices in the leading Asian markets were firm and higher due to increasing demand after the COVID-19 from leading yarn buying countries especially from china. Good volume of yarn business was finalized at higher prices and now spinning mills after having covered some future sales are now increasing their asking price further. Value added sector has also got some good orders from the leading brands with regular business activity.

Cotton Index Closings

NYC-CLOSED
Dec 65.24 – 0.42
Mar 66.24 – 0.34
May 67.08 – 0.27
July 67.77 – 0.24
TOTAL VOL 17532-LOTS
&
KCA : 8700
DCMR APPROX 7800 – bls 8425 = 9500 + BALOCHI + BCI + AQ
&
Index – A : 71.15 – 0.50
Brazil : 57.40 – 1.28
INDIA : 17940 + 60 & S-6 : 36500 – 00
CHINA:12570+105 & CC:12803+30

Pakistan Cotton Sales Report

PUNJAB
D.G.Khan > 400 bls 9500 – BALOCHI
Burewala > 1000 bls 9050 – AQ
Rajan-Pur > 400 bls 9000
Harunabad > 1200 bls 8900 / 8950 / 9000
FortAbbas > 400 bls 9000
FaqirWali > 200 bls 9000
HasilPur > 200 bls 8950
Sadiqabad > 200 bls 8900
KhairPurTaniWala > 200 bls 8900
A/P/East > 400 bls 8850
RahimYarKhan > 400 bls 8600 – OLD

SINDH
SalahPat > 400 bls 8800 – BCI
Ranipur > 200 bls 8700 – BCI
MehrabPur > 1200 bls 8700 – BCI
Sui Gas > 200 bls 8700 – BCI
Rasoolabad > 200 bls 8700
Moro > 200 bls 8600
Bandhi > 200 bls 8425
Dour > 200 bls 8425

BALOCHISTAN
Lasbaila > 1000 bls 8550 / 8625

Indian Cotton Prices

Indian Cotton Rates/356kg
Shankar’6 : 36500 – 0
Bunny : 36800 + 0
MECH-1 : 35900 + 0
MCU-5 : 37300 + 0
J-34 : 35300 + 0
Y-1 : 30500 + 0
H-4 : 35600 + 0
V-797 : 22500 + 0
NHH-44 : 28200 + 0
LRA-5166 : 29200 + 0
DCH-32 : 37600 + 0
Jayadhar : 24700 + 0
B/Deshi(RG) : 35600 + 0
B/Deshi(SG) : 36300 + 0

International Cotton Prices 18-09-2020

Cotton prices at the global front remained stable with little bearish sentiment. It was expected after the latest USDA demand and supply report as no major change has been projected in global cotton production and consumption.

Pakistan Cotton Prices also remained firm and stable especially for the medium grade specification. while for the fine quality cotton prices remained firm as ginners were not ready to sell good quality cotton at lower level. Imported cotton parity was encouraging the ginners to remain firm as devaluation of Pak rupee against dollar has made it nearly difficult for spinner to use any other option and they are bound to return to buying from local market. PCGA (Pakistan Cotton Ginners Association) has also issued its first report for the cotton season 20/21, which is also threatening and showing huge difference in total arrival figures as compare to the last year same period report. PCGA report is also given below for better Understanding.

Data of PAKISTAN COTTON as on 18-09-2020

Arrival This year 10,35,194
Arrival Last year 18,52,409
—————-
Diffrence – 817,215

Export Cotton 10,800
*L.year Export * 30,725
—————
*Diffrence * – 19,925

Textile Cotton 821,640
L.Year Textile 15,53,612
—————-
Diffrence – 731,972

This year Stock 202,754
Last year stock 268,072
—————-
Diffrence – 65,318

Press 53,878
L.Year 85,381
—————
Diffrence – 31,503

Phutti 148,876
L.Year 182,691
—————-
Diffrence – 33,815

T.Y 14 night flow 268,072
L.Y 14 night flow 496,699 —————
Diffrence – 228,627

Factories in operation 283
Last year in operation 403
———–
Diffrence – 120

Cotton prices in India and China also remained stable to little soft following the ICE futures as New York Cotton Futures closed with minor down trend. December future closed with -21 points indicating some stability at international front.

Therefore cotton yarn prices in Indian, China, Pakistan, Vietnam and India also remained unchanged with minor changes in few yarn counts due to demand and supply factor. Weaving mills are also under pressure due to lesser sales. Although mills are asking higher prices for fabrics but on receipt of any firm bid they are ready to negotiate and want to grab the fabric orders to run their production flow.

Cotton Index Closings

NYC-CLOSED
Dec65.66-0.19
Mar66.58-0.21
May67.35-0.20
July68.01-0.17
TOTAL VOL 16672-LOTS
KCA:8700+00
Index-A:71.65-0.00
Brazil:58.68-0.36
INDIA:17880-100 & S-6:36000-00
CHINA:12465-30 & CC:12803+30

Pakistan Cotton Sales Report

PUNJAB
D.G.Khan > 200 bls 9400 – BALOCHI
RajanPur > 200 bls 9000
Faqeerwali > 200 Bls 8950
Haroonabad > 1200 Bls 8950 / 9000
FortAbbas > 400 bls 8950
ChiChaWatni > 500 bls 8600 / 8900 – AQ
Ghaziabad > 200 bls 8900
Jahania > 200 bls 8900
KasoWal > 100 bls 8900
Khanewal > 600 bls 8900
Shadan-Lund > 400 Bls 8900
Chistian > 400 bls 8850 / 8900
MianChanu > 200 bls 8775 + 200 bls 8800
Vehari > 800 bls 8600
Ghar-Mahraja > 200 bls 8525
Hasilpur > 200 bls 8500
Layyah > 400 bls 8500
&
SINDH
RaniPur > 600 bls 8500 – BCI
Sarari > 200 Bls 8300
Shahdadpur > 800 Bls 8200 / 8225 / 8300
Tando-Adam > 1600 bls 8200 / 8250 / 8300
Maqsoodo > 200 Bls 8250

Indian Cotton Prices

Indian Cotton Rates/356kg
Shankar’6 : 36500 -100
Bunny : 36800 + 0
MECH-1 : 35900 + 0
MCU-5 : 37300 + 0
J-34 : 35300 + 0
Y-1 : 30500 + 0
H-4 : 35600 + 0
V-797 : 22500 + 0
NHH-44 : 28200 + 0
LRA-5166 : 29200 + 0
DCH-32 : 37600 + 0
Jayadhar : 24700 + 0
B/Deshi(RG) : 35600 + 0
B/Deshi(SG) : 36300 + 0

International Cotton Position 17-09-2020

China Cotton market remained stable with minor increase.
Indian Cotton market also remained stable with little downward trend.
New York Cotton market was a bit soft and closed in negative.
Only Pakistan cotton market was firm and ginners were not willing to decrease the price of fine quality fiber. On the other hand spinners were also seen showing some resistance and were not accepting any increase but at the same time they also realize that imported cotton options are also not workable for them and they have to rely on local cotton purchase. Therefore some deals of fine quality cotton were also made at bit higher prices.
Cotton Prices from the other leading cotton producing countries also remained stable with minor changes.

Global cotton Closings.

NYC-CLOSED
Dec65.85-0.52
Mar66.79-0.39
May67.55-0.25
July68.18-0.16
TOTAL VOL 19112-LOTS
KCA:8700+100
Index-A:71.65-0.45
Brazil:59.04+0.42
INDIA:18000-30 & S-6:36000-00
CHINA:12495+10 & CC:12773+15

Pakistan Cotton Sales Report

PUNJAB
D.G.Khan > 200 bls 9500 – BALOCHI
RajanPur > 400 bls 8700 / 9000
Maroot > 200 bls 8950
Harunabad > 1200 bls 8900 / 8950
M/P/Dewan > 200 bls 8900
Chichawatni > 400 bls 8500 / 8850
D.G.Khan > 800 bls 8850
Vehari > 600 bls 8500 / 8600
Layyah > 600 bls 8450 / 8500
Mian Chanu > 200 bls 8500
SINDH
Rasoolabad, Rohri, SalahPat, Kumb, RaniPur, MehrabPur > 5600 bls 8500 / 8600 – BCI
NawabShah > 400 bls 8350 / 8400
TandoAdam > 1200 bls 8250 / 8350 / 8400

Indian Cotton Prices

Indian Cotton Rates INR / 356kg
Shankar’6: 36600
Bunny: 36800
MECH-1 : 35900
MCU-5 : 37300
J-34: 35300
Y-1: 30500
H-4: 35600
V-797: 22500
NHH-44 : 28200
LRA-5166 : 29200
DCH-32 : 37600
Jayadhar : 24700
B/Deshi(RG) : 35600
B/Deshi(SG): 36300

For other origin Cotton Prices please click here

International Cotton Position 16-09-2020

NYC-CLOSED
Dec66.37-0.07
Mar67.18-0.06
May67.80-0.04
July68.34-0.04
TOTAL VOLUME 13255-LOTS
&
KCA:8600+50
Index-A:72.10+1.60
Brazil:58.62-0.12
INDIA:FUT:18050+70 & Shan-6:36600
CHINA:12485+00 & CC:12758+76

Pakistan Cotton Sales Report

A tug of war continued between the spinners and ginners. Although supply position of cotton is getting better day by day but ginners are still insisting on higher prices looking at the imported cotton parity as imported cotton options for fine quality cotton are at higher side. US recaps with lower prices or with December off are also rarely available.

PUNJAB
Sadiqabad : 600 bls 8850 / 9000 + Condi.
Tonsa Sharif : 200 bls 9000
Harunabad : 400 bls 8900
ChiChaWatni : 400 bls 8850
FaqirWali : 200 bls 8850
FortAbbas : 200 bls 8800

SINDH
TandoAdam : 1400 bls 8250 / 8300 / 8400
NawabShah : 200 bls 8350
Snaghar : 600 bls 8150 / 8250

Indian Cotton Prices

Indian Cotton Rates INR / 356kg
Shankar’6: 36600
Bunny: 36800
MECH-1 : 35900
MCU-5 : 37300
J-34: 35300
Y-1: 30500
H-4: 35600
V-797: 22500
NHH-44 : 28200
LRA-5166 : 29200
DCH-32 : 37600
Jayadhar : 24700
B/Deshi(RG) : 35600
B/Deshi(SG): 36300

International Cotton Position 15-09-2020

NYC – CLOSED
Dec 66.44 – 0.18
Mar 67.24 – 0.22
May 67.84 – 0.33
July 68.38 – 0.42
&
KCA : 8600 + 50
TODAY DCMR APPROX 10300-bls 8000=8900 AQ
&
Index-A : 70.50 + 0.00
Brazil : 58.74 + 0.67
INDIA : FUT : 18020 + 100 & Shan-6 : 36600 + 100
CHINA: 12485 + 155 &
CC : 12682 + 33

Pakistan Cotton Sales Report

PUNJAB
Harunabad > 1200 Bls 8750 / 8850 / 8900
D.G.Khan > 200 Bls 8850
Dharan-Wala > 400 bls 8850
FaqirWali > 600 bls 8800 / 8850
Burewala > 900 bls 8650 / 8800 / 8850
ChiChaWatni > 1400 bls 8750 / 8800
Khhair-Pur-Tamiwali > 200 bls 8700
MianChanu > 400 bls 8700
FortAbbas > 400 bls 8700
AliPur > 200 bls 8625
Peer-Mahal > 800 bls 8000 – AQ
&
SINDH
SalahPat > 200 bls 8500
Karondi > 200 bls 8500
Jam-Sahab > 200 bls 8300
TandoAdam > 1200 bls 8150 / 8200
Kotri > 400 bls 8125
Sanghar > 400 bls 8075
Hyderabad > 1000 bls 8050

Indian Cotton Prices

Indian Cotton Rates INR / 356kg
Shankar’6: 36600 +100
Bunny: 36800 + 100
MECH-1 : 35900 + 100
MCU-5 : 37300 + 100
J-34: 35300 + 200
Y-1: 30500 + 100
H-4: 35600 + 100
V-797: 22500 – 300
NHH-44 : 28200 + 100
LRA-5166 : 29200 + 100
DCH-32 : 37600 + 100
Jayadhar : 24700 + 100
B/Deshi(RG) : 35600 – 200
B/Deshi(SG): 36300 – 200

International Cotton Position 14-09-2020

New York Cotton Future

ICE cotton futures surprised the textile chain with unpredictable move when mostly people were expecting some stable or downward trend with 7.0 million bales carryout. The main reason behind this dramatic move is said to be the Tropical Storm Sally heading towards the New Orleans area pushing into the cotton fields of the U.S. Delta.
But still a lot of people like me still believe that it could be a artificial move and market may see some correction in days to come and at the end of this week will be a minor change with week closing. According to USDA 20/21 forecast cumulative sales have reached 51% with the five year average of 45%.
After looking at the chart directions with demand and supply situation we think that market can face difficulty going below 63.50 and upper level around 67.00. Market will remain between these limits are range bounds.

Pakistan Cotton Sales Report

Bullish trend was observed in Pakistan Cotton.
Punjab Cotton Price range in Pakistan Rupees between. 8000 to 8900 per 37.324 Kgs.
Sindh cotton deals were at lower rate between the range of Rupees. 8000 to 8250 per 37.324 kgs.

PUNJAB
Harunabad 1200 8,700 / 8,800 / 8,850 / 8,900
ChiChWatni 400 Bales 8,800 / 8,850
KabeerWala 200 Bales 8,700
Maroot 200 Bales 8,700
Burewala 600 Bales 8,550 / 8,650
Jhang 100 Bales 8,575
Vehari 1000 Bales 8,000 / 8,650 – AQ
HasilPur 200 Bales 8,000 – AQ


SINDH
TandoAdam 8600 bls 8,000 / 8,050 / 8,100 / 8,200
Sanghar 1200 bls 8,025 / 8,050 / 8,250
Moro 600 bls 8,250
NawabShah 2400 bls 8,200
Ghopchani 200 bls 8,200
Shadadpur 700 bls 8,000 / 8,100

Indian Cotton Prices

Indian cotton prices were seen increasing at the start of current week.
Shankar-6 : 36500 + 200
Bunny : 36500 + 100
MECH-1 : 35600
MCU-5 : 37100
J-34 : 35100 + 100
Y-1 : 30400 + 00
H-4 : 35400 + 100
V-797 : 22600
NHH-44 : 28000 – 00
LRA-5166 : 29000 – 00
DCH-32: 37500 + 100
Jayadhar : 24500 + 00
B/Deshi(RG) : 35700+00
B/Deshi(SG) : 36400+00

Cotton Index

KCA:8550-00
A-Index:70.50+0.60
CC Index:12649+23
Shankar6:36400