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ICE cotton futures experienced their largest single-session loss in more than a month on Thursday as a weak export sales report reinforced demand concerns and traders said recent rains in Texas were likely not as damaging to crops as some had feared. US upland cotton export sales for the 2015/16 crop year totalled 96,900 bales last week, with the bulk being sold to Mexico and none to top consumer China, where recent policy changes have limited imports.
"The exports were anemic," said Jobe Mo
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Textile Raw Material Price 2015-10-22
Item
Price
Unit
Fluctuation
Date
Crude Oil WTI
45.2
USD/Barrel
-2.35%
2015-10-22
Crude Oil Brent
797
USD/Barrel
-0.5%
2015-10-22
PX
47.85
USD/Ton
-1.77%
2015-10-22
PTA Buy
4550
RMB/Ton
0%
2015-10-22
PTA Sell
590
USD/Ton
0%
2015-10-22
MEG Buy
5060
RMB/Ton
0%
2015-10-22
MEG Sell
650
USD/Ton
0%
2015-10-22
CPL Buy
11000
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ICE cotton futures gained on Tuesday as forecasts of rain in Texas stoked worries over crop damage in the United States, the world's largest exporter, at a key stage of development. Rains were forecast for Wednesday and Thursday in major growing regions in Texas, the country's top producing state. The wet weather could hit at a time when the vast majority of the crop's bolls are open, leaving the plants highly susceptible to damage, traders said.
That lifted prices even as worries linger ove
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Textile Raw Material Price 2015-10-21
Item
Price
Unit
Fluctuation
Date
Crude Oil WTI
46.29
USD/Barrel
0.87%
2015-10-21
Crude Oil Brent
48.71
USD/Barrel
0.21%
2015-10-21
PX
801
USD/Ton
-1.48%
2015-10-21
PTA Buy
4550
RMB/Ton
0%
2015-10-21
PTA Sell
590
USD/Ton
0%
2015-10-21
MEG Buy
5090
RMB/Ton
0%
2015-10-21
MEG Sell
650
USD/Ton
0%
2015-10-21
CPL Buy
11100
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ICE cotton futures fell the most in nearly a month on Monday alongside a broad-based commodities sell-off and technical pressure after prices failed to surpass key resistance. The bellwether Thomson Reuters CoreCommodity CRB Index hit a two-week low. Both millers and farmers remained on the sidelines, as investors liquidated long positions after prices met key resistance for a second straight session, sending the front-month to its biggest daily loss since September 22.
Speculators built up
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Textile Raw Material Price 2015-10-20
Item
Price
Unit
Fluctuation
Date
Crude Oil WTI
45.89
USD/Barrel
0%
2015-10-20
Crude Oil Brent
48.61
USD/Barrel
0%
2015-10-20
PX
813
USD/Ton
0%
2015-10-20
PTA Buy
4550
RMB/Ton
0%
2015-10-20
PTA Sell
590
USD/Ton
0%
2015-10-20
MEG Buy
5130
RMB/Ton
0%
2015-10-20
MEG Sell
655
USD/Ton
0%
2015-10-20
CPL Buy
11100
RMB/Ton
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Textile Raw Material Price 2015-10-19
Item
Price
Unit
Fluctuation
Date
Crude Oil WTI
47.26
USD/Barrel
1.33%
2015-10-19
Crude Oil Brent
50.46
USD/Barrel
2.67%
2015-10-19
PX
812
USD/Ton
-1.1%
2015-10-19
PTA Buy
4600
RMB/Ton
0%
2015-10-19
PTA Sell
590
USD/Ton
0%
2015-10-19
MEG Buy
5130
RMB/Ton
-1.16%
2015-10-19
MEG Sell
655
USD/Ton
-2.24%
2015-10-19
CPL Buy
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ICE cotton futures rose on Friday, helping the fiber close out its biggest weekly gain in two months, as producers and merchants hesitated to make forward sales of high-grade cotton as uncertainty lingered about crop quality. Demand for high-grade cotton remains high, but questions over the timing of the El Nino phenomenon left open the possibility that rains could harm crop quality, as the bulk of the crop is not yet harvested, said Ron Lawson, a partner at commodity investment firm Logic Advis
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Textile Raw Material Price 2015-10-18
Item
Price
Unit
Fluctuation
Date
Crude Oil WTI
46.64
USD/Barrel
-0.04%
2015-10-18
Crude Oil Brent
821
USD/Barrel
-0.85%
2015-10-18
PX
49.15
USD/Ton
-0.18%
2015-10-18
PTA Buy
4600
RMB/Ton
0%
2015-10-18
PTA Sell
590
USD/Ton
0%
2015-10-18
MEG Buy
5190
RMB/Ton
-1.33%
2015-10-18
MEG Sell
670
USD/Ton
-1.47%
2015-10-18
CPL Buy
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ICE cotton futures fell for the second straight session on Thursday as US producers took advantage of prices near 1-month highs to lock in sales as the harvest picked up in the world's top exporter. Prices surged earlier in the week on concerns about rain damage to South Carolina's crop and a delayed reaction to a reduction in the US government's output projection, but traders noted that overseas demand remained limited and producers still had a significant amount of fibre to sell.
"Now we'r