New Zealand Wool Services International Limited’s Marketing Executive, Mr Paul Steel reports that a stronger New Zealand dollar and continuing sluggish demand saw the market generally ease further apart from some targeted types. Of the 11,100 bales on offer at the North and South Island sales, 89 percent sold. There were some considerable price variations for comparable types between the two selling centres with the poorer style North Island wools coming down the most. Compared to the last

Even as India’s cotton production is forecast to be on the higher side this year, arrivals of the crop have remained 30-35 per cent lower compared to a year ago. This is because farmers are unwilling to sell at the prevailing price levels. Against the daily arrival of 210,000-225,000 bales (each of 170 kg) last year same month, this time it was 160,000-170,000. In Gujarat, the largest cotton-producing state, those were 55,000-60,000 bales, against 85,000-90,000 a year ago. “Delay in season

Textile Raw Material Price 2013-12-04 Item Price Unit Fluctuation Date Oil WTI 93.82 USD/Barrel 1.1 2013-12-04 PX 1418 USD/Ton -4 2013-12-04 PTA Buy 7340 RMB/Ton 20 2013-12-04 PTA Sell 988 USD/Ton 3 2013-12-04 MEG Buy 7620 RMB/Ton 80 2013-12-04 MEG Sell 1055 USD/Ton 15 2013-12-04 CPL Buy 17100 RMB/Ton 0 2013-12-04 CPL Sell 2300 USD/Ton

The International Cotton Advisory Committee (ICAC) has said that China’s reserves and import policies weigh heavily on international prices. So far in 2013-14, China has bought more than 2.7 million tons and its total cotton reserves have passed 10.1 million tons, a statement said. In April, the secretariat’s projected price for the current season was 118 cents per pound. Since then, ICAC’s projected price has plummeted, and the current midpoint of the forecast range is 88, it said. It als

Top 10 Categories in Rising Top 10 Categories in Falling 1. Thread & Rope 0.97% 1.Nylon Fabric -1.76% 2.Lace 0.66% 2.Curtain -0.66% 3.Belt 0.57% 3.RW Fabric -0.54% 4.Lining 0.49% 4.TW Fabric -0.42% 5.TC Fabric 0.42% 5.TN Fabric -0.40% 6.Window Screen 0.34% 6.Fashion Fabric -0.37% 7.Polyester Fabric 0.29% 7.Bedding -0.34% 8.Blended 0.23% 8.TS Fabric -0.33% 9.Household Text

Textile Raw Material Price 2013-12-03 Item Price Unit Fluctuation Date Oil WTI 92.72 USD/Barrel 0.42 2013-12-03 PX 1422 USD/Ton 5 2013-12-03 PTA Buy 7320 RMB/Ton 40 2013-12-03 PTA Sell 985 USD/Ton 5 2013-12-03 MEG Buy 7540 RMB/Ton 100 2013-12-03 MEG Sell 1040 USD/Ton 15 2013-12-03 CPL Buy 17100 RMB/Ton 0 2013-12-03 CPL Sell 2300 USD/Ton

Cotton futures fell on Monday, pressured by a stronger U.S. dollar and demand concerns after top consumer China began selling last week from its behemoth state reserves. The benchmark March cotton contract on ICE Futures U.S. closed down 0.73 cent, or 0.9 percent, at 78.62 cents a lb. The Thomson Reuters/Core Commodity CRB index was down on the day. The U.S. dollar index strengthened, pressuring dollar-traded commodities as it makes them more expensive to holders of other currencies. He

Australian wool auctions seem to have now broken the oscillating trend of the past year, with another week of strong progressive gains. Wool prices have seemingly settled into more economically charted patterns, with supply, demand and currency movements being the main ingredients for the more predictable market direction. A major factor for this change is surely the stronger competition to China buyers in the sale rooms from other buying destinations such as India, Italy, and other Europe

Textile Raw Material Price 2013-12-02 Item Price Unit Fluctuation Date Oil WTI 92.3 USD/Barrel 0 2013-12-02 PX 1417 USD/Ton 0 2013-12-02 PTA Buy 7280 RMB/Ton 50 2013-12-02 PTA Sell 980 USD/Ton 0 2013-12-02 MEG Buy 7440 RMB/Ton -60 2013-12-02 MEG Sell 1025 USD/Ton -5 2013-12-02 CPL Buy 17100 RMB/Ton 0 2013-12-02 CPL Sell 2300 USD/Ton

The market has been flat-lined in November, with the March contract closing the last 20 sessions in an extremely tight range of less than 200 points, between 77.23 and 79.19 cents/lb. One of the reasons for this anemic market is that speculators have left the cotton market in great numbers, either by exiting altogether or by cutting back their exposure. Looking at the latest CFTC report as of November 19, we notice that total open interest for futures and options combined amounted to just