International Cotton Market Report as on December 18, 2015

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Last Night NYC Closing – 18-12-2015

Month Change Open High Low Settle In PKR Maund
MAR-16 0.70 62.99 63.93 62.95 63.69 5460.81
MAY-16 0.67 63.74 64.66 63.74 64.46 5526.83
JUL-16 0.65 64.48 65.23 64.41 65.09 5580.85
OCT-16 0.59 64.74 5550.84
DEC-16 0.37 64.58  65.15  64.55  64.96 5569.70
MAR-17 0.37 65.26 5595.43
cotton tech chart

Bullish Patterns

Recognized Bullish Chart PatternsDuring a downtrend, the Bullish Engulfing depicts an opening at a new low and closes at or above the previous candle’s open. This signifies that the downtrend has lost momentum and the bulls may be gaining strength. Factors increasing the pattern’s effectiveness are: 1) The first candlestick has a small real body and the second has a large real body. 2) Pattern appears after protracted or very fast move. 3) Heavy volume on second real body. 4) The second candlestick engulfs more than one real body.

Bearish Patterns

Recognized Bearish Chart PatternsDuring an uptrend, the market builds strength on a long white candlestick and gaps up on the second candlestick. However, the second candlestick trades within a small range and closes at or near its open. This scenario generally shows erosion of confidence in the current trend. Confirmation of a trend reversal would be a lower open on the next candle.

World & Domestic Cotton Market

Current Price Prices on same Date Last Year
COTLOOK
Cotlook Index
(cents/lb)
‘A’ Index
69.65 69.35
USA
New York Cotton Market Contract No.2
(cents/lb)’Mar-2015 63.69 60.89
May-2016 64.46 61.35
(18-12-2015)
CHINA
China Cotton Index
Yuan/M . Ton
12,916 13,628
(21-12-2015)
INDIA
S6 29 MM 32700-33200 33200-33500
V797 – 22-23 mm 24100-26400 26500-27500
MCU5 31 mm 32800-33200 34000-34500
PAKISTAN
Karachi Cotton Association (Spot Rate) 5,385 4,900
Ex-Karachi
(18-12-2015)
5,771 5,251
Rs. per 40 kgs.
Rs. per maund
(Equivalent cents/lb.)
62.81 59.49

ICE COTTON SNAPS SIX DAYS OF DECLINES, ENDS WEEK LITTLE CHANGED

US Cotton Statistics

Total Futures Volume 17,565
Floor Call Options Volume 0
Floor Put Options Volumes 0
Total Options Volume 5,497
Grand Totel 23,062
Source: ICE Dated: 18-12-2015

NYC Closing For The Week #34

Days Price Open High Low Change %
16-Dec-15 63.22 63.28 63.28 63.12 -0.10%
15-Dec-15 63.28 63.35 63.98 63.04 -0.10%
14-Dec-15 63.35 63.85 63.91 62.99 -0.81%
11-Dec-15 63.86 63.78 63.86 63.44 0.15%
10-Dec-15 63.76 64.82 64.83 63.59 -1.67%
Source: ICE Dated: 16-12-2015

CZCE Cotton Contracts – 21-12-2015

Product Volume Open Interest
CF601 3,636 100,610
CF603 120 574
CF605 94,966 350,574
CF607 6 662
CF609 21,290 116,234
CF611 32 364
Source: CZCE

China CZCE Cotton – 21-12-2015

Product Open High Low Closing Settle Net Cng.
CF601 12,115.00 12,135.00 12,065.00 12,100.00 12,110.00 0.00
CF603 11,760.00 11,760.00 11,445.00 11,445.00 11,465.00 -310.00
CF605 11,345.00 11,430.00 11,340.00 11,390.00 11,390.00 -15.00
CF607 11,310.00 11,325.00 11,310.00 11,325.00 11,320.00 -10.00
CF609 11,345.00 11,365.00 11,300.00 11,345.00 11,335.00 -55.00
CF611 11,385.00 11,395.00 11,365.00 11,395.00 11,375.00 -55.00
Source: CZCE

USA Certified Stock

Number of bales that are simultaneously in both
Certificated stock and the CCC loan as of Dec 17
Country Stock As of New Certified Decret Orders Current Stock   Non-Rain Grown
Points 16-Dec 17-Dec 17-Dec 17-Dec Awaiting review (F.Western)
Dallas 19,869 0 0 19,869 0 0
Galveston 12,435 0 2 12,433 0 0
Greenville 244 0 0 244 0 0
Houston 1,910 0 0 1,910 0 0
Memphis 30,782 0 0 30,782 0 0
New Orleans 0 0 0 0 0 0
Total 65,240 0 2 65,238 0 0

 

Top Export Customers for U.S. Raw Cotton

(Thou. 480-Lb Bales)
Ranking as of December 10, 2015
Rank Country MY 2015 % of MY15 Total MY 2016 % of MY16 Total
1 MEXICO 960 19% 478 67%
2 TURKEY 801 16% 0 0%
3 KOREAN REPUBLIC 356 7% 2 0%
4 VIETNAM 719 14% 17 2%
5 INDONESIA 357 7% 56 8%
6 THAILAND 337 7% 15 2%
7 EL SALVADOR 156 3% 79 11%
8 CHINA 263 5% 0 0%
9 BANGLADESH 130 3% 0 0%
10 TAIWAN 158 3% 3 0%
  TOTAL 5,077 100% 716 100%

Bremer Cotton Exchange in cent/lbs – 16th Dec. 2015

Country Ex-Rate Shipment Last Week High Low Offered Settle
Sudan Barakat G3B 12-1 117,00 117,00 115,00 116,33 117,00
East Africa SM 1.3/32″ 12-1 75,00 74,00 73,50 73,83 74,00
C.I.S SM 1.3/32″ 12-1 76,50 75,50 74,00 74,92 75,25
C.I.S SM 1.3/32″ 12-1 75,50 74,50 73,00 73,75 74,25
Greece SM 1.3/32″ n.q.N n.q n.q
Greece SM 1.3/32″ n.q.N n.q n.q
Spain SM 1.3/32″ 12-1 76,00 75,00 74,00 74,63 74,75
Spain SM 1.3/32″ 12-1 75,00 74,00 73,00 73,63 73,75
Brazil SM 1.3/32″ 12-1 76,00 75,00 75,00 75,00 75,00
Brazil SM 1.3/32″ 12-1 75,00 74,00 74,00 74,00 74,00
Argentina SM 1.3/32″ 12-1 73,50 N n.q n.q
India S-6 1.3/32″ 12-1 72,75 72,50 72,25 72,42 72,25
Pakistan M 1.3/32″ 0,00 n.q n.q
USA Pima Gr 2, 1.7/16″ 12-1 157,00 157,00 155,00 155,67 155,00
AFR Franc-Zone SM 1.3/32″ 12-1 74,25 73,25 72,50 73,00 73,00
AFR Franc-Zone SM 1.3/32″ 12-1 73,25 72,25 71,50 72,00 72,00
USA Eastern /M./O./T SM 1.3/32″ 12-1 77,50 77,50 75,00 76,38 76,50
USA Eastern /M./O./T SM 1.3/32″ 12-1 77,50 77,50 75,00 76,38 76,50
Turkey Southeast SM 1.3/32″ n.q –  n.q. n.q.
Egypt Giza 88 SM 1.3/32″ 12-1 195,00 195,00 195,00 195,00 195,00
Egypt Giza 86 SM 1.3/32″ 12-1 118,00 121,00 118,00 119,00 120,00
Israel Pima H-1  1.7/16″ 12-1 154,00 152,00 152,00 152,00 152,00

MCX Cotton

 

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