International Cotton Market Report as on 23rd May 2016

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Last Night NYC Closing – 23-05-2016

Month Change Open High Low Settle In PKR Maund
JUL-16 -0.22 61.67 61.83 61.10 61.45 5278.87
OCT-16 0.00 62.03 62.03 62.03 62.11 5335.56
DEC-16 0.01 61.45 61.50 60.85 61.34 5269.42
MAR-17 0.06 61.30 61.73 61.17 61.66 5296.91
MAY-17 0.05 61.94 62.01 61.94 62.06 5331.27
JUL-17 0.07   62.45 5364.77
cotton tech chart

Bullish Patterns

Recognized Bullish Chart PatternsNo Patterns were recognized.

Bearish Patterns

Recognized Bearish Chart PatternsNo Patterns were recognized.

World & Domestic Cotton Market

Current Price Prices on same Date Last Year (25-05-2015)
COTLOOK
Cotlook Index
(cents/lb)
‘A’ Index
70.05 71.85
USA
New York Cotton Market Contract No.2
(cents/lb)’Jul-2016 61.45 63.30
Oct-2016 62.11 65.22
(23-05-2016)
CHINA
China Cotton Index
Yuan/M . Ton
12,556 13,365
(24-05-2016)
INDIA
S6 29 MM 35200-35500 34100-34800
V797 – 22-23 mm 20400-26800 24000-28300
MCU5 31 mm 36400-37300 36700-37500
PAKISTAN
Karachi Cotton Association (Spot Rate) 5,685 5,650
Ex-Karachi
(23-05-2016)
6,093 6,054
Rs. per 40 kgs.
Rs. per maund
(Equivalent cents/lb.)
66.18 67.58

Cotton futures rise alongside other commodities

Cotton futures rose on Friday as commodities markets were broadly higher and the cash market remained subdued. “The market moved rather quietly within yesterday’s range on lighter volume,” said INTL FC Stone Senior Risk Management Consultant Andy Ryan. “Outside markets were also on the quiet side.” Cotton contracts for July settled up 0.6 cent, nearly 1 percent, at 61.67 cents per lb. It traded within a range of 61.07 and 62.07 cents a lb. Total futures market volume fell by 10,342 to 16,611 lots. Data showed total open interest gained 521 to 190,121 contracts in the previous session. Certificated cotton stocks deliverable as of Thursday totalled 89,050 480-lb bales, up from 87,353 in the previous session. The Thomson Reuters CoreCommodity CRB Index, which tracks 19 commodities, was up 0.2 percent. Specs raised a net long position to 24,315 from 24,306 in the latest week. The most-active soybean futures gained 2-3/4 cent to $10.75-1/2 per bushel while the front-month corn futures were up 4-1/2 cent to $3.94-3/4.

US Cotton Statistics

Total Futures Volume 25,612
Floor Call Options Volume 0
Floor Put Options Volumes 0
Total Options Volume 4,005
Grand Totel 29,617
Source: ICE Dated: 08-03-2016

NYC Closing For The Week #21

Days Price Open High Low Change %
24-May-16 61.27 61.39 61.43 61.20 -0.41%
23-May-16 61.52 61.72 61.75 61.11 -0.37%
20-May-16 61.75 61.16 62.05 61.16 0.95%
19-May-16 61.17 62.14 62.14 60.61 -1.61%
18-May-16 62.17 62.30 62.80 61.44 -0.35%
Source: ICE Dated: 10-03-2016

CZCE Cotton Contracts – 24-05-2016

Product Volume Open Interest
CF607 546 2,346
CF609 533,178 243,788
CF611 130 2,364
CF701 124,376 185,748
CF703 176 1,100
CF705 2,604 6,036
Source: CZCE

China CZCE Cotton – 24-05-2016

Product Open High Low Closing Settle Net Cng.
CF607 12,630.00 12,640.00 12,295.00 12,315.00 12,385.00 -260.00
CF609 12,715.00 12,815.00 12,350.00 12,390.00 12,540.00 -225.00
CF611 12,570.00 12,570.00 12,255.00 12,300.00 12,395.00 -175.00
CF701 12,535.00 12,595.00 12,240.00 12,280.00 12,370.00 -200.00
CF703 12,615.00 12,615.00 12,300.00 12,405.00 12,405.00 -220.00
CF705 12,655.00 12,660.00 12,315.00 12,410.00 12,450.00 -205.00
Source: CZCE

USA Certified Stock

Number of bales that are simultaneously in both
Certificated stock and the CCC loan as of May 20
Country Stock As of New Certified Decret Orders Current Stock   Non-Rain Grown
Points 19-May 20-May 20-May 20-May Awaiting review (F.Western)
Dallas 30,097 88 0 30,185
0 0
Galveston, TX 872 0 0 872 0 0
Greenville, SC 172 0 0 172 0 0
Houston, TX 1,883 0 0 1,883 0 0
Memphis, TN 56,026 2,071 0 58,097 0 0
New Orleans 0 0 0 0 0 0
Total 89,050 2,159 0 91,209 0 0
usa certified stock

 

Top Export Customers for U.S. Raw Cotton

(Thou. 480-Lb Bales)
Ranking as of May 12, 2016
Rank Country MY 2015 % of MY15 Total MY 2016 % of MY16 Total
1 VIETNAM 1,573 18% 26 2%
2 TURKEY 1,519 17% 75 6%
3 MEXICO 1,092 12% 592 46%
4 CHINA 734 8% 9 1%
5 INDONESIA 604 7% 126 10%
6 KOREAN REPUBLIC 480 5% 38 3%
7 THAILAND 398 5% 53 4%
8 PAKISTAN 349 4% 44 3%
9 TAIWAN 281 3% 21 2%
10 INDIA 224 3% 7 1%
  TOTAL 8,747 100% 1,278 100%

Bremer Cotton Exchange in cent/lbs – 18th May. 2016

Country Ex-Rate Shipment Last Week High Low Offered Settle
Sudan Barakat G 3 B 5/6 115,00 115,00 115,00 115,00 115,00
East Africa SM 1.3/32″ 5/6 73,25 74,00 73,75 73,92 74,00
C.I.S SM 1.3/32″ 5/6 73,50 74,75 73,50 74,17 74,25
C.I.S M 1.3/32″ 5/6 72,50 73,25 72,50 73,00 73,25
Greece SM 1.3/32″ n.q.N n.q n.q
Greece M 1.3/32″ n.q.N n.q n.q
Spain SM 1.3/32″ 5/6 75,00 N 76,25 75,00 75,75 76,00N
Spain M 1.3/32″ 5/6 73,00 74,25 73,00 73,81 74,00
Brazil SM 1.3/32″ 5/6 73,75 74,75 74,50 74,63 74,75
Brazil M 1.3/32″ 5/6 72,75 73,75 72,50 73,25 73,25
Argentina SM 1.3/32″ n.q n.q n.q
India S-6 1.3/32″ 5/6 75,50 76,00 75,75 75,92 76,00
Pakistan M 1.3/32″ n.q n.q n.q
USA Pima Gr 2, 1.7/16″ 5/6 148,00 148,00 147,00 147,67 148,00
AFR Franc-Zone SM 1.3/32″ 5/6 72,25 73,50 72,75 73,13 73,00
AFR Franc-Zone M 1.3/32″ 5/6 71,25 72,50 71,75 72,13 72,00
USA Eastern /M./O./T SM 1.3/32″ 5/6 75,00 76,25 75,50 76,00 76,00
USA Eastern /M./O./T M 1.3/32″ 5/6 73,50 74,75 74,00 74,50 74,50
Turkey Southeast Extra 1.3/32″ n.q –  n.q. n.q.
Egypt Giza 86 G+3/8″ 5/6 116,00 116,00 114,00 115,33 116,00
Egypt Giza 88 Season 14/15/16 5/6 198,00 198,00 198,00 198,00 198,00
Israel Pima H-1  1.7/16″ 5/6 146,00 146,00 146,00 146,00 146,00

MCX Cotton

 

MCX

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