International Cotton Market Report as on 2nd June 2016

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Last Night NYC Closing – 02-06-2016

Month Change Open High Low Settle In PKR Maund
JUL-16 -0.30 63.17 63.67 62.81 62.87 5400.85
OCT-16 -0.32 63.46 63.71 63.30 63.18 5427.48
DEC-16 -0.33 63.01 63.51 62.60 62.67 5383.67
MAR-17 -0.31 63.55 63.77 63.03 63.06 5417.17
MAY-17 -0.23 63.84 64.01 63.41 63.42 5448.10
JUL-17 -0.14 64.07 64.32 63.73 63.76 5477.31
cotton tech chart
Bullish Patterns
No Patterns were recognized.

Bearish Patterns

The shadows of the second candlestick do not have to be contained within the first candle’s body, though it’s preferable if they are. The Harami indicator should be confirmed with the next candlestick.

World & Domestic Cotton Market

Current Price Prices on same Date Last Year (03-06-2015)
COTLOOK
Cotlook Index
(cents/lb)
‘A’ Index
72.05 71.90
USA
New York Cotton Market Contract No.2
(cents/lb)’Jul-2016 62.87 63.60
Oct-2016 63.18 64.42
(02-06-2016)
CHINA
China Cotton Index
Yuan/M . Ton
12,618 13,307
(03-06-2016)
INDIA
S6 29 MM 36700-37100 34500-35000
V797 – 22-23 mm 22200-28500 23500-24500
MCU5 30-31 mm 37900-38700 36500-37000
PAKISTAN
Karachi Cotton Association (Spot Rate) 5,735 5,600
Ex-Karachi
(02-06-2016)
6,147 6,001
Rs. per 40 kgs.
Rs. per maund
(Equivalent cents/lb.)
66.76 66.98

Cotton futures fell more than 1 percent, the most in nearly two-weeks, on Wednesday on profit-taking after the holiday weekend. “Some of the new longs that had come into the market decided to exit them in the last two days,” said Jim Lambert, Director of Sales at FCStone Merchant Services, LLC, adding that technicals indicate that the recent market rally has “run out of steam.” Cotton contracts for July settled down 0.77 cent, or 1.20 percent, at 63.17 cents per lb. It traded within a range of 62.94 and 64.08 cents a lb. Total futures market volume rose by 2,352 to 31,661 lots. Data showed total open interest gained 1,592 to 202,777 contracts in the previous session. The dollar index was down 0.48 percent. The Thomson Reuters CoreCommodity CRB Index, which tracks 19 commodities, was up 0.36 percent.

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 #22

Days Price Open High Low Change %
02-Jun-16 63.15 63.23 63.61 63.15 -0.11%
01-Jun-16 63.22 63.94 64.01 62.94 -1.08%
31-May-16 63.91 64.44 64.44 62.92 -0.67%
27-May-16 64.34 64.29 64.59 63.59 0.02%
26-May-16 64.33 62.91 64.55 62.85 2.31%
Source: ICE Dated: 02-06-2016

CZCE Cotton Contracts – 03-06-2016

Product Volume Open Interest
CF607 456 2,166
CF609 463,298 289,380
CF611 110 2,336
CF701 81,964 182,458
CF703 238 850
CF705 3,876 13,556
Source: CZCE

China CZCE Cotton – 03-06-2016

Product Open High Low Closing Settle Net Cng.
CF607 12,540.00 12,600.00 12,470.00 12,510.00 12,520.00 0.00
CF609 12,620.00 12,800.00 12,530.00 12,590.00 12,650.00 -60.00
CF611 12,450.00 12,555.00 12,405.00 12,405.00 12,465.00 -90.00
CF701 12,430.00 12,580.00 12,360.00 12,410.00 12,455.00 -65.00
CF703 12,475.00 12,570.00 12,410.00 12,420.00 12,480.00 20.00
CF705 12,425.00 12,630.00 12,425.00 12,480.00 12,510.00 -25.00
Source: CZCE

USA Certified Stock

Number of bales that are simultaneously in both
Certificated stock and the CCC loan as of June 01
Country Stock As of New Certified Decret Orders Current Stock   Non-Rain Grown
Points 31-May 01-June 01-June 01-June Awaiting review (F.Western)
Dallas 33,615 352 0 33,967
0 0
Galveston, TX 2,648 0 0 2,648 0 0
Greenville, SC 172 0 0 172 0 0
Houston, TX 1,883 0 0 1,883 0 0
Memphis, TN 65,357 3,704 0 69,061 0 0
New Orleans 0 0 0 0 0 0
Total 103,675 4,056 0 107,731 0 0
usa certified stock

Top Export Customers for U.S. Raw Cotton

(Thou. 480-Lb Bales)
Ranking as of May 19, 2016
Rank Country MY 2015 % of MY15 Total MY 2016 % of MY16 Total
1 VIETNAM 1,605 18% 37 3%
2 TURKEY 1,540 17% 93 7%
3 MEXICO 1,097 12% 618 44%
4 CHINA 769 9% 18 1%
5 INDONESIA 618 7% 134 10%
6 KOREAN REPUBLIC 488 5% 59 4%
7 THAILAND 411 5% 59 4%
8 PAKISTAN 351 4% 58 4%
9 TAIWAN 285 3% 24 2%
10 INDIA 224 3% 8 1%
  TOTAL 8,895 100% 1,403 100%

Bremer Cotton Exchange in cent/lbs – 1st June. 2016

Country Ex-Rate Shipment Last Week High Low Offered Settle
Sudan Barakat G 3 B 6 115,00 115,00 115,00 115,00 115,00
East Africa SM 1.3/32″ 6 74,75 76,25 75,00 75,58 76,00
C.I.S SM 1.3/32″ 6 75,00 76,25 75,50 75,92 76,00
C.I.S M 1.3/32″ 6 74,00 75,25 74,50 74,92 75,00
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″ 6 76,75 N 78,50 76,00 77,13 78,00N
Spain M 1.3/32″ 6 74,75 76,50 74,00 75,25 76,00N
Brazil SM 1.3/32″ 6 75,50 76,50 76,00 76,33 76,50
Brazil M 1.3/32″ 6 74,00 75,50 74,00 74,83 75,00
Argentina SM 1.3/32″ n.q n.q n.q
India S-6 1.3/32″ 6 76,50 78,25 76,00 77,17 77,50
Pakistan M 1.3/32″ n.q n.q n.q
USA Pima Gr 2, 1.7/16″ 6 148,00 149,00 148,00 148,33 148,00
AFR Franc-Zone SM 1.3/32″ 6 73,75 75,25 74,50 74,81 75,00
AFR Franc-Zone M 1.3/32″ 6 72,75 74,25 73,50 73,81 74,00
USA Eastern /M./O./T SM 1.3/32″ 6 76,75 78,00 76,50 77,31 77,75
USA Eastern /M./O./T M 1.3/32″ 6 75,25 76,50 75,00 75,81 76,25
Turkey Southeast Extra 1.3/32″ n.q –  n.q. n.q.
Egypt Giza 86 Season 14/15/16 6 116,00 116,00 115,00 115,67 116,00
Egypt Giza 88 G+3/8 6 198,00 198,00 198,00 198,00 198,00
Israel Pima H-1  1.7/16″ 6 146,00 146,00 146,00 146,00 146,00

MCX Cotton

 

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