International Cotton Market Report as on 26th July 2016

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Last Night NYC Closing – 26-07-2016

Month Change Open High Low Settle In PKR Maund
OCT-16 1.51 72.48 74.42 72.48 73.63 6325.19
DEC-16 1.66 72.40 74.23 72.17 73.95 6352.68
MAR-17 1.39 73.00 74.47 72.94 74.37 6388.76
MAY-17 1.16 72.97 74.22 72.92 74.12 6367.28
JUL-17 0.96 72.80 73.85 72.76 73.75 6335.50
OCT-17 0.87 73.16 6284.82
cotton tech chart

Bullish Patterns

Recognized Bullish Chart PatternsNo Patterns were recognized.

Bearish Patterns

Recognized Bearish Chart PatternsThe Harami Bearish Pattern is a two-candlestick pattern composed of a relatively small black real body contained within a prior relatively long white real body.

World & Domestic Cotton Market

Current Price Prices on same Date Last Year (27-07-2015)
COTLOOK
Cotlook Index
(cents/lb)
‘A’ Index
83.60 71.45
USA
New York Cotton Market Contract No.2
(cents/lb)’Oct-2016 73.63 65.84
Dec-2016 73.95 64.64
(26-07-2016)
CHINA
China Cotton Index
Yuan/M . Ton
15,322 13,158
(27-07-2016)
INDIA
S6 29 MM 46800-47100 35000-35300
V797 – 22-23 mm 28500-35100 25000-25500
MCU5 30-31 mm 48000-48900 35500-36000
PAKISTAN
Karachi Cotton Association (Spot Rate) 6,385 4,750
Ex-Karachi
(26-07-2016)
6,843 5,090
Rs. per 40 kgs.
Rs. per maund
(Equivalent cents/lb.)
74.33 56.87

ICE cotton fell for the second straight session to the lowest in over a week on Monday, pressured by forecasts of favorable weather conditions for the natural fibre crop. “It looks like we will get some desperately needed rain,” said Louis Barbera of ICAP Cotton. However, prices should be firm until there is more cotton in the US pipeline, which should be in the next two weeks, he added.

The December cotton contract on ICE Futures US settled down 0.39 cent, or 0.54 percent, at 72.29 cents per lb. It traded within a range of 71.54 and 72.63 cents a lb. The dollar index was down 0.19 percent. The Thomson Reuters CoreCommodity CRB Index, which tracks 19 commodities, was down 0.87 percent. Heavy rain in Mali’s cotton-growing regions could help the country to reach its production target of 650,000 tonnes despite a dry start to the season, the state-owned Malian Company for Textile Development (CMDT) said. Speculators inflated their bullish position in ICE Futures US cotton contracts to the biggest in nearly 8-1/2 years in the week ended July 19, US government data showed on Friday, after the market soared to a two-year high on supply concerns.

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 #29

Days Price Open High Low Change %
26-Jul-16 72.36 72.37 72.48 72.19 0.12%
25-Jul-16 72.27 72.44 72.63 71.59 -0.78%
22-Jul-16 72.84 73.15 73.47 71.90 -0.38%
21-Jul-16 73.12 72.48 73.71 71.86 0.91%
20-Jul-16 72.46 73.37 73.37 71.78 -1.24%
Source: ICE Dated: 11-07-2016

CZCE Cotton Contracts – 27-07-2016

Product Volume Open Interest
CF609 42,268 64,884
CF611 198 1,762
CF701 818,438 434,330
CF703 24 618
CF705 6,818 36,650
CF707 8 26
Source: CZCE

China CZCE Cotton – 27-07-2016

Product Open High Low Closing Settle Net Cng.
CF609 15,120.00 15,185.00 14,935.00 15,140.00 15,080.00 35.00
CF611 15,360.00 15,460.00 15,230.00 15,450.00 15,395.00 85.00
CF701 15,375.00 15,480.00 15,170.00 15,450.00 15,350.00 70.00
CF703 15,135.00 15,310.00 15,135.00 15,310.00 15,225.00 25.00
CF705 15,285.00 15,405.00 15,105.00 15,375.00 15,270.00 50.00
CF707 15,165.00 15,310.00 15,165.00 15,310.00 15,240.00 50.00
Source: CZCE

USA Certified Stock

Number of bales that are simultaneously in both
Certificated stock and the CCC loan as of Jul 25
Country Stock As of New Certified Decret Orders Current Stock   Non-Rain Grown
Points 22-Jul 25-Jul 25-Jul 25-Jul Awaiting review (F.Western)
Dallas 29,155 0 0 29,155
0 0
Galveston, TX 2,492 0 65 2,427 0 0
Greenville, SC 172 0 0 172 0 0
Houston, TX 1,180 0 525 655 0 0
Memphis, TN 85,171 0 0 85,171 0 0
New Orleans 0 0 0 0 0 0
Total 118,170 0 590 117,580 0 0
usa certified stock

Top Export Customers for U.S. Raw Cotton

(Thou. 480-Lb Bales)
Ranking as of July 14, 2016
Rank Country MY 2015 % of MY15 Total MY 2016 % of MY16 Total
1 VIETNAM 1,962 20% 187 8%
2 TURKEY 1,580 16% 212 9%
3 MEXICO 1,103 11% 776 33%
4 CHINA 887 9% 82 3%
5 INDONESIA 715 7% 181 8%
6 KOREAN REPUBLIC 529 5% 122 5%
7 THAILAND 433 4% 78 3%
8 PAKISTAN 420 4% 160 7%
9 TAIWAN 332 3% 48 2%
10 INDIA 320 3% 130 5%
  TOTAL 9,845 100% 2,373 100%

Bremer Cotton Exchange in cent/lbs – 20th July. 2016

Country Ex-Rate Shipment Last Week High Low Offered Settle
Sudan Barakat G 3 B 8/9 115,00 115,00 114,00 114,67 115,00
East Africa SM 1.3/32″ 8/9 83,00 86,50 86,00 86,25 86,26
C.I.S SM 1.3/32″ 8/9 83,00 86,75 86,00 86,25 86,50
C.I.S M 1.3/32″ 8/9 82,00 85,75 84,00 84,92 85,50
Greece SM 1.3/32″ n.q. n.q n.q
Greece M 1.3/32″ n.q. n.q n.q
Spain SM 1.3/32″ n.q. n.q n.q
Spain M 1.3/32″ n.q. n.q n.q
Brazil SM 1.3/32″ 8/9 84,50 86,75 83,50 85,33 86,50
Brazil M 1.3/32″ 8/9 83,50 85,75 84,75 85,25 85,50
Argentina SM 1.3/32″ n.q n.q n.q
India S-6 1.3/32″ 8/9 94,00 N 94,00 94,00 94,00 94,00N
Pakistan M 1.3/32″ 86,00 N n.q n.q
USA Pima Gr 2, 1.7/16″ 8/9 151,00 151,00 151,00 151,00 151,00
AFR Franc-Zone SM 1.3/32″ 8/9 83,00 86,25 85,00 85,75 86,00
AFR Franc-Zone M 1.3/32″ 8/9 82,00 85,25 83,00 84,42 85,00
USA Eastern /M./O./T SM 1.3/32″ 8/9 85,00 87,75 87,50 87,63 87,75 N
USA Eastern /M./O./T M 1.3/32″ 8/9 84,00 86,50 85,00 85,92 86,25
Turkey Southeast Extra 1.3/32″ n.q –  n.q. n.q.
Egypt Giza 86 Season 14/15/16 8/9 116,00 116,00 116,00 116,00 116,00
Egypt Giza 88 G+3/8 8/9 198,00 198,90 198,00 198,00 198,00
Israel Pima H-1  1.7/16″ 8/9 150,00 153,00 153,00 153,00 153,00

MCX Cotton

MCX

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