International Cotton Market Report as on 27th July 2016

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Last Night NYC Closing – 27-07-2016

Month Change Open High Low Settle In PKR Maund
OCT-16 0.20 74.53 75.00 73.32 73.83 6342.37
DEC-16 -0.40 73.96 74.78 73.22 73.55 6318.32
MAR-17 -0.57 74.28 74.82 73.51 73.80 6339.79
MAY-17 -0.56 74.03 74.48 73.48 73.56 6319.18
JUL-17 -0.54 73.95 73.99 73.23 73.21 6289.11
OCT-17 -0.52 72.64 6240.15
cotton tech chart

Bullish Patterns

Recognized Bullish Chart PatternsNo Patterns were recognized.

Bearish Patterns

Recognized Bearish Chart PatternsDuring an uptrend, three long black candles occur with consecutively lower closes. This pattern suggests that the market has been at a high price for too long, and investors are beginning to compensate for it. More significant if it appears after a mature advance.

World & Domestic Cotton Market

Current Price Prices on same Date Last Year (28-07-2015)
COTLOOK
Cotlook Index
(cents/lb)
‘A’ Index
85.35 71.45
USA
New York Cotton Market Contract No.2
(cents/lb)’Oct-2016 73.83 64.31
Dec-2016 73.55 63.80
(27-07-2016)
CHINA
China Cotton Index
Yuan/M . Ton
15,415 13,158
(28-07-2016)
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) 6,485 4,750
Ex-Karachi
(27-07-2016)
6,950 5,090
Rs. per 40 kgs.
Rs. per maund
(Equivalent cents/lb.)
75.49 56.87

ICE cotton registered its biggest intraday percentage jump in nearly two weeks on Tuesday in technical follow-through as prices consolidated higher following a recent rally and the natural fibre market shifted focus back to weather concerns amid a weaker dollar.

“There was a bullish flag (pattern) in place. Prices have been consolidating over the last eight to nine sessions, trading in a fairly tight range,” said Jim Lambert, director of sales at FCStone Merchant Services, adding that prices have now broken through that range to move upward.

While West Texas has received moisture, it has not been widespread and the lack of rain, especially in key cotton producing counties, has offered some fundamental support to prices, Lambert said. The US Department of Agriculture said in its weekly conditions report on Monday that 52 percent of US cotton was in good to excellent condition, compared with 54 percent a week ago and 57 percent a year ago. Lambert said the report was supportive of prices but “could have been much worse.” The December cotton contract on ICE Futures US remained unchanged from the previous session.

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 – 28-07-2016

Product Volume Open Interest
CF609 83,636 56,572
CF611 334 1,670
CF701 1,592,824 455,996
CF703 250 606
CF705 27,380 39,358
CF707 24 24
Source: CZCE

China CZCE Cotton – 28-07-2016

Product Open High Low Closing Settle Net Cng.
CF609 15,430.00 15,440.00 14,525.00 14,600.00 14,995.00 -295.00
CF611 15,730.00 15,740.00 14,870.00 14,905.00 15,245.00 -360.00
CF701 15,730.00 15,795.00 14,830.00 14,905.00 15,315.00 -300.00
CF703 15,580.00 15,635.00 14,820.00 14,865.00 15,155.00 -445.00
CF705 15,675.00 15,720.00 14,795.00 14,875.00 15,240.00 -335.00
CF707 15,245.00 15,385.00 14,825.00 14,825.00 15,190.00 -340.00
Source: CZCE

USA Certified Stock

Number of bales that are simultaneously in both
Certificated stock and the CCC loan as of Jul 26
Country Stock As of New Certified Decret Orders Current Stock   Non-Rain Grown
Points 25-Jul 26-Jul 26-Jul 26-Jul Awaiting review (F.Western)
Dallas 29,155 0 704 28,451
0 0
Galveston, TX 2,427 0 0 2,427 0 0
Greenville, SC 172 0 0 172 0 0
Houston, TX 655 0 0 655 0 0
Memphis, TN 85,171 0 2,157 83,014 0 0
New Orleans 0 0 0 0 0 0
Total 117,580 0 2,861 114,719 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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