COTTONGURU™ Daily Report

Posted on February 28, 2017

1. Arrivals on 27/02/17 is about 1.86 lakh bales.
2. Market:  Steady
3. Vietnam’s denim exports to the US has risen 16.1 per cent so far this year. Women’s jean exports from Vietnam to the US rose by almost 17 per cent.
4. Cotton futures traded slightly higher in subdued early dealings Monday after opening unchanged overnight on the session low in May.
5. US: Due to the strength of the dollar, commodities generally weakened, overnight cotton finished lower. But the data to see US cotton exports remain strong, as of February 17

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COTTONGURU™ Daily Report

Posted on February 27, 2017

1. Arrivals on 25/02/17 is about 1.58 lakh bales.
2. Market:  Steady
3. Today Indian lint cotton prices remained firm
4. U.S.: 2017-18 cotton production projected at 17 million bales and exports at a seven-year high.

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COTTONGURU™ Daily Report

Posted on February 23, 2017 Updated on February 23, 2017

1. Arrivals on 22/02/17 is about 1.78 lakh bales.
2. Market:  Bullish
3. The production of cotton is estimated at 341 lakh bales for 2016-17, as per January projection done by CAI. The production of cotton stood at 337.75 lakh bales last year.
4. The International Cotton Advisory Committee projects India will increase cotton planted area by 7% year/year, and expects Chinese planted area to increase by 3%  year/year.

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1. Arrivals on 21/02/17 is about 1.79 lakh bales.
2. Market:  Bullish
3. The Cotlook A Index of world prices fell 120 points Monday to 84.20 cents, reflecting a premium of 8.68 cents over Friday’s May futures close.
4. Grade issue forced leading buyers to make cautious deals during trading while the market sentiment remained firm, floor brokers shared. Forward trading for a period of a month also took place.
5. Vietnam imported 1.034 million tons of cotton in 2016, an increase of 1.6% from a year ago.

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COTTONGURU™ Daily Report

Posted on February 21, 2017

1. Arrivals on 20/02/17 is about 1.82 lakh bales.
2. Market:
3. Today Indian lint cotton prices mixed. The ICE Cotton futures market remained closed due to President Day.
4. China yarn market silent. Customers are not coming back on Indian supplier quotes. Gap in price is about 15 cents per kg.
   Vietnam yarn suppliers giving tough time to Indian yarn in Latin market also.

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COTTONGURU™ Daily Report

Posted on February 17, 2017 Updated on February 17, 2017

1. Arrivals on 16/02/17 is about 1.92 lakh bales.
2. Market: Bullish.
3. Cotton Prices In Madhya Pradesh, Maharashtra, Lower Rajasthan Down By rs 100-200/Candy Reported – Traders
4. World prices as measured by the Cotlook A Index dropped 25 points to 86.55 cents, widening the premium over the prior-day May futures settlement by a point to 8.60 cents.
5. The New York cotton futures fell for the third day in a row on Wednesday, due to the technical sale of the March contract next week’s first delivery notice.

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COTTONGURU™ Daily Report

Posted on February 16, 2017 Updated on February 16, 2017

1. Arrivals on 16/02/17 is about 1.92 lakh bales.
2. Market: Steady.
3. Rupee is likely to open flat around 66.95 levels and initially is expected to trade on a weaker note on back of upbeat US CPI and Retail Sales numbers.
4. Cotton futures were mixed today, with nearby futures sharply lower by 61-73 points, but deferred contracts mostly higher.
5. CZCE futures in China were off yesterday with May falling 155 yuan/ton to 15,870 and ended the session -180 yuan/ton at 15,845.
6. USDA estimates for world mill use increased 610,000 bales from December to February while production estimates grew by 1.18 million bales.
7. U.S. retail sales in January increased more than expected and consumer prices increased 0.6% in January.

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COTTONGURU™ Daily Report

Posted on February 15, 2017

1. Arrivals on 14/02/17 is about 1.97 lakh bales.
2. Market: Steady.
3. Nigeria: The Government of Nigeria has allocated N51 billion ($162.034 million) in this year’s budget for development of the country’s garment and textile industry.
4. China Cotton yarn stocks low in spinners but high in traders.
5. China Xinjiang cotton spinning capacity up 150% in 2016

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COTTONGURU™ Daily Report

Posted on February 14, 2017 Updated on February 14, 2017

1. Arrivals on 14/02/17 is about 1.97 lakh bales.
2. Market: Steady.
3. Panel formed to monitor purchase of cotton for Kerala government’s textile mills.
4. Country’s largest man-made fabric (MMF) industry in Surat is staring at yet another slowdown post-demonetization. The front-line spinners have increased yarn prices by almost Rs 30 per kilogram in the last one month.
5. Pakistan: Federal Textile Board (FTB) will meet on February 16 to look for ways to enhance exports with respect to Rs 180 billion recently announced exports incentive package.
6. Australia’s Cotton Planting estimated More Than double – ABARES
7. China January cotton yarn imports may slip 9.33% m-o-m to 182800 tons
   ccfgroup Survey
8. ICE cotton futures climbed about 1.5 percent on Monday, supported by strong export demand for U.S. cotton, ahead of the first notice day for the March contract due next week.

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COTTONGURU™ Daily Report

Posted on February 13, 2017 Updated on February 13, 2017

1. Arrivals on 13/02/17 is about 1.91 lakh bales.
2. Market: Bullish.
3. India Rabi sowing complete/season sowing 159.7 LacHectare vs LY 143.7 but below 161.9 LH of 2013-14 Yr/higher crop likly but March April weather important to watch
4. Pakistan: Indian exporters back out from cotton deals on price dispute
5. U.S. cotton plantings could be up nearly 10 percent to 11 million acres this spring, judging from grower responses to the National Cotton Council’s 36th Annual Early Season Planting Intentions Survey.
6. Several major textile manufacturers are to make products in the US, echoing US President Donald Trump’s pledge to push for goods labeled “Made in the USA.”

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