___________________________________
ACRYLIC CHAIN
----------------------------------------------------------
Acrylic staple fibre prices in July were down in the Asian markets of China, India, and Pakistan during the month. In China, ASF offers reacted to the recent downtrend in the raw material ACN cost this month. Downstream demand was dull as yarn producers themselves witnessed lower sales, which in turn resulted into lower procurement of acrylic fiber during the month. Supply in the market was largely stable with many plants either idled or had cut production.
Acrylic, cotton prices mostly down in the key regions
Cotton market weakens, viscose jumps
Cotton futures’ uptrend slowed down in the week ended 5th July 2019 amid expectations of massive production in the coming season, largely in India. Meanwhile, Brazil substituted US cotton suppliers on the Chinese markets due to the US-China trade war.
Viscose staple fibre prices jumped in China, fell in India, and remained flat in Pakistan during the week. In China, VSF offers rose further this week amid limited availability and decreasing supply in the markets. A few downstream buyers restocked VSF again this week despite having bought in huge quantities previously.
Related Keywords: Cotton futures, cotton historical prices, cotton market trend, cotton prices, cotton prices in china, cotton prices in india, cotton prices in Pakistan, cotton prices in US, cotton yarn, rayon prices, spun yarn prices, Viscose price, viscose price in china, viscose price in india, viscose price in Pakistan, viscose staple fibre price
Viscose, cotton markets remain bearish
Viscose staple fiber (VSF) offers in the Asian markets were lowered again in the last week of May 2019 due to lackluster downstream buying interest amid cautious mentality as a whole. Viscose filament yarn prices were range-bound despite the fall in raw material cost. The market sentiment doesn't seem to improve much and it is likely that it will remain bearish in the coming weeks as well.
Related Keywords: Cotton futures, cotton historical prices, cotton market trend, cotton prices, cotton prices in china, cotton prices in india, cotton prices in Pakistan, cotton prices in US, cotton yarn, rayon prices, spun yarn prices, Viscose price, viscose price in china, viscose price in india, viscose price in Pakistan, viscose staple fibre price
The hybrid seed industry has seen subdued growth over the past five years
Related Keywords: changing climate, cotton, cotton prices, hybrid cotton seed, hybrid market, seed industry
Prices have been reduced from Rs 930 for a 450-gram packet of cotton hybrid seeds five years ago to Rs 730 last year, leaving little differentiation between good and bad seeds.
Indian hybrid cotton seed producers feel work is cut out for any new government that comes to power. "The hybrid seed industry has seen subdued growth over the past five years largely in cotton, which contributes around 30 per cent to the hybrid seed market," says G V Bhaskar Rao, chairman and managing director of Kaveri Seeds.
CCI buys bales of cotton
Related Keywords: buying cotton, Cotton Association of India (CAI), Cotton Corporation of India (CCI), cotton prices, fibre crop, procurement, raw cotton
As cotton prices ruled firm for most of the 2018-19 marketing season starting October, the state-run Cotton Corporation of India (CCI) could purchase only 10.7 lakh bales under the MSP scheme. The bulk of the procurement — over 70 per cent — has been from Telangana followed by Maharashtra.
According to CCI, market arrivals of cotton till April 1 stood at 254 lakh bales of 170 kg each. The Cotton Association of India (CAI), the apex trade body, had pegged the crop size at 328 lakh bales for the year.
Higher prices will add cost pressure on the value chain, making yarn, fabric and apparel exports less competitive
Related Keywords: 00, 000 bales of cotton to China as prices, 8, competitiveness of Indian products in the international market, cotton output, cotton prices, cotton procurement by Cotton Corporation of India, cotton-growing states and lower acreage in some of the southern states, double whammy for textile exporters, fabric and apparel exports less competitive, higher cotton prices and the rupee movement are reducing international competitiveness of Indian value-added textile products, Higher prices will add cost pressure on the value chain, making yarn, Prices in the cotton futures market, stronger rupee will shrink the revenues of exporters by lowering price realisation
Cotton prices have started rising at a time when the rupee is appreciating. It is a double whammy for textile exporters as it will impact the competitiveness of Indian products in the international market and hit price realisation in rupee terms.
Prices in the cotton futures market has moved up 7 per cent from the low of Rs 19,970 per bale (one bale is 170 kg) in February to Rs 21,360 in March on reports of improving demand from China and domestic mills.
Reduction in cotton prices
Related Keywords: commodity prices, cotton, cotton crop, cotton markets, cotton prices, ginneries, phutti, yield
The world leading cotton markets gave mixed trend with New York cotton closing steady and Chinese cotton moved lower. The following deals were reported to have changed hands on ready counter: 4,000 bales, station Tando Adam, at Rs 8,900 to Rs 9,200;1,000 bales, Hyderabad, at Rs 9,000 to 9100; 1,600 bales, Sanghar, at Rs 8,900 to Rs 9,100; 2,000 bales, Shahdadpur, at Rs8,950 to Rs9,200; 1,000 bales, Kotri, at Rs8,900 to Rs9,100; 200 bales, Haroonabad, at Rs 8,900; 200 bales, Burewala, at Rs 8,900; 200 bales, Jhang, at Rs 8,950; and 200 bales, Chichawatni, at Rs 8,950.
With arrivals at 90,000 bales a day at market yards market is stable
Related Keywords: cotton farmers, Cotton market, cotton prices, huge stock of yarn, Indian cotton as the fibre from India is not standardized, Indian Cotton Federation, quality cotton, spinning sector, Textile scenario, yarn sector
When asked if the present situation would augur well with the cotton farmer as his realisation is not on expected lines, the ICF President said, “there is a global surplus. There are no takers for Indian cotton as the fibre from India is not standardised.” Due to tight financial situation prevailing in the spinning sector and comfortable availability of quality cotton, the prices are expected to remain steady. “The monsoon would be a major deciding factor for cotton prices for the period between June and October 2018.”
Vardhman Textiles starts hedging cotton prices on MCX
Related Keywords: constitutes more than four percent, cope up with the persistent volatility, cotton prices, country’s yarn production capacity, MCX, on Multi Commodity Exchange of India Ltd., Punjab based major integrated textile producer in India, started hedging, to maintain its margins, Vardhman Textiles Ltd, VTL
Vardhman Textiles Ltd (VTL) a Punjab based major integrated textile producer in India to cope up with the persistent volatility in cotton prices has started hedging on Multi Commodity Exchange of India Ltd. (MCX).
It is of vital importance for VTL to hedge cotton prices, as it constitutes more than 4 percent of the country’s yarn production capacity. They believe that hedging the cotton prices will help VTL to maintain its margins.
Trading activity at cotton market returns
Related Keywords: activity remained restricted, After losing ground, cotton bales, cotton prices, Cotton prices moved higher, KCA, KCE, last fortnight, once again picked up, short supply of lint stocks, spot rate, strong demand for quality lint on Monday
After losing ground during last fortnight, cotton prices once again picked up. Cotton prices moved higher on strong demand for quality lint on Monday. However, activity remained restricted due to short supply of lint stocks.
It was interesting to note that prices once again moved beyond Rs7,000 per maund, with the highest rate quoted at Rs7,500 per maund. However, short supply of quality cotton owing to falling cotton stocks restricted activity, leaving many spinners disappointed.
