By admin       2018-01-02

28-Dec 29-Dec On day change (%) ZCE Jan contract (night trade, yuan/mt) 15035 14945 -95 ICE Dec contract (cent/lb) 78.81 78.5 -0.31 U.S. upland cotton, SLM 1-1/16 (cent/lb) 76.36 76.24 -0.12 Indian cotton, S-6, 29mm (Rs/Candy) 41200 41100 -100 Pakistani cotton, Karachi spot rate (Rs/maund) 7000 7100 100 Prices of futures 05 were day offers, because the night market closed in the New Year’s Day. Cotton prices changed little during the holiday. Offers of North Xinjiang machine-picked cotton with both length and strength 29, dirt percentage 3 were at 15,650yua/mt rough weigh. According to CCI, ended by December 27, 2017, accumulative arrivals of Indian new cotton in 2017/18 were 10.62 million bales, about 1.805 million tons lint cotton. AS CAB estimated domestic production was 6.409 million tons, the arrival was 28% finished. Indian spot cotton rate decreased Rs.400 to Rs. 40,800 per Candy during the holiday (equal to about 11,674yuan/mt) and Karachi official spot rate increased Rs. 500 for three days to Rs.7,500 per maund (about 11,802yuan/mt). $1=CNY 6.52

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