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8/12/2019 YnFx Cotton Price wEForecast - June 2013
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8/12/2019 YnFx Cotton Price wEForecast - June 2013
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Confidentiality Statement
This document is confidential and has been made available to the individual to whom it is addressed on the understanding that its
content and copyrights will not be misused. Reproduction of any part of this work by any process whatsoever without written
YnFx Cotton
Price
Forecast
‐June
2013
www.YnFx.com
Tel: 91
22
66291000
Fax:
91
22
22023563
permission of YNFX.com is strictly prohibited.
All prices in this PriceWatch Report are indicative prices and may vary according to the type of fiber, quality level required. Information
contained in this report is obtained from sources believed to be reliable, however YNFX.com will accept no responsibility or liability for
commercial decisions claimed to have been based on the content of the report.
YnFx Cotton
Price
Forecast
‐June
2013
www.YnFx.com
Tel: 91
22
66291000
Fax:
91
22
22023563
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8/12/2019 YnFx Cotton Price wEForecast - June 2013
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May‐13 Jun‐13 Sep‐13 Dec‐13
Actual Forecast Most likely Tentative
New York Futures New York US cents/lb 83.69 84.37 12.8 85.99 16.2 87.62 16.9
' '
World Cotton Fibre Price Forecast
Product / Specs Market % YoY % YoY % YoY
YnFx Cotton
Price
Forecast
‐June
2013
www.YnFx.com
Tel: 91
22
66291000
Fax:
91
22
22023563
. . . . . . .
Karachi Cotton Asso. Spot PakRs/Maund 6,565 6,635 10.9 6,820 20.6 7,005 15.6
East Texas
color
‐41,leaf
4,stapSpot US
cents/lb 77.95
78.64
20.9 80.28
18.9 81.93
18.4
American PIMA‐color 2, leaf 3 Spot US cents/lb 138.00 138.80 20.2 140.65 27.3 142.49 27.7
China Cotton Index Spot Yaun/ton 19,349 19,472 6.3 19,790 6.1 20,108 5.3
Bengal Deshi Assam Comilla Spot Rs/candy 34,200 34,513 ‐3.3 35,402 ‐8.6 36,291 2.8
Shankar‐6 Spot Rs/candy 37,600 37,911 12.8 38,751 11.2 39,592 18.9
100
150
200
250
US Cotton Futures
100
150
200
250Cotlook 'A'
NYLON CHAIN IN EUROPE & USA0
J
2011
FMAMJ J A S OND J
2012
FMAMJ J A S OND J
2013
FMAMJ
U S c e n t s / l b
0J
2011
FMAMJ J A S OND J
2012
FMAMJ J A S OND J
2013
FMAMJ
U S c e n t s / l b
4000
60008000
10000
12000
14000
KCA Spot Rate
20000
3000040000
50000
60000
70000
Shankar‐6
0J
2011
FMAMJ J A S OND J
2012
FMAMJ J A S OND J
2013
FMAMJ
P a k R s / m a u n
0J
2011
FMAMJ J A S OND J
2012
FMAMJ J A S OND J
2013
FMAMJ
I N R / c a n d y
YnFx Cotton
Price
Forecast
‐June
2013
www.YnFx.com
Tel: 91
22
66291000
Fax:
91
22
22023563
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Forecast for June 2013
GLOBAL COTTON MARKETS
Cotton prices are likely to move either side in June as there are a number of factors supporting the trend. Taking the bearish
factors first, the world cotton balance sheet shows a further rise in stocks to record levels of 20.2 million tons in 2013 ‐14
marketing season. Thus traders will be unwilling to follow prices up. Another bearish factor is the poor economic position
both, in Asia as well in the West.
YnFx Cotton
Price
Forecast
‐June
2013
www.YnFx.com
Tel: 91
22
66291000
Fax:
91
22
22023563
Considering the bullish factors, the weather patterns in the US are pointing at late plantings and therefore a late harvestthat will make the 2013‐14 crop susceptible to losses. Drought in Texas and wet conditions in the southern states will
adversely impact yield. Since global production is expected to decline next season and the US current harvest is mostly
committed, the concern is that there will be little cotton to the autumn months.
A second positive factor for cotton prices is the continuation of China’s reserve policy which should see further increases in
its stocks as it would block cotton awa from the international markets which ma ush rices to hi her level. , .
Taking into consideration China’s reserve price policy, the International Cotton Advisory Committee has projected Cotlook A
Index at US cents 122 for the next season, 41 per cent higher than the current season which averages US cents 86 until now.
In case such a price is achieved, the obvious consequences would be a further loss of competiveness by cotton relative to‐
Trends in May
Cotton prices declined in major markets this May. The ICE cotton sank for a ninth straight session, the longest slide in three
years, to post the largest monthly drop since September, after long liquidation erased gains. The most ‐active July cotton
contract fell US cents 0.83 to average US cents 83.69 per pound. The December contract closed at US cents 82.06 per pound.
The Cotlook A index also lost US cent 0.10 closing the month at an average of US cents 92.30. China Cotton Index was down
o er re, a s m ar scenar o w nesse n ‐ season.
uan a , uan a on.
In Pakistan, modest trading was witnessed on the cotton market as mills were reluctant to make new deals in expectations
of fall in prices due to early arrivals of Phutti. The official spot rate averaged PakRs 6,565 per maund ex‐Karachi, down
PakRs327 from April numbers. In India, prices movement was mixed with most varieties losing during the month. Prices of most specs lost 4 per cent while a few gained 1 per cent over the month.
YnFx Cotton
Price
Forecast
‐June
2013
www.YnFx.com
Tel: 91
22
66291000
Fax:
91
22
22023563
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8/12/2019 YnFx Cotton Price wEForecast - June 2013
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