Cotton

[rakeshmalik]

new york future was march +37, may+39,july+42,close 67.79 march

 

[rakeshmalik]

india import 3000 bales cotton from pakistan of low mic @ 50 cents.

 

[rakeshmalik]

CNCE Forward trading: Market Ended Higher
02/02/08

COTTONCHINA 6040 tons were concluded on CNCE??s e-market, 860 tons less than the previous session. All cotton traded today were Type 229, open interests increased 660 tons and cumulative open interests totaled 80120 tons.

Market opened lower but settled higher. Volume kept reducing and open interests increased. Most of MA contracts settled slightly higher except nearby contract. MA0802 lost by 13 yuan to 14172 yuan and MA0804 gained by 13 yuan to 14486 yuan

 

[rakeshmalik]

CNCE Forward trading: Cotton Market Strong
02/03/08

COTTONCHINA 7780 tons were concluded on CNCE??s e-market, 1740 tons more than the previous session. All cotton traded today were Type 229, open interests increased 920 tons and cumulative open interests totaled 81040 tons.

Market opened higher then moved to lower, price gained before session ended. Both volume and open interests increased. All MA contracts settled higher especially the forward contracts. MA0802 gained by 11 yuan to 14183 and MA0804 gained by 46 yuan to 14532.

 

[rakeshmalik]

chinise requirments;........QUOTATION　　　　　　　　　　　　　　　　　　　　　　DATE : 23.01.2008

1.　GROWTH　　　　　　　　　　　　　　:　 INDIAN
2.　CROP YEAR　　　　　　　　　　　　:　 2007-2008
3.　GRADE　　　　　　　　　　　　　　　　:　 SHANKAR-6 Premium Quality Raw cotton
4.　STAPLE　　　　　　　　　　　　　　　 :　 1-1/8”
5.　MIC　　　　　　　　　　　　　　　　　　 :　 3.5 to 4.9 NCL
6.　STRENGTH　　　　　　　　　　　　　:　 28GPT +
7.　QUANTITY　　　　　　　　　　　　　:　 1000MT
8.　PRICE　　　　　　　　　　　　　　　　　:　 0.7250 USD / LBS (　CIF- Shanghai port, China)
9.　PAYMENT　　　　　　　　　　　　　 :　 100% By Confirm irrevocable at sight　
　　　　　　　　　　　　　　　　　　　　　　　　　　　Letter of Credit by any A1 International Bank.　　　　　　　　
10. SHIPMENT　　　　　　　　　　　　:　 Feb - 08


# NOTE:
1.　　　L/c. must be opened within a week from the date of bargain for the confirmation of bargain.
2.　 If Third Party Inspenction ( eg. SGS) is require, it will arrange & paid by the Buyer at loading Port.
3.　 Quotation validity for 24 hours from the receiving.
4. CIQ terms final for china
..............................................

 

[rakeshmalik]

LATEST RAW COTTON ARRIVALS
(Position as on 25th (January 2008)
The per day arrivals are reported around 2,25,000 bales.

States 2007-08 2006-07
Quantity in lakh bales of 170 kgs

Punjab 16.65 19.60
Haryana 10.50 10.80
Rajasthan 7.25 6.30
North Total 34.40 36.70
Gujarat 63.50 53.50
Maharashtra 44.50 33.50
Madhya Pradesh 14.50 11.50
Central Total 122.50 98.50
Andhra Pradesh 25.50 20.50
Karnataka 3.60 3.40
Tamil Nadu 1.10 1.15
South Total 30.20 25.05
Others 0.80 0.85
Total 187.90 161.10
Plus Loose lint 7.50 7.00
Grand Total 195.40 168.10

 

[rakeshmalik]

Top Stories


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02/02 10:23 Cotton futures notice mixed trend

02/02 09:42 ICE cotton higher on grains in rangeboun...

 

[yatishjain]

can some one suggest the buy price and target??

 

[rakeshmalik]

you can buy at present rates @ sell any time after march with huge profit.God is great.........

 

[rakeshmalik]

buy mech1 29 mm at 20800/- per candy & sell over 22500/- per candy hope so.... God bless.......