Contract Open * High Low Close * Settle Change
Dec ’15 61.89 62.07 61.61 61.95 61.90 +0.24
Mar ’16 62.08 62.29 61.71 62.23 62.12 +0.38
May ’16 62.70 63.04 62.43 63.00 62.87 +0.40
Jul ’16 62.85 63.38 62.85 63.37 63.29 +0.38
Oct ’16 0 0 0 0 63.34 +0.38
� Open and Close prices reflect the first and last trade in the market and do not correlate to any opening or closing period �
Cotlook ‘A’ Index
68.65
(Unch)
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**MARKET OUTLOOK**

India & International Market Highlights:
• With the conclusion of Trans-Pacific Partnership agreement, the apparel produced in Vietnam for the United States market will be tariff-free.
• Cotton prices were unchanged as demand from mills and exporters were limited due to festivals.
North Zone:

Cotton traded easy tone across major spot markets of north India on Monday. Prices were down Rs 20-30 per maund. In Punjab, ready delivery cotton traded at Rs 3455-3465 a maund. In Haryana, it offered at Rs 3,400-3,410 while in Rajasthan, ready delivery new cotton quoted at Rs 3,350-3,420 a maund.

Central Zone:

Cotton spot prices steady tone across west India market on Monday. Gujarat Sankar-6 new cotton traded at Rs 32100-32400 per candy and Sankar-6 old variety was traded at Rs 32200-32700 per candy of 356 kg for best quality cotton. while B-Grade Cotton traded flat at Rs 31700-32000 per candy. V 797 cotton offered at Rs 24000-24500 a candy. While in Maharashtra, New Crop cotton quoted at Rs 31800-32300 a candy.

South Zone:

Cotton spot price was steady tone across the major trading centers of south India.
US Cotton Futures :
Cotton ends higher on contract roll, ahead of USDA report: November 10, 2015 – ICE cotton futures rebounded to settle higher on Monday after hitting 3-1/2-week lows in the prior session amid heavy volume as investors rolled contracts from the December contract to March ahead of the US Department of Agriculture’s supply and demand report. “There’s some concern the USDA may not lower exports,” said Louis Rose, independent cotton trader and consultant with Risk Analytics in Memphis, Tennessee, said referring to Tuesday’s report. He noted that a strong export sales report in the prior week may have changed the market’s sentiment on the likelihood the agency would reduce its forecast for US exports. The March contract on ICE Futures US rose by 0.38 cent, or 0.6 percent, to settle at 62.12 cents per lb. December cotton settled up 0.24 cent, or 0.4 percent, at 61.90 cents per lb. December’s discount to March widened to as much as 0.22 cent, the highest level since mid-June. Total futures market volume rose by 190 to 38,943 lots. Data showed total open interest fell 315 to 194,650 contracts in the previous session. Certificated cotton stocks deliverable as of November 6 totalled 45,596 480-lb bales, up from 42,322 in the previous session. The dollar index was down 0.21 percent. The Thomson Reuters CoreCommodity CRB Index, which tracks 19 commodities, was down 1.00 percent. The Relative Strength Index in the most-active contract rose to 47.757. Copyright Reuters, 2015
Pakistan :
Seed cotton prices slip further on falling demand: November 10, 2015 – Seed cotton (Phutti) prices came down on the cotton market on Monday in the process of modest trading, dealers said. The official spot rate was unchanged at Rs 5300, dealers said. In Sindh, seed cotton prices were down by Rs 100 to Rs 2400 and Rs 2800 and in the Punjab rates were at Rs 2500 and Rs 3000, they said. In the ready business, nearly 10,000 of deals were finalised between Rs 4900 and Rs 5550, they said. Market sources said that both growers and ginners were not busy in panic selling but despite of this volume of business is not picking up. They said that devaluation of the Indian rupee last week, had propelled local importers to continue import and this factor is causing a concern among the sellers of cotton. Cotton analyst, Naseem Usman said that the country would have to import nearly 2.5 million bales to meet the local demand. He said that prices may show softness in the coming days or stay with no change. The following deals reported: 400 bales from Tando Adam at Rs 4900, 2000 bales from Mehrabpur at Rs 5300, 400 bales from Rasoolabad at Rs 5300, 800 bales from Sui at Rs 5300, 600 bales from Setharaja at Rs 5300-5350, 800 bales from Rohri at Rs 5400, 600 bales from Salehpat at Rs 5400, 400 bales from Fort Abbas at Rs 5500, 600 bales from Haroonabad at Rs 5500, 400 bales from Alipur at Rs 5500, 800 bales from Rahim Yar Khan at Rs 5550, 400 bales from Khanpur at Rs 5550 and 400 bales from Layyah at Rs 5400, dealers said.
China :
Chinese textile firms expanding overseas: Nov 9 2015 – Textile firms of China are expanding overseas and Vietnam is becoming the favourite destination to set up new facilities for textile manufacturers of China. The reasons behind the shift are increase production and labour costs in the country. Another reason is that the apparels produced in the Southeast Asian country for the United States market will be tariff-free post the last month’s Trans-Pacific Partnership agreement. One of the textile manufacturing firms of China, Huafang Co. — a textile business in Shandong Province, is planning to set up its first overseas unit, which will be engaged in producing high-end fabrics factory, in Vietnam with a US $ 110 million investment. Around 150 million yuan will be invested into a research and development centre to explore new technologies covering the whole gamut of industry chain, including cotton, spinning, weaving and dyeing. Recently, China-based textile manufacturer Keer also set up its facility in Lancaster County, USA and reported that the cost of land is reasonable there and even the workers are ready to get trained at nominal wages. Keer’s mill spins yarn from raw cotton to sell to textile makers across Asia. But it still spins much of its yarn in China, importing the raw cotton from America. Zhu Shanqing, Chairman of the company said that Keer has moved to the US because of land, incentives, workers and best suited business environment here, as in China, yarn manufacturing sector is losing money. Luen Thai International Group, which is Hong Kong’s largest clothing company, Sanshui Jialida TextileCo, based in Guangdong Province, and Vietnam’s Vinatex Co. are planning to establish a textile industrial park.

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