International Cotton Market Report as on 24th November 2017

Last Night NYC Closing

ICE COTTON CLOSING PRICE

Date	Contracts	Change	Open	High	Low	Settle	PKR
24-11-2017	Dec 18	0.41	70.94	71.2	70.7	71.11	6167.22
24-11-2017	Mar 18	0.79	71.14	72.08	71.07	71.93	6238.34
24-11-2017	May 18	0.84	71.92	72.93	71.92	72.82	6315.53
24-11-2017	Mar 19	0.35	70.92	70.92	70.92	70.92	6150.74
24-11-2017	Oct 18	0.5				71.53	6203.65
24-11-2017	Mar 19	0.35	70.92	70.92	70.92	70.92	6150.74

World & Domestic Cotton Market

	Current Price	Prices on same Date Last Year (24-11-2016)
COTLOOK
Cotlook Index (cents/lb) ‘A’ Index	81.60	80.50
USA
New York Cotton Market Contract No.2
(cents/lb)’Dec-2017	71.93	72.38
Mar-2018	72.82	71.30
(24-11-2017)
CHINA
China Cotton Index Yuan/M . Ton	15,881	15,999
(27-11-2017)
INDIA
S6 29 MM (Per Candy)	37000-37300	38800-39100
V797 – 22-23 mm (Per Candy)	28700-32100	27000-32800
MCU5 30-31 mm (Per Candy)	37700-38600	39300-39800
(25-11-2017)
PAKISTAN
Karachi Cotton Association (Spot Rate)	6,745	6,385
Ex-Karachi	7,228	6,843
Rs. per 40 kgs. Rs. per maund (Equivalent cents/lb.)	77.77	74.33
(24-11-2017)

NYC Closing For The Week #47

Days	Price	Open	High	Low	Change %
22-Nov-17	71.19	70.06	71.75	69.91	1.60%
21-Nov-17	70.07	70.66	71.34	69.55	-1.05%
20-Nov-17	70.81	69.85	70.92	69.43	1.33%
17-Nov-17	69.88	69.23	70.08	69.23	0.88%
16-Nov-17	69.27	68.96	69.50	68.81	0.60%
Source: ICE			Dated: 22-11-2017

International Sugar Market Report 27th Novembert 2017

Sugar Market Commentary:

• General Comments:

  Futures were lower in both New York and London again yesterday. Futures have now fallen back into the recent range. Chart patterns are more neutral now due to the weakness in futures as a breakout higher seems to be failing. Brazil features reduced sugarcane crush and continued emphasis on ethanol production and reduced Sugar production as it moves to cover domestic demand at the expense of exports. Trends are turning up in London and in New York after the price action last week on ideas of reduced availability of Sugar to the market. There have been no big demand reports, and the lack of demand against ideas of big world production are keeping the market in a fundamentally bearish mode. Even so, the charts in both New York and London imply that higher prices are still possible

• Overnight News:

  Brazil should feature showers and storms this and next week and drier weather this weekend. Temperatures should be near to above normal today and tomorrow, then near to below normal

• Chart Trends:

  Trends in New York are mixed. Support is at 1480, 1460, and 1430 March, and resistance is at 1520, 1550, and 1580 March. Trends in London are mixed. Support is at 383.00, 380.00, and 377.00 March, and resistance is at 393.00, 396.00, and 399.00 March.

Landon Sugar # 5 Closing
Month	Settle	Change	High	Low	Total Vol.
Mar 18	397.10	2.3	397.90	394.00	3573.00
May 18	399.70	1.1	400.80	397.80	1390.00
Aug 18	404.10	1.3	404.80	401.90	442.00
Oct 18	405.80	1	406.50	404.30	90.00
Dec 18	410.90	0.2	411.30	410.70	58.00
Dated: November 24, 2017			Source: ICE

For Complete Report : Click Here