Pulse of Cotton 27-01-2023
Pulse of Cotton 27-01-2023
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Month- January Week- 04th Issue – 10th Date-27-01-2023
Aifcospin enjoy dedicating a new service for its members by keeping a finger on the pulse of cotton & Yarn market
and reporting it to them frequently. Please note as a word of caution that it’s a compilation and gist of market
information collected from different sources. AIFCOSPIN is no way responsible for any market variations, untoward
fluctuations and etc. and all the rights remain reserved. For private circulation (members only).
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U.S Trade cotton #2 : in U.S cents / Lb (CASH) 26th January’2023 88.00 (+ 0.11)
Cotlook “A”- Index ,C/F Far-East, In U.S Cents / Lb. 26th January’ 2023 101.65(-0.15)
Note: A. Cot look “A” Index for FE is: 1) Upland cotton of SM 1 1/8”=28.58mm to Middling 1-3/32” =27.78mm and
from Aug’2015, to Middling 1-1/8”. 2) Avg. price of five cheapest quotations selected from most frequently traded
upland cotton (out of nineteen numbers) internationally. 3) Far East means, covering the port of destination of the
countries like Thailand, Indonesia, China, Hong Kong, Singapore and Japan. 4) Day’s indices time is 2.30 pm of U.K.
B. A weekly pamphlet that gives an in-detail review of the major crop and market developments around India & the
World, together with a complete listing of A Index(FE), its element growths and other significant prices and statistical
information, together with brief details of the main crop and marketing developments during the preceding week.
2. Cotton/PSF/ Blended Ring or OE yarn price as on date: (Pl note that export price
is not steady as daily changes of cotton prices.)
TECHNICAL TEXTILES
Smart Textiles:
25 Jan '23
A team of researchers led by assistant professor Dr Yuanyuan Guo from Japan’s Tohoku University's
Frontier Research Institute for Interdisciplinary Sciences has developed a microelectronic fibre with
microscopic parameters that is capable of analysing electrolytes and metabolites in sweat. The fibre’s
micrometre scale allows it to be woven into clothes for healthcare applications.
The fibre could lead to fibre-based smart clothes that provide greater versatility in functions, larger
sensing areas, and greater comfort. The team believes that their developed smart fabric could
revolutionise the textile and healthcare industries, benefiting human society at large, according to a press
release by Tohoku University.
To produce the fibre, the group leveraged the versatile thermal drawing process, where heat is applied to
draw out micro-structured fibre from its macroscopic preform. The team also patterned on two sensing
electrodes for sodium and uric acid on the longitudinal surface of the fibre.
Although mainstream photolithography and printing technology have enabled wearable electronics, doing
so often entails attaching fairly rigid electronic patches to existing fabrics or directly on the skin, leading to
only a small area of the body being covered.
Smart fabrics allow for the seamless integration of electronics, optics, biosensors, and mechanics into a
thin strand of fibre that is intrinsically flexible and as thin as a human hair. These fabrics can then be used
to monitor vital physiological signals related to our mental and physical health status.
Guo said: “Our breakthrough is the first successful attempt at using thermally drawn fibre in wearable
bioelectronics for monitoring biochemical signatures.
"Since most developments so far could not be considered clothes, we devoted our effort to transforming
fibre, to make truly wearable smart fabric.”
Graduate student Jingxuan Wu was the leading author of the research work, and it was published in
Analytical and Bioanalytical Chemistry on January 9, 2023.
Fibre2Fashion News Desk (DP)
Trade Fairs:
Textiles ministry supports 9th edition of Techtextil India
25 Jan '23
Event organiser Messe Frankfurt India has announced the ninth edition of Techtextil India, which is
scheduled to take place between September 12–14, 2023 in Mumbai. The support to the event from
India’s ministry of textiles further demonstrates the huge emphasis laid for this key sector in boosting the
economy of the country.
Techtextil India is the country’s leading trade fair on technical textiles, nonwovens, fibres, yarns, and
machinery. With almost eight months to go, the three-day business event has received an overwhelming
response from various companies who will be seen showcasing their latest solutions and products for key
application areas, according to a press release by Messe Frankfurt.
“We are elated to have received the support from the ministry of textiles, Government of India and believe
that it will bring in strong value to the technical textiles segment of our trade fair while opening doors to
lucrative business engagements for the industry. We are optimistic that it will gain for us a wider reach
and increase our credibility among the industry,” said Raj Manek, executive director and board member,
Messe Frankfurt Asia Holdings Ltd.
The last edition of Techtextil India in November 2021 emerged as a crucial meeting place form technical
textile players. Even though the show happened to be the first post lockdown edition, it garnered an
attendance of 4,087 visitors due to live demonstration of the latest products and technologies from over
150 technical textile brands.
Heading for its ninth edition, Techtextil India, along with the support of India’s ministry of textiles and other
supporting associations aims to play a key role in the overall development of the industry.
Fibre2Fashion News Desk (NB)
2. India's PC, poly spun yarn up as raw material prices rise, demand high
25 Jan '23
(Fibre2Fashion News Desk (KUL): India’s polyester yarn prices increased amid improved
buying. Polyester-cotton yarn was also sold for higher prices. Polyester value chain witnessed a
better demand after a rise in polyester staple fibre (PSF) prices. Last week, Reliance increased
the prices of PSF and its upstream raw materials. Higher crude oil prices are said to have
pushed up polyester.
Polyester yarn prices increased by ₹3-4 per kg in major trading centres such as Ludhiana and
Surat. Mills increased their selling prices after an increase in prices of PSF and upstream raw
materials by RIL. “Costlier PSF motivated buyers to stock up on the goods. Extended winter
also pushed polyester value chain up,” a trader from Surat told Fibre2Fashion.
3. Cotton yarn steady in south India; demand weak due to extended winter
24 Jan '23
(Fibre2Fashion News Desk (KUL): Cotton yarn prices remained stable in south India today as
demand from the weaving industry was not encouraging.
Extended winter season is hampering cotton yarn trade because the summer clothing season is
likely to be delayed. The entire value chain is looking forward to the summer season as the
demand for cotton clothing increases in this season.
Prices of most counts and varieties of cotton yarn were stable in Mumbai. Market sentiments
were weak because of uncertainty in buying from the weaving industry.
“This winter season is longer than usual. Trading activities were limited because buyers are not
in a hurry to buy cotton yarn for the upcoming summer season,” a trader from Mumbai told
Fibre2Fashion.
Abroad:
1. Cotton Tug-of-War: Production and Prices Battle It Out for 2023
January 25, 2023
Cotton production will hang by the thin threads of demand in 2023 — and prices will likely sway
in the 80¢ to 85¢ per pound range, depending on La Niña’s trajectory. Patience might be the
most valuable tool for producers this year, especially when it comes to navigating the economic
landscape.
Prices and Production
“New crop December 2023 futures are in the neighborhood of 80¢,” says Don Shurley,
University of Georgia’s professor emeritus of cotton economics. “This does not inspire cotton
acreage but much will also depend on the price of competing crops, production costs and the
individual farm situation dictating rotation and flexibility,” he explains.
Mark Jekanowski, USDA Outlook Board chairman, recently shared his takeaways from USDA’s
most recent supply and demand report and sheds light on what to expect in terms of production
and trade for the upcoming marketing year:
U.S. production is forecasted at 14.68 million bales.
Global production is projected at 115.40 million bales.
World consumption is down to 110.9 million bales due to decreased use in India, Indonesia and
Vietnam.
U.S. exports are forecasted at 12 million bales, down from 14.6 million bales in 2021/22.
Global exports are forecasted at 41.7 million bales, down from 42.9 million bales in the previous
marketing year.
U.S. ending stocks are expected to be 4.2 million bales, representing 30% of projected use.
2. China top buyer of Brazilian cotton with 28.81% share in Jan-Nov 2022
26 Jan '23
(Fibre2Fashion News Desk (KUL): World’s major cotton producer and exporter Brazil exported
cotton (HS code 5201) worth $3.342 billion in the first eleven months of 2022.
China was the top buyer of Brazilian cotton with a share of 28.81 per cent amounting to
$963.044 million in the same period. Brazil’s total cotton exports to the world increased in value
but declined in volume in 2022.
The shipment to China increased by 23.84 per cent from the exports in the corresponding
period of last year when they were noted at $777.660 million, according to Fibre2Fashion’s
market insight tool TexPro.
Besides China, Brazil exported cotton worth $492.038 (14.72 per cent) to Vietnam, $445.619
(13.33 per cent) to Bangladesh, $431.551 (12.91 per cent) to Pakistan and $430.163 (12.87 per
cent) to Turkiye, as per TexPro. Brazil’s cotton exports to the world increased in terms of value
but decreased in terms of volume. The shipment was $3.676 billion (1.803 billion kg) in 2022.
Zimbabwe’s cotton output declined by over 50% last season, statistics from the Agricultural
Marketing Authority (AMA) show. In the 2021/22 season, farmers produced 57 000 tonnes of
the crop as compared to 137 762 tonnes produced during the 2020/21 marketing season, a
59% drop.
AMA chief executive officer, Clever Isaya, told NewsDay that the sharp decline in cotton output
is attributable to flooding and a cold spell in May. He said: Heavy rains and floods at the
beginning of this season leached soils, then erratic rains which were received thereafter up to
December (affected crops). In January 2022, we had Tropical Storm Ana which caused
destruction to both crops and animals, a cold spell quickly set in in May 2022 which affected ball
splitting of cotton.
Towards the end of 2022, China EximBank’s outstanding loans to the country’s foreign trade
industry totalled 2.87 trillion yuan (around $423.92 billion), which was an increase of 470 billion
yuan compared to the start of the year, according to local media reports. Outstanding loans in
yuan and other currencies that were lent by the bank capped 5 trillion yuan as of the end of
2022, which was a rise of 12 per cent compared to the beginning of 2022. (Source:
Fibre2Fashion.com)
LAHORE: The local cotton market on Thursday remained bullish and the trading volume
remained satisfactory.
Cotton Analyst Naseem Usman told Business Recorder that the rate of cotton in Sindh is in
between Rs 17,000 to Rs 20,000 per maund. The rate of cotton in Punjab is in between Rs
19,000 to Rs 21,000 per maund. The rate of Phutti in Sindh is between Rs 6,500 to Rs 8,000
per 40 kg. The rate of Phutti in Punjab is in between Rs 7,500 to Rs 10,500 per 40 kg.
200 bales of Panu Aqil were sold at Rs 19,500 per maund, 200 bales of Sanghar, 200 bales of
Nawab Shah, were sold at Rs 16,800 per maund, 600 bales of Mian Wali were sold at Rs
19,500 to Rs 20,000 per maund, 400 bales of Rahim Yar Khan, 400 bales of Khan Pur, 800
bales of Sadiqabad were sold at Rs 20,000 per maund.
Disclaimer
The information contained in this weekly bulletin has been prepared solely for the purpose of providing information about the
market feelings on cotton and yarn prices around India and related countries by AIFCOSPIN,Mumbai to its member and
interested parties, and is not in any way binding on AIFCOSPIN,Mumbai. This weekly bulletin has been compiled in good faith by
The AIFCOSPIN,Mumbai, but no representation is made or warranty given (either express or implied) as to the completeness or
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