GLOBAL MARKET AND EXCHANGE INFORMATION
AS OF July 16th, 2010
International Cotton/Yarn Prices
-
2009/2010 Cotlook A Index* price as of July 15th, 2010: 83.20
| Seasons Averages |
2005/06
2006/07
2007/08
2008/09
2009/10 |
56.15
59.15
72.90
61.20
77.54 |
-
Upland Spot Price Quotation (average) as of July 14th, 2010: 74.61 (as of January 14th, 2010: 64.93)
-
2010 Yarn Index** (as of 7/16/10) – Percentage of comparable average values for “Year 2005 = 100”
(For India, Pakistan, Indonesia, China & Turkey)
|
This Week
Last Week
Last Month
Last Year
|
166.40
170.60
160.10
102.90 |
-
Polyester** (as of 7/16/10): Four markets with current prices reported (US cent per pound) and compared to last year. All prices first quality semi-dull fibre (1.7 decitex and 38 mm staple)
| |
This Week |
July 2009 |
| US |
91.0 |
80.0 |
| China |
63.3 |
56.4 |
| Taiwan |
69.2 |
54.2 |
| Pakistan |
69.3 |
59.3 |
Comment: Although there has been recent weakening in international cotton and cotton yarn trade, values for cotton and cotton yarn have increased substantially over the past year (as the above tables reflect). Meantime polyester staple fiber values have remained attractive in comparison to raw cotton asking prices. Recent US textiles and clothing import figures (1st 5 months 2010) reflect that imports of cotton products have increased by 14% while those of man-made fiber products increased by 18%. Accordingly, the attractiveness of polyester staple fiber (compared to cotton) does seem to be affecting consumer spending patterns in the US market...
-
US Dollar Exchange Rates (US dollars to local currency) as of July 26th, 2010
|
Current |
US YTD Change (%) |
|
China
India
Japan
Pakistan
Taiwan
Euro
|
.1475 (6.78)
.02132 (46.90)
.01144 (87.37)
.01171 (85.39)
.03111 (32.14)
1.29 (.7742)
|
-0.7
1.1
-6.6
1.2
0.5
10.8 |
* Source: Cotton Outlook (Cotlook Ltd.). Middling 1-3/32"; cheapest 5 of 19 eligible sources. The Cotlook index reflects both nearby and distant offering rates
** Source: Cotton Outlook (Cotlook Ltd.).
|
Global Market Info 
