THE ALL INDIA FEDERATION OF CO-OPERATIVE SPINNING MILLS LTD.

Canada Building, 2nd Floor, 226, Dr. D.N.Road, Mumbai-400001.

Tel: (022) 2207 8577 / 2207 0995, Fax: 2207 1182, E.mail: aifcospin@gmail.com

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Month- January Week- 04th Issue – 09th Date-24-01-2023

(Oum Gang ganeshaaonamah, Jai Ambe)

Pulse of Cotton & Yarn prices in India and International Market

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) 23RD January’2023 87.89 (+ 0.69)

Today’s report Last report

N.Y. Futures: in U.S Cent/Lb. (24-01-2023) Mar’23 86.49(+0.14) 86.35(+2.64)
1 US$/EURO(Bid) = Rs.81.309 / 88.4605 May’23 86.91(+0.19) 86.72(+2.56)
1Kg. = 2.2046 Lb. July’23 87.23(+0.06) 87.17(+2.76)
Cotton 1-1/16”=26.98mm to middling 1-3/32” Oct’23 85.63(+0.95) 84.68(+2.40)
Dec’23 84.70(-0.20) 84.90(+2.24)

Cotlook “A”- Index ,C/F Far-East, In U.S Cents / Lb. 23RD January’ 2023 101.80(+1.20)

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.

Indian Varieties: Trade name Indicating Prices: Rs. / Candy (Ex-Gin )

Bunny (31mm,30gpt/3.7-4.5mic) 63300
Shankar-6 (29mm,28gpt/3.5-4.5mic) 61800
J-34 (27mm,26gpt / 3.5-4.5mic) 59200
MECH-1 (28mm,27gpt/3.5-4.5mic) 59800
V-797 (22mm, 20gpt/4.0-6.0mic) 47000
*Crop of 2022-23
 Avg Spot price of the probable used cotton during the year of 2020-’21 :
SPOT PRICES: 1 2 3 4 5 6 7 8
J-34 H-4 S-6 DCH-32 LRA-5166 Bunny MECH MCU-5
27/3.5- 28/3.5- 29/3.5- 34/3.0- 27/3.5- 31/3.8- 28/3.5- 32/3.5-
  4.9/26 4.9/27 4.9/27-28 3.8/33 4.9/26 4.2/30 4.9/27 4.9/31
Avg. cost per Candy:FY’16-17 38593 41464 41247 54293 39275 42803 40345 40413
Avg. cost per Candy:FY’17-18 40316 41347 40966 54332 37548 42570 39468 44281
Avg. cost per candy FY'18-19 43057 44048 44674 57017 39934 45667 42459 47012
Cost per Candy :FY '19-'20 39958 41856 42065 54928 39659 43923 41244 45280
A.Cost per candy-FY-'20-'21 37,952 38,520 38,957 55,534 35,117 40,708 37,905 41,413
A.Cost per candy-FY-'21-'22 56941 58315 61078 96373 37107 63722 40995 57946
Avg. of Sept'21 49763 50775 55350 93063 44363 55963 51463 57900
Avg. of Oct'21 56550 57592 59392 111708 48000 63117 56275 68500
Avg. of Nov'21 62740 63940 65850 116400 54000 67580 62500 71150
Avg. of Dec'21 61877 63431 66346 111385 NA 69323 NA NA
Avg. of Jan'22 68682 70436 73882 113509 0 77709 0 0
Avg. of Feb"22 73460 75660 77830 101350 0 81950 0 0
Avg. of March'22 77455 80236 81864 98364 71245 86782 80355 0
Avg. of April'22 88011 90867 92567 109056 78133 99200 90433 0
Avg. of May'22 95292 98638 99500 110923 82338 105615 98423 0
Avg. of June'22 88517 91908 97250 340667 75533 105583 94692 0
Avg. of July'22 79957 85029 88486 226500 69429 92100 85014 0
Avg. of August'22 92540 96980 97000 95000 77000 100900 94420 0
Avg. of Sept'22 76450 78770 82370 88650 71720 10150 78850 0
Avg. of Oct'22 65460 66740 69240 75900 61800 0 66960 0
Avg. of Nov'22 62044 64322 67233 72722 60000 69050 64600 0
Avg. of Dec'22 60650 62700 64188 69625 0 66038 0 64100
23-01-2023 59200 60700 61800 66000 NA 63300 59800 64500
T.Avg: Jan'22 to Jan'23
76041 78765 80984 102693 49897 80837 61093 63950
Diff. in CM (Jan'23-Jan’22):
-9648 -9870 -12248 -48592 0 -15176 40150 63800
Monday 23rd January’2023 Standard Descriptions with Basic Grade & Staple in, Millimetres based on Upper Half Mean
.Length, [ By law 66 (A) (a) (4) ] Black- 2021-22, Blue-2022-23
G.Trash Strength/
No. Growth Grade Standard Grade Staple Micronaire Per Quintal Per Candy
% GPT
1 P/H/R ICS-101 Fine Below 22mm 5.0 – 7.0 4 15 18362 65300
2 P/H/R ICS-201 Fine Below 22mm 5.0 – 7.0 4.5 15 18503 65800
3 GUJ ICS-102 Fine 22mm 4.0 – 6.0 13 20 13216 47000
4 KAR ICS-103 Fine 23mm 4.0 – 5.5 4.5 21 NA NA
5 M/M ICS-104 Fine 24mm 4.0 – 5.5 4 23 16872 60000
6 P/H/R(U) ICS-202 Fine 26mm 3.5 – 4.9 4.5 26 16647 59200
7 M/M(p)/SA/TL ICS-105 Fine 26mm 3.0 – 3.4 4 25 NA NA
8 P/H/R(u) ICS-105 Fine 27mm 3.5 – 4.9 4 26 16759 59600
9 M/M(p)/SL/TL/G ICS-105 Fine 27mm 3.0 – 3.4 4 26 NA NA
10 M/M(p)/SA/TL ICS-105 Fine 27mm 3.5 – 4.9 3.5 27 NA NA
11 P/H/R(u) ICS-105 Fine 28mm 3.5 – 4.9 4 27 17069 60700
12 M/M(P) ICS-105 Fine 28mm 3.5 – 4.9 3.5 27 16816 59800
13 SA/TL ICS-105 Fine 28mm 3.8 – 4.2 3.5 27 16872 60000
14 GUJ ICS-105 Fine 28mm 3.8 – 4.2 3 27 17041 60600
15 R (L) ICS-105 Fine 29mm 3.7 – 4.9 3.5 28 17153 61000
16 M/M (P) ICS-105 Fine 29mm 3.8 – 4.2 3.5 28 17153 61000
17 SA/TL (K) ICS-105 Fine 29mm 3.8 – 4.2 3 28 17181 61100
18 GUJ ICS-105 Fine 29mm 3.8 – 4.2 3 28 17378 61800
19 M/M(P) ICS-105 Fine 30mm 3.8 – 4.2 3.5 29 17462 62100
20 SA/TL/K/O ICS-105 Fine 30mm 3.8 – 4.2 3 29 17519 62300
21 M/M(P) ICS-105 Fine 31mm 3.8 – 4.2 3 30 17800 63300
22 SA/TL/K/TN/O ICS-105 Fine 31mm 3.8 – 4.2 3 30 17912 63700
23 SA/TL/K/TN/O ICS-106 Fine 32mm 3.5 – 4.9 3 31 18137 64500
24 M/M(P) ICS-107 Fine 34mm 3.0 – 3.8 4 33 18559 66000
25 K/TN ICS-107 Fine 34mm 3.0 – 3.8 3.5 34 18981 67500
26 M/M(P) ICS-107 Fine 35mm 2.8-3.7 3.5 35 18981 67500
Crop of 2022-23
Facts on Cotton :
World & India’s cotton scenario and updated Technology:

1. Displaying Cotlook Indices for the past days

‘A Index’ ‘A’ (FE,fwd) Date
100.60(NC) -(+) 20th January’2023
99.10(-1.50) -(-) 21ST January’2023
101.80 (+2.70) -(+) 23RD January’ 2023
100.10(-0.70) -(+) 12th January’ 2023
97.85(-2.25) -(-) 13th January’2022
98.60(+0.75) - (+) 18th January’ 2022
100.60(+2.00) - (+) 19th January’ 2022

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.)

Sr.no. Type of Yarn Count(Ne) Price (Ex-mill in Increased (+)/

Rs/Kg OR $/kG) decreased (-)by
1 Dyed PSF warp ring yarn(TFO) 30/2s 167.00 + 3.00
2 PSF warp ring yarn(TFO) 30/2s 154.00 + 2.00
3 PC(80:20) weft ring yarn 32s 146.00 + 2.00
4 DO 47s 158.00 + 1.00
5 Do 50s 163.00 + 1.00
6 PV(80:20) Warp ring yarn(TFO) 47/2s 210.00 + 2.00
7 PSF warp ring yarn(TFO) 47/2s 180.00 + 3.00
8 PV(80:20) warp ring yarn(TFO) 45/2s 206.00 + 2.00
9 PSF warp ring yarn(TFO) 45/2s 176.00 + 3.00
10 Do 40/2s 178.00 + 3.00

For further info. Pl contact: AIFCOSPIN

3 .a. Government focusing on inverted duty structure in textile sector

by Apparel Resources News-Desk

19-January-2023
The Government is closely looking to address the inverted duty structure in the textile and
aluminium sectors so that there is a boost to domestic production and exports. Inverted duty
means that the duty on product components is higher than the duty on the finished product
which leads to the locally-made products becoming unproductive.
The Government is keeping a close eye on inverted duty structure in the textile industry
particularly since the sector is the second largest employer in the country after agriculture. In
this sector, currently the finished product is taxed at 5 per cent whereas man-made fibre is
taxed at 18 per cent and yarn is taxed at 12 per cent.
“Our effort is to avoid inverted (duty) structure and make sure that if it is necessary to import raw
material, the price should not be excessive, which will make our final product uncompetitive,” a
senior official said. The contribution of the textile industry is around 2 per cent of India’s GDP
and over 12 per cent in the manufacturing industry as a whole.
“The value at which processed fabric is being imported is abysmally low and doesn’t justify the
rationale of engaging in manufacturing activities in India. We request to review the import of
fabric and institute some policies to discourage this import, so that domestic production of fabric
may increase, which in turn shall create demand for textile raw material also,” industry chamber
Assocham said. (Source: https://apparelresources.com)
 TECHNICAL TEXTILES
Smart Textiles:

US researcher designs 'smart' hat that tracks babies' body temperature

24 Jan '23
Smart clothing made of thermochromic yarn that changes colour based on body temperature
will soon be able to detect fever in newborns. Louisiana State University’s (LSU) researcher
Sibei Xia is developing body-tracking wearable technology—a hat—that could reduce the need
for monitoring an infant’s temperature using thermometers and other invasive technologies.
Sibei Xia, who is an assistant professor in the LSU department of textiles, apparel design, and
merchandising, has designed hats that have a band that combines functional and cotton yarn to
detect temperature without influencing its comfort. She mentioned that advanced knitting
technology has made it possible to explore functional yarns in the medical field, according to an
LSU article by Mary Lang.
“If the newborn’s temperature goes really high, it’s going to change the hat to a beige colour so
that we don’t have to necessarily measure the temperature that often or use other technologies
to monitor temperature,” said Xia.
Flatback knitting machines, which allow the operator to customise patterns and tension, were
used to make the prototype for the hat. Moreover, adding additional yarns or changing the
knitting pattern enables changing of the thermochromic yarn threshold temperature.
The research project at LSU explores various yarn colours, knitting structures, and threshold
temperatures to gauge the types of combinations that result in the desired colour-changing
effect. “We are hoping that by implementing other structure variations and colour variations, it
will create the linear range between 37.5°C to 38.5°C,” added Xia.
Fibre2Fashion News Desk (NB)

Non-woven Textiles
US' P&G reports net sales of $20.8 bn in Q2 FY23
23 Jan '23
American multinational consumer goods giant Procter & Gamble Company (P&G) has reported net sales
of $20.8 billion, a decrease of 1 per cent year-on-year (YoY), in the second quarter (Q2) of financial year
2023 (FY23), ended December 31, 2022. The company’s operating cash flow was $3.6 billion, and net
earnings were $4 billion for the quarter.
Excluding the impacts of foreign exchange and acquisitions and divestitures, the company’s organic sales
increased 5 per cent in Q2 FY23. Diluted net earnings per share were $1.59, a decrease of 4 per cent
versus prior year’s EPS, P&G said in a media release.
The company’s gross margin for Q2 FY23 decreased 160 basis points versus year ago, 100 basis points
on a currency-neutral basis. The decline was driven by 380 basis points of increased commodity and
input material costs, 130 basis points of negative product mix, and 140 basis points of capacity start-up
costs and other impacts. These were partially offset by benefits of 470 basis points from increased pricing
and 80 basis points from gross productivity savings.
Selling, general and administrative expense as a percentage of sales increased 10 basis points in Q2
FY23 versus year ago and decreased 30 basis points on a currency-neutral basis.
In Q2 FY23, P&G’s baby, feminine, and family care segment’s organic sales increased 4 per cent versus
a year ago. Baby care organic sales increased in low single digits due to increased pricing, partially offset
by volume declines from market contraction. Feminine care organic sales increased in high single digits,
driven by increased pricing and positive geographic mix, and partially offset by volume declines in
emerging markets. Family care organic sales increased low single digits due to increased pricing, partially
offset by lower volumes due to market contraction and market share softness.
P&G raised its guidance for fiscal 2023 all-in sales to a range of down 1 per cent to in-line versus the prior
fiscal year from a prior range of down 3 per cent to down 1 per cent. The company also raised its outlook
for organic sales growth to a range of 4-5 per cent versus the prior fiscal year from a prior growth range of
3-5 per cent.
P&G maintained its outlook for fiscal 2023 diluted net earnings per share growth in the range of in-line to
up 4 per cent versus fiscal 2022 EPS of $5.81. The company added that given continued significant cost
headwinds from commodity and materials costs and foreign exchange impacts, it continues to expect
EPS results to be towards the lower end of the fiscal year guidance range.
Fibre2Fashion News Desk (DP)

Tuesday 24th January’2023 MIDDAY Time of Issue:12:45 hours IST

ALL INDIA WEATHER SUMMARY AND FORECAST BULLETIN

Significant Weather Features

♦ The Western Disturbance lies as a cyclonic circulation over East Afghanistan & neighbourhood in lower
to upper tropospheric levels. The induced cyclonic circulation lies over southwest Rajasthan &
neighbourhood in lower tropospheric levels. The Western Disturbance is very likely to move slowly
eastwards, there is high moisture feeding from Arabian Sea to northwest India on today and likely to
continue till tomorrow, the 25th January, 2023. Under its influence;
⇒ Light to moderate fairly widespread to widespread rainfall/ snowfall very likely over Western Himalayan
Region on 24th & 25th January, 2023. Isolated heavy rainfall/snowfall also very likely over Jammu-
Kashmir-Ladakh-Gilgit-Baltistan-Muzaffarabad, Himachal Pradesh on 24th and Uttarakhand on 24th &
25th January, 2023.
⇒ Light scattered to fairly widespread rainfall accompanied by thunderstorm activity very likely over
Punjab, Haryana, Chandigarh and Uttar Pradesh on 24th& 25th; Isolated very light rainfall/drizzle also
likely over Delhi on 24th& 25th January, 2023.
⇒ Isolated hailstorm also likely over Jammu Division, Himachal Pradesh, Punjab, Haryana & Chandigarh
on 24th; over Uttarakhand and West Uttar Pradesh on 24th & 25th January, 20

Main Weather Observations

♦ Rainfall/snowfall observed (from 0830 hours IST of yesterday to 0830 hours IST today): at a few places
over Tamilnadu, Puducherry & Karaikal and isolated places over Jammu & Kashmir, Himachal Pradesh,
Uttarakhand, Punjab, Haryana & Chandigarh, Uttar Pradesh and Kerala & Mahe.
♦ Significant amount of rainfall recorded (from 0830 hours IST of yesterday to 0830 hours IST today) (in
cm): Tamilnadu: Ayikudi, Thalaignayer, Tirupoondi, Velankanni-3 each, Adirampatinam, Kodiakarai,
Coonoor, Rameswaram, Sattur-2 each; West Uttar Pradesh: Bareilly, Aligarh and Shahjhanpur1 each;
Tamilnadu, Puducherry & Karaikal: Kodaikanal and Atiramapattinam-2 each, Coonoor-1.
♦ Thunderstorm observed (from 0830 hours IST of yesterday to 0830 hours IST of today): at isolated
places over Tamilnadu

Weather Warning during next 5 days *

24 Jan (Day 2):
♦ Thunderstorm accompanied with lightning & hail very likely at isolated places over Himachal Pradesh,
Uttarakhand, Punjab, Haryana & Chandigarh and with lightning at isolated places over Delhi, Uttar
Pradesh and Rajasthan.
♦ Heavy rainfall/snowfall very likely at isolated places over Jammu & Kashmir, Himachal Pradesh and
Uttarakhand.
♦ Squally weather (wind speed reaching 40-45 kmph gusting to 55 kmph) likely over south Andaman Sea
& adjoining Southeast Bay of Bengal. Fishermen are advised not to venture into these areas.
25 Jan (Day 3):
♦ Thunderstorm accompanied with lightning & hail very likely at isolated places over Himachal Pradesh,
Uttarakhand, Punjab, Haryana & Chandigarh and Uttar Pradesh and and with lightning at isolated places
over Delhi and East Rajasthan.
♦ Heavy rainfall/snowfall very likely at isolated places over Jammu & Kashmir, Himachal Pradesh and
Uttarakhand.
♦ Squally weather (wind speed reaching 40-45 kmph gusting to 55 kmph) likely over central parts of south
Bay of Bengal and adjoining south Andaman Sea. Fishermen are advised not to venture into these areas.
26 Jan (Day 4):
♦ Thunderstorm accompanied with lightning likely at isolated places over East Rajasthan.
♦ Squally weather (wind speed reaching 40-45 kmph gusting to 55 kmph) likely over central parts of south
Bay of Bengal and adjoining south Andaman Sea. Fishermen are advised not to venture into these areas.
27 Jan (Day 5):
♦ Thunderstorm accompanied with lightning likely at isolated places over West Rajasthan.
♦ Squally weather (wind speed reaching 40-45 kmph gusting to 55 kmph) likely over Southwest Bay of
Bengal along & off Sri Lanka coast. Fishermen are advised not to venture into these areas.
28 Jan (Day 5):
♦ Thunderstorm accompanied with lightning likely at isolated places over Punjab, Haryana, Chandigarh &
Delhi, West Uttar Pradesh and Rajasthan.
♦ Squally weather (wind speed reaching 40-45 kmph gusting to 55 kmph) likely over Southwest Bay of
Bengal along & off Sri Lanka coast. Fishermen are advised not to venture into these areas

Current News: (Cotton and Textile Market)

India:
1. Cotton yarn demand poor in south India; coarse count down in Mumba
20 Jan '23
(Fibre2Fashion News Desk (KUL): Bearish trend persisted in south India’s cotton yarn market
today. Poor buying of coarse count yarn pulled its prices down in Mumbai. Cotton yarn of 40 and
44 counts were down by ₹2-10 per kg, while fine counts yarn remained stable. Tiruppur opened
after Pongal, but demand remained weak as garment units are facing sluggish buying from
retailers. 
Prices of cotton yarn of 40/41 and 44/46 counts witnessed a drop in Mumbai. A trader from this
market told Fibre2Fashion, “Mills are once again under pressure to clear their stocks. They are
not getting sufficient orders from the weaving industry.” 
In Mumbai, 60 count carded cotton yarn of warp and weft varieties were traded at ₹1,540-1,570
and ₹1,440-1,490 per 5 kg (GST extra) respectively. 60 combed warp was priced at ₹345-350
per kg. 80 carded (weft) cotton yarn was sold at ₹1,470-1,490 per 4.5 kg. 44/46 count carded
cotton yarn (warp) was priced at ₹275-280 per kg. 40/41 count carded cotton yarn (warp) was
sold at ₹262-268 per kg and 40/41 count combed yarn (warp) was priced at ₹290-293 per kg,
according to Fibre2Fashion’s market insight tool TexPro. 

2. India's RIL increases prices of PTA & MELT; MEG stable

20 Jan '23
(Fibre2Fashion News Desk (KUL): Reliance, India’s largest player in the polyester value chain,
has increased the prices of purified terephthalic acid (PTA) and MELT, while prices of
monoethylene glycol (MEG) was kept unchanged.
Last week, the company decreased prices of PTA, MELT but MEG was kept unchanged. The
polyester value chain witnessed an upward trend due to a rise in crude oil. 
The company reviews price trends in China and fluctuations in crude oil prices to fix the rates of
polyester raw materials. Indian market follows the price trends of Reliance as it is the
dominating player in the country. According to market sources, RIL fixed PTA price at ₹80.70
per kg (+3.00), MEG at ₹54.10 per kg (unchanged) and MELT at ₹87.80 per kg (+2.58).

3. Bizmen seek policy to boost textile sector

Amritsar, January 18
Local textile industrialists have demanded a national textile policy to give a boost to the sector
and make it globally competitive. They rue that Union Minister Smriti Irani had organised scores
of meetings to prepare the policy and demanded representations from them, but nothing came
out of the whole exercise.
Members of the Textile Merchants Association (TMA) said the Centre had not announced the
textile policy which has been pending since 2016. Members of the TMA demanded that the New
National Textile Policy should be framed to meet requirements of textile manufacturers falling
under the MSME.
Deepak Khanna, president of the TMA, said the government lacked the vision to bring in
dynamic changes in textile manufacturing.
“We definitely need to replace 22 lakh power looms with shuttleless looms but at the same time
it is required to revive handlooms which have immense scope to produce export quality cloth”.
Citing his personal example he added that he installed a couple of looms but was unable to find
expert artisans to operate them.

Abroad:
1. Pakistan textile firm owners threaten protest over delay in clearance of imported
cotton
ANI | 21 January, 2023
Karachi [Pakistan], January 21 (ANI): The textile firm owners in Karachi have threatened to
stage a protest over the delay by authorities in the clearance of cotton containers in an
indication of problems in a sector in Pakistan that provides employment to a large number of
people. Pakistan is already struggling to boost its depleting foreign exchange reserves.
Geo News reported citing The News that the protest has been threatened due to the delay in
the clearance of imported cotton containers at Karachi port. (Source: https://theprint.in)

2. Strong Week In Cotton Ends On Friday Gains

Fri Jan 20,
Cotton futures rallied on Friday to close near the week’s highs. Front months settled 227 to 331
points higher on Friday, with March up by 446 points for the week. March cotton got to within a
penny of the December 21st high. 
The weekly Classings update had 270k bales of upland cotton and 21k bales of pima classed
during the week for a season total of 13.562m bales.
The weekly Commitment of Traders report showed cotton speculative traders flipped to net
short during the week of 1/17. The group’s net new selling flipped the group from 9.1k contracts
net long to 1.9k contracts net short. Commercial cotton hedgers lifted 6.3k short hedges for a
31,476 contract net short as of 1/17. 
USDA’s FAS reported cotton export bookings were 209,435 RBs during the week that ended
1/12. That was a near 3x increase from the week prior, but was still down 23% from the same
week last year.

3. DTN Closing: Cotton Closes Friday Sharply Up

Keith Brown | DTN Contributing Cotton Analyst
20 Jan 2023
Cotton was materially higher Friday as a much-improved export sales spurred the market.
Combining both crop years, net sales were 235,000 bales, which is an amount not seen in many
weeks. China was the dominant buyer with 55,000 bales.
Shipments were much stronger as well. In addition, the energy complex was demonstratively
higher Friday. There is an underlying mood that once China clears peak COVID, its economy
should quickly recover.
Friday afternoon the CFTC will update the position status of the managed-money funds. At last
count, they were net long with about 9,110 contracts.
Next week, the market will see new exports data on Thursday, as well as the Q4 GDP Report.
Also, China will be "closed" next week celebrating Lunar New Year. It is expected that COVID
infections will dramatically ramp higher due to the mixing and mingling of the traveling
population.

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
accuracy of the information it contains. You are therefore, requested to verify this information before you act upon it by calling
AIFCOSPIN,Mumbai Office. By receiving, accessing and accepting this weekly bulletin , you agree that AIFCOSPIN,Mumbai will
not be liable for any direct or indirect loss arising from the use of the information and the material contained in this bulletin.
The copyright in the material contained in this weekly bulletin belongs to and remains solely with AIFCOSPIN,Mumbai . Your
access and acceptance to it does not imply a license to reproduce and/or distribute this information and you are not allowed to
any such act without the prior approval of The All India Federation of Co-Operative Spinning Mills Ltd., Mumbai