Cotton Market Confronted with Strong Volatility (Weekly Report)

The New York's market looked crazy in the last week, being affected by an extremely high volatility in prices. U.S. futures finally returned to their previous levels after sharply sliding on Thursday and Friday. Physical prices were disconnected from such a maelstrom in absence of demand from spinners. Domestic prices continued rising in Pakistan while being mixed in India and slightly progressing in China. New York's influence may fall in the near term if speculation continues affecting the global price system.

Source: emergingtextiles.com