Cottonist (Pvt.) Ltd. is an agency based in Dhaka, Bangladesh. Our main product is raw cotton & man made fibers. We sell and service these products into the Asian markets. Our company aims to mitigate differences between buyer and shipper by adding maximum value through information and education where necessary to make the supply chain function better.

We have decades of combined experience in the field of cotton including from the grower to spinner and almost every aspects within it. From the inception this company has started as a weekly tabloid to share local market's information with buyer & shippers. Now a days we are enjoying a good market share of imported raw cotton selling into Bangladesh. In the course of time we have developed a sales team consists of highly educated and professional people, who are well accepted in the Bangladeshi market and are considered expert in the technical matters of a cotton agency business.


Our Commitment

We offer our consumers a wide choice of cotton.

We assess counter-party risk continuously through close follow up.

We can advise buyers and sellers on market conditions.

We commit ourselves to high principles & act impartially with professionalism.

Offer

Daily Raw Cotton Offer
Wed 23 Sep, 2020


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Reports



GLOBAL

Cotton


The cotton market was lower Tuesday as bearish speculators began to perhaps rebuild their net short position, as one time this year, speculators were net short over 49,000 plus contracts. Afterwards, they pared that slanted net short position of 24,000 contracts and remain net short through Tuesday.Tuesday, December cotton settled at 61.32 cents, down 0.51 cent, March ended at 62.03 cent, down 0.54 cent and December 2020 settled at 64.19 cents, down 0.63 cent. Estimated volume was 24,254 contracts.

Textile mills have appetite for contamination-free cotton
Consistency in quality and contamination-free cotton are much sought after by global cotton mills.Free of plastic contamination, objective quality evaluation and consistency are the characteristics, which provide a premium for cotton according to global experts who are touring the United States of America as part of Cotton Council International sponsored program.Cotton sector to get a handle on the plastic contamination, improving the strength and length of cotton and timely delivery of cotton.

BANGLADESH

Cotton


Attractive price sighted at sight:

Tanzania 1.1/8" 28gpt @ 74.25 usc/lb

Shankar-6 29mm 29gpt @ 76.00 usc/lb

Zimbabwe 1.1/8" 29gpt @ 70.65 usc/lb



Cotton futures stayed within a fairly tight range since Thursday, Sept. 19. Prices rallied Friday and Monday, climbing to 61.67 cents per pound before falling back toward 60.00 cents. Prices made a few attempts to fall below 60.00 cents, reaching an intraday low of 59.63 cents on Wednesday. However, late session buying seemed to hold closing prices above 60.25. The December contract settled at 60.28 cents per pound Thursday, 5 points lower on the week. Average daily volume was rather low all week, but open interest managed to increase 3,504 contracts to 234,295.Although export sales have been lower than many would like to see, the volume of new sales was within seasonal norms for mid-September, and shipments were actually higher than in most recent years. Net new Upland sales in the week ended Sept. 19 were 155,200 bales, and the top buyers were Pakistan (35,400 bales), Guatemala (30,300) Vietnam (19,800), Colombia (16,200) and even some to China (14,400). Outstanding (unshipped) sales total 6.96 million bales, which is less than last year’s 7.79 million bales at this point in the marketing year but is still very high by historical standards. Accumulated Upland exports, on the other hand, are now 1.60 million bales versus 1.21 million at this point last year. While rumors of more cancellations remain in the market as they have for many months, the export sales data is still on track for USDA’s current 16.5 million bale export forecast for the 2019-20 marketing year.



International cotton prices traded higher during September, mainly in response to a short-lived rally in New York futures, before relinquishing some ground to end only modestly firmer on balance. The Cotlook A Index began the month just above 70 US cents per lb, and rose to a high point of 73.7 cents per lb mid-month, its highest level since early August. The Index then staged a reversal before stabilising late in the period, to end at 71.80 US cents per lb.Mill demand generally remained limited during the month, in the absence of a clear price direction. Faced with poor downstream demand and a lack of confidence in the trading outlook, spinners concentrated predominantly on cotton for delivery in the fourth quarter, and directed demand towards cheaper lots, including US ‘recaps’ and Brazilian low grade lint. The major exception to the somewhat dull pattern of trading was Pakistan, where a sharp depreciation of the domestic production outlook resulted in a flurry of buying interest for imported growths during recent weeks.Demand in China was thus directed predominantly towards the substantial volume of cotton still available from the domestic 2018/19 crop or supplies available via the 2019 State Reserve auctions. This year’s series ended on September 30, having disposed of almost one million tonnes of lint acquired by the government between the 2011/12 and 2013/14 seasons. Cotlook’s calculations suggest that slightly under two million tonnes now remain in government warehouses, representing little more than three months’ worth of domestic consumption, some of which is likely to be unsuitable for spinning owing to age and reduced quality. Trade conjecture therefore now centres on State Reserve buying intentions.  Substantial government-sanctioned purchases in order to replenish State Reserve warehouses is one factor with the potential to elicit a shift in market sentiment.For consumption, reductions were made to the numbers for a range of markets, including those on the Indian subcontinent, the US and Indonesia. Spinners remain generally risk averse in the face of a sluggish downstream market and the broader atmosphere of macro-economic uncertainty has done little to allay fears. For the time being, Cotlook envisages growth of just one percent between the 2018/19 and 2019/20 seasons, placing consumption in the latter period at 25,615,000 tonnes. Taking the above adjustments into account, by the end of September a still considerable carryover remained in prospect at the end of the current season, of 916,000 tonnes.

 

Source

 

Our Team


ABID A. KHAN
Managing Director

KASHMI HASNAT
Admin

TANVEER KHAN
Accounts