Wednesday 4 May 2016

EPIC RESEARCH NCDEX COTTON UPDATE OF 04 MAY 2016

Cotton trading range for the day is 17313-17753.
Cotton prices dropped on profit booking after prices seen supported due to improved demand from traders and stockists
China’s NRCD has announced that they would begin selling a portion of China’s estimated 58 mln bales of reserve stocks beginning in early May.
Cotton supplies in Indian spot markets fell 12 percent from a year ago to 28 million bales between October and March.
Cotton prices in spot market gained by 110.00 rupees and settled at 16920.00 rupees.
For more information ✆ – 0731-6642300 or Visit http://www.epicresearch.co

No comments: