Market Movement from 30th Jan 2023 to 04th Feb 2023.
NY March traded all week ups and down all alternate day but in small range of 85 to 87 cent. Better export sales support the price but ultimately close in red. NY March close with loss of 146 points W/W.
Export sales was decent 1,70,000 bales for week. Shipment also improve to 2,20,000 bales.
In India Shankar-6 rate was under pressure and not able to move higher. As daily arrival pace is higher than daily requirement.
Basis were not attractive to get export order but yarn export and domestic demand are improving. It is some supportive signal for market.
In next week arrival will improve.
GUJCOT WEEKLY REPORT 25-MAR-2023
Market Movement from 20th Mar 2023 to 25th Mar 2023.
• NY May prices experienced a weekly loss