Frequently Asked Questions
Cottonquotes Secured PDFs
How do I access my Cottonquotes file?
Windows users: Click on the green, Cottonquotes download file button and ‘Save’ the Cottonquotes file to a convenient folder on your computer (preferably do not use the “Open with…” option if this is provided as this may just provide a temporary file that will probably disappear next time you try and access it!). If you are using Firefox or Chrome, and the file downloads automatically, it is best to click on the down arrow next to the file name and select “show in folder” and then move the file to a convenient, permanent folder such as \My Documents.
Mac users: The procedure described for Windows users may work for your Mac, but the following is more reliable: Start Safari and go to the Windows menu, Downloads option. This opens the Downloads window. Then select the download link from above (hold the left mouse button down rather than clicking the link) and drag the link to the Safari Downloads window. When you do this a green + icon will appear as the link is dragged onto the Downloads window. You can then let go of the mouse button and the file will be downloaded and appear in your Downloads folder.
If you still have problems with downloading the file, start Javelin, select the file menu, Download file… option and DRAG the link shown above to the input field. The file will download and ask if you would like to open it.
All users: The next step is to locate and ‘Run’ Javelin (e.g. from the icon on your Desktop). Using Javelin’s ‘File’ menu, select ‘Open’, navigate to the secured pdf you have just saved to your computer, highlight it and then click ‘Open’.
A dialog box pops up and you will be prompted for the secured pdf’s ‘Authorization code’ this was the code previously provided to you by our subscriptions department. Copy the code for the service in question and Paste it into the field provided and press OK (you must have an internet connection available at this point). You only need do this the first time you open the service.
To open your subscription service subsequently simply use the File menu in Javelin where the recently used files list will show the last few files that have been opened. Click on the one you want to open it again.
Where can I get the Javelin PDF reader from?
PC/Mac OSX users
Use your Internet browser to download the special “Javelin” PDF reader for your Windows PC or Mac computer from
Select the version you require from the links provided and then choose the “Save File” or “Save” option if prompted – follow the instructions on the web page to install the appropriate reader.
For Windows users, simply run the downloaded javelinsetup.exe file by double-clicking it – ignore the typical Windows warning messages about exe files! The reader will be installed and links to Javelin provided on your Desktop and Start menus.
For Mac computers simply download the .dmg file and double click it to enable the file – the Javelin menu will be shown at the top of your screen when the program is active.
How can I print a copy of Cottonquotes for my records?
Once the Secured Service goes live, Cottonquotes will be non-printable for 48 hours after publication. After 48 hours you can go back to our website and download a secure, printable version for your records. After three months, secure files are replaced on the website with standard PDFs for archive purposes.
Can I use my code on more than one device?
You can use your code on two devices, typically a PC and a mobile device such as an Android phone, iPad or tablet.
I have forgotten my code
Send us an email at email@example.com and we can provide you with a code reminder.
My internet connection is through a large corporate network, what should I do?
If you wish to use Javelin on a PC or Mac connected to a large corporate network please contact us for further information. We recommend that the following link is added to your corporate proxy server list in order to enable access to our DRM web service: http://www.drumlinsecurity.co.uk/Service.asmx then access our sample file with the code that you have been provided with to check the procedure has worked, if not, please contact us for further assistance.
Can I use Javelin on my iPhone?
A reader suitable for use with Apple iPhone is currently under development and should be available by early March 2015. Watch this space!
Can I use Javelin on my mobile device?
Javelin Reader for iPad and Android can be obtained from the Drumlin Security website here . Simply scroll down to find the appropriate version for your system. A reader suitable for use with Apple iPhone is currently under development and should be available shortly.
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At the log-on page (if you are logged-in, please log-out), click ‘Forgotten Password’ and follow the on-screen instructions. You will receive an email allowing you to change your password.
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How are the Cotlook Indices used?
The Cotlook A Index has long been regarded as the recognized barometer of world prices. It is used by the United Nations Committee on Trade and Development (UNCTAD) as a component of its agricultural price measure.
It has been used since the nineteen seventies as the preferred price measure by the International Cotton Advisory Committee (ICAC), the “United Nations of cotton”, as the device by which that body follows price developments. The ICAC has developed a price-forecasting model which attempts to predict the season’s average level of the Cotlook A Index as a guide to its member countries.
Since 1985, the Cotlook A Index has been the principal ingredient of the US Commodity Credit Corporation’s Upland ‘marketing loan’ (whereby US farmers borrow money from the government with their cotton as collateral, and repay the loan at a lower rate, if a value based on the Cotlook A Index is below the loan value). Since 1990, the US ‘competitive adjustment procedures’ have used the Cotlook Indices in order to determine additional payments to US domestic mills and exporters. From June 2008 these values referred to C/F Far Eastern values. The second of these procedures, known as ‘Step 2′, was withdrawn in July 2006.
Following the break-up of the Soviet Union, Uzbekistan’s Ministry for Foreign Economic Relations and equivalent bodies in some other Central Asian republics have determined their export selling prices by reference either to the Cotlook A Index or an average of the A Index and its Uzbek component. The A Index has also been used to establish prices payable to farmers in some of those countries.
The foregoing are a few examples of how the A Index is used. Reference to the A Index in establishing prices can be found in many other countries, stretching from Latin America to China. In China, several studies conducted by Beijing University on behalf of the government have employed the A Index in one way or another.
Why an Index?
The international cotton market is dependent on the New York futures market, which is, without a doubt, the principal tool for hedging price risk and price discovery. However, only US cotton is tenderable against the New York contract and, at times, history has demonstrated that divergences can arise between New York, which is subject to speculative influences, and actual cotton values. This is where the Cotlook A Index has played a vital role in portraying price trends over the years. The A Index and New York tend, over the long term, to move in a similar direction but there have been significant deviations, with New York sometimes trading above or below the Index. The Cotlook A Index is a price barometer and is proved to have become a useful indicator of where values are on the day. For part of any year (starting in about March through to July 31), two values are produced, one to reflect nearby shipment offers, the other to indicate Northern Hemisphere new crop values.
Why a Middling descriptions?
The bulk of the world’s major cotton crops produce cotton that falls into this quality category and it is therefore the most representative quality of the cottons traded internationally. Certain markets are admittedly dependent on higher quality description to meet their spinning requirements. These cottons include Australian, Californian, some Central Asian and some West African. But the price differentials between such cottons tend to be wide, since other factors come into play, such as even-running quality, nep content, strength and bale packaging, amongst many others. Californian Acala SJV and some Australian cottons command a significant premium over other competing origins. These premiums are typically well established and familiar to most buyers and sellers of cotton. They are fully reported by Cotlook in our Cottonquotes service.
This service also reports prices for lower grade cottons, as well as extra-long staple cotton values.
Use of a Middling quality gives the broadest possible scope to the growths eligible for the A Index and therefore assures its reliability as the prime indicator of world cotton prices.
When were the Cotlook Indices first introduced?
Cotlook Limited and its predecessors have been monitoring world cotton prices for some eighty years. In 1966, the Cotlook A Index was introduced. It has gone through many changes over the years, to reflect changing patterns of trade and cotton qualities. It began as a SM 1-1/16″ value but is today a Middling 1-3/32″ price.
What is Beijing Cotton Outlook?
Established in 2004, Beijing Cotton Outlook is a joint venture between the China Cotton Association, the umbrella organisation of the China cotton industry, the China National Cotton Exchange (CNCE), the body responsible for spot auctions of government reserves and e-trading for forward delivery, and Cotlook Limited. Beijing Cotton Outlook, with full access to Cotlook’s resources, is a vehicle for providing unrivalled information in Chinese to China’s domestic cotton and textile industries. Cotlook publishes Beijing Cotton Outlook’s comprehensive information about developments in China in other languages.
What are the Cotlook Indices?
The A Index began as a CIF Liverpool value in the days when the UK still retained a sizeable spinning industry. It later became a CIF N. Europe value, as the industry in the UK fell into decline. Most recently (with effect from August 1, 2004) the A Index changed emphasis by representing offering prices based on CFR Far Eastern main ports terms. An Index based on CFR Far Eastern values has been compiled and published since March 2003.
Today, the Cotlook A Index is compiled from the cheapest five offering prices to mills of a basket of growths (currently 19), on the assumption that these are likely to be the cottons most frequently traded on the day in question. The mechanism of averaging the cheapest quotations has been proved to be a reliable method of calculating the Index over its lifetime of close to fifty years
How do I subscribe to any of Cotlook’s services?
Please contact our subscriptions department at firstname.lastname@example.org.
How do I advertise in Cotlook’s publications?
Advertising enquiries are welcome. Please contact our advertising department at email@example.com.
Are real time feeds available for New York futures?
Subscribers to Cotton Outlook’s services* enjoy free access from our website to our 30-minute delayed feed from ICE cotton futures but did you know that you can upgrade to ‘real time’? The only extra cost is to cover the mandatory fee payable to ICE, which will be quoted to you on request.
The ticker refreshes automatically every minute, but can also be manually updated more frequently.
A link to Interactive Data’s ‘ real time FOREX feed is also available.
*certain exceptions apply
What is the Cotlook Special Edition?
Cotlook’s Special Edition is published to coincide with the Annual Plenary Meeting of the International Cotton Advisory Committee and focuses on issues affecting the raw cotton and textile trade in the country or region where the meeting is held. The inaugural issue was in 1992 when the ICAC met in Liverpool. The Special Edition is circulated free of charge to Cotlook Subscribers and to those who attend the ICAC meeting.
What are the Cotlook Special Features?
Periodically, throughout the year, Cotlook publishes Special Features, which focus on an individual market or topic of interest. An example is the Long Staple Special Feature, which is published annually around the middle of the year. Cotlook Special Features, published since 1997, are available free of charge to Cotlook subscribers but can also be purchased individually. For details please visit the Shop on our website or contact our subscriptions department at firstname.lastname@example.org.
Are Cotlook’s services available on public holidays?
It depends on whether it is a public holiday in the UK, the US or China. Cotlook Daily is not available on the following dates in 2014, though important stories may still be found on the website:
|Jan 1||Jan 1|
|Apr 18||Jan 20|
|Apr 21||Feb 17|
|May 5||Apr 18|
|May 26||May 26|
|Aug 25||July 4|
|Dec 25||Sep 1|
|Dec 26||Nov 27|
Cotlook Cottonquotes is not available on the above dates shown for Liverpool.
Does Cotlook monitor cotton yarn prices as well?
Apart from weekly reports in our Cotton Outlook, some of which contain yarn price information, we aso publish the Cotlook Yarn Index. The Index is designed to monitor movement in yarn prices and is derived by calculating an average from a set of FOB prices for ring spun carded 20’s and 30’s from five origins (weighted to reflect exports of all yarns from each individual country) and is expressed as a percentage of the comparable value for 2005.
Is Cotlook engaged in cotton trading?
Emphatically not! Cotlook’s role is to monitor and report the A Index impartially and accurately. The Cotlook A Index is compiled solely by the staff of Cotlook, who are barred from engaging in any trading activity in cotton. Their integrity has been proven over the five or so decades in which the A Index has been compiled.
What is Cotlook?
Cotlook Limited is a private company that publishes specialised information services related to the cotton industry. It is wholly owned by The Outlook Group Limited. Also within the group is Outlook Consulting Limited, which is engaged in contract consultancy and arbitration services.
Cotlook is the leading commercial provider of international cotton market information and analysis and is the source of the Cotlook A Index. The company’s origins stretch back over ninety years and its staff have developed an unrivalled reputation for their expertise, impartiality and integrity. Cotlook offers services mainly in English, but also provides a weekly Russian-language market summary and translations of certain printed and on-line publications in Chinese. Extracts from its services are available in Chinese via Beijing Cotton Outlook.