Combine first 6 ingredients in a Dutch oven. Cook over medium- high heat, stirring occasionally to dissolve sugar.
Place cloves and cinnamon on cheesecloth. Bring edges of cheesecloth together at top and tie securely to form a small bag. Drop spice bag into simmering cider mixture; continue to simmer 10 minutes, stirring occasionally. Remove spice bag; pour cider into a heat-proof punch bowl.