Home / Knowledge / News / Textiles / ICE futures bounce back this week
ICE futures bounce back this week
Jun '13
ICE futures rocketed back above 85.00 this week as a 7-handle on the front contract prompted strong buying interest from physical traders. US exports were strong this week despite the dwindling amount of available cotton for sale, and foreign growths have been selling rapidly into China as well. 
US plantings accelerated this week and western Texas got more rain, while China is contemplating major changes to its cotton market policy (likely in 14/15 rather than 13/14). Nonetheless, the long talked about limited availability of cotton in the world ex-China in Q3 is finally materializing, which should support the market.
The US May jobs report came out this morning and it was moderate enough to prompt a bounce back in equities, which had been selling off of late. The jobless rate went up enough to slow down the idea that the Fed will begin “tapering” (slowing asset purchases) this summer – as always, their policies are dependent on future readings of the economy. 
“Abenomics” has temporarily fallen out of favor with the yen climbing again and the Nikkei losing most of its recent gains. While the sugar high could yet continue for a while, the beginning of the end seems to be within view 


Must ReadView All

Union textiles minister Smriti Irani addressing at the Texprocil Annual Export Awards. Courtesy: PIB

Textiles | On 22nd Oct 2016

Govt to extend special package to home textiles segment

The Central government is likely to extend the recently approved Rs...

Reebok Liquid Speed Grey. Courtesy: Business Wire

Apparel/Garments | On 22nd Oct 2016

Reebok’s Liquid Factory brings sneaker creation to US

Reebok, a pioneer in the sporting goods industry, has brought sneaker ...

Opening ceremony of the new UL Vietnam laboratory. Courtesy: Business Wire

Textiles | On 22nd Oct 2016

UL opens first testing laboratory in Vietnam

UL, a global safety science organisation, has officially opened its...

Interviews View All

Amrit Sethia

‘The intimatewear category in India is slowly becoming trend-sensitive.’

Divyesh Mashruwala
Akshar Industries

Surat dominates foiling, embossing and pleating

Victor Chao

‘In future, clothing boundary lines will become increasingly blurred.’

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Sonam & Paras Modi

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

October 2016

October 2016

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Browse Our Archives


Advanced Search