Home / Knowledge / News / Textiles / ICE futures bounce back this week
ICE futures bounce back this week
08
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 
 

ECOM USA


Must ReadView All

Textiles | On 22nd Jul 2017

Govt constitutes GST Feedback and Action Room

The Government of India has constituted a Feedback and Action Room...

Textiles | On 22nd Jul 2017

India’s cotton textile exports fell in FY17: Tamta

The overall export of cotton textiles from India declined in 2016-17...

Textiles | On 22nd Jul 2017

Stella McCartney, Bolt Threads partner for eco fashion

Fashion designer Stella McCartney has partnered with Bolt Threads for ...

Interviews View All

Poojaa Kumar Deepak
Zeven

Zeven's performance sports apparel is designed for the Indian body type,...

Anshul Sood
Oceedee

‘Indian footwear market is nascent and largely a trend follower’

Amrit Sethia
SOIE

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

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

July 2017

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Thanks for your valuable feedback. Claim your free latest sustainability e-book.


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search



X