Home / Knowledge / News / Textiles / ICE cotton trends stay unchanged this week
ICE cotton trends stay unchanged this week
07
Sep '13
ICE Cotton closed almost unchanged on the week at just over 83 c/lbs, as specs continued reducing their long position while the trade bought back hedges against physical sales. 
 
Demand woke up from a range of markets with futures under 84 cents, with China particularly notable in its return to the market and strong sales to a number of countries listed on today’s USDA export sales report. 
 
The policy outcome in China is still uncertain, but at this point it looks that reserve purchasing will begin in the coming week or so, albeit perhaps at a reduced rate and pace, and reserve sales will resume before year end, but without the 3:1 quota issued in previous rounds. 
 
The release of the US August Jobs report fell short of expectations at 169k jobs created. Although the jobless rate decreased, this was due (as in recent reports) to declines in the number of people actively looking for work. 
 
The emerging market currency sell-off that dominated headlines last week took a pause this week, although longer-term concerns remain. 
 
The world’s attention also remains on whether and how the US will attach the Syrian government, with President Obama looking increasingly likely to win the backing of the US Congress in the endeavor.
 

ECOM USA


Must ReadView All

Apparel/Garments | On 24th Jun 2017

JD enters into strategic partnership with Farfetch

E-commerce giant, JD, China's largest retailer, and Farfetch, the...

Textiles | On 23rd Jun 2017

Textile ministry organises training workshop on GST

The ministry of textiles had organised training workshop on GST which ...

Apparel/Garments | On 23rd Jun 2017

Uware Brands into licensing agreement with Polaroid

Uware Brands has entered into a licensing agreement with Polaroid for ...

Interviews View All

Evelyne Cholet
UCMTF

‘France had a reputation of being big in new ideas, but poor in marketing...

Saket Garg
Garg Corporation

The biggest challenge is lack of skilled workforce and competition from...

Neel Sawhney
One Friday

‘The share of kidswear segment in the online sector is still small in...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

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...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

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

news category


Related Categories:
June 2017

June 2017

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

SUBSCRIBE


Browse Our Archives

GO


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