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

Courtesy: Myntra

Apparel/Garments | On 3rd Dec 2016

Myntra to be EBITA positive by FY18: CEO Narayanan

Myntra is on track to achieve sustainable growth and be EBITA...

Courtesy: India ITME Society

Textiles | On 3rd Dec 2016

India ITME 2016 opens with over 1050 exhibitors

The India International Textile Machinery Exhibition (India ITME)...

Courtesy: Bruckner

Textiles | On 3rd Dec 2016

Indian textile companies opt for Brückner stenter lines

Indian textile firms Laxmipati Sarees, makers of polyester sarees and ...

Interviews View All

Viral Desai
Zenitex Mill Pvt Ltd

Full of green energy

Anshul Sood
Oceedee

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

Mukesh Agarwal & Rajesh Agarwal
Madhuram Fincap Pvt Ltd

Increasing prices and lack of demand main issues facing industry

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Bani Batra

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

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer Prathyusha Garimella is known for blending...

Sonam & Paras Modi
SVA

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

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
December 2016

December 2016

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

SUBSCRIBE


Browse Our Archives

GO


Advanced Search