Home / Knowledge / News / Textiles / ICE cotton posts solid gains on back of strong demand
ICE cotton posts solid gains on back of strong demand
28
Sep '13
ICE Cotton posted solid gains on the back of strong physical demand this week, with Z3 gaining over 200 pts to close at 86.69. The selling out of Australian cotton has shifted buyers towards the US, however due to the late crop and smaller harvest in South Texas this year supplies are limited for prompt shipment.

This has led to a lot of inquiry and firmer price ideas, but without as much actual business occurring as would otherwise be the case. US Export sales this week were disappointing, but should increase next week.

Firm prices in Pakistan, flooding in India, a large reduction (-600k MT) to the Chinese crop by the Ministry of Agriculture, a high (8.5m MT) usage estimate from the CCA’s Gao Fang, and a policy speech by an NDRC rep also aided the bullish mindset today.

A US government shut-down due to begin Oct 1st looks to have been averted or at least delayed due to measures taken in Congress today. The Democratic-led US Senate will reportedly put the ball back in the House of Representatives court by moving forward a bill that will temporarily allow the government to remain open and without de-funding “Obamacare.”

How the Republican-led House responds remains to be seen, but we can expect more headlines about this continuing in coming weeks. Next Friday is the release of the US monthly unemployment report, which will be read closely for implications towards Fed tapering at the October and December meetings.

Ecomm

Must ReadView All

Textiles | On 9th Dec 2016

‘Less demand may make it hard to achieve export target’

The $48 billion target for textiles and garment exports for 2016-17...

Courtesy: Gucci/Pantone

Textiles | On 9th Dec 2016

Pantone announces greenery as colour of the year 2017

Pantone, an X-Rite company and the global authority on colour and...

Textiles | On 9th Dec 2016

Heimtextil to host 230 exhibitors from 28 countries

Close to 230 exhibitors from over 28 countries are expected to...

Interviews View All

Riddhika Shah
SS Homme

'Worsted wool is the ideal fabric for menswear'

Akash Khetan
Narayan Tex Fab

I find it hard to find professionals in Surat

Abhishek Ganguly
Puma India

‘As a brand, Puma is always looking for new and innovative ways to inspire ...

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...

Mohammad Hassan
Biax Fiberfilm

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

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

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