Home / Knowledge / News / Textiles / ICE cotton posts solid gains on back of strong demand
ICE cotton posts solid gains on back of strong demand
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.


Must ReadView All

Textiles | On 24th Jun 2017

Applied DNA to tag cotton for 2017/18 US ginning season

Applied DNA, provider of DNA-based supply chain security,...

Apparel/Garments | On 24th Jun 2017

NPD Group launches Trend Tracker for apparel trends

Global information company the NPD Group has launched Trend Tracker,...

Textiles | On 24th Jun 2017

Cotton USA’s first innovation competition in UK ends

Cotton USA has announced the successful close to its first innovation ...

Interviews View All

Stefan Warnaar
Peak to Plateau

People are willing to pay for quality and performance

Mukesh Agarwal & Rajesh Agarwal
Madhuram Fincap Pvt Ltd

Increasing prices and lack of demand main issues facing industry

Pratik Bachkaniwala
Palod Himson Machines

Fabric processing machines are picking up

Marcel Alberts

Coating at a fibre level is a practice not usually seen in the...

Eric Scholler

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

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Sanjukta Dutta
Sanjukta's Studio

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

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

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


news category

Related Categories:
June 2017

June 2017

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


Browse Our Archives


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