Home / Knowledge / News / Textiles / ICE cotton sees lowest settlement in nine months on Friday
ICE cotton sees lowest settlement in nine months on Friday
Oct '13
ICE cotton continued its sell off this week with market posting the lowest settlement in more than nine months on Friday.

The December contract settled at 79.08, losing over 400 points over the course of the week. Harvest pressure of the northern hemisphere and a weak demand for the physical fiber contributed to the falling market.

The delayed USDA export report released Thursday for the week ending October 3rd showed that new sales upland and pima combined for the week were a decent 142k running bales, but cancellations of nearly 67k bales out of Turkey slashed the number by almost half.

Growing U.S. cert stocks is another contributing factor, with the current stock level of over 110k bales and almost 48k bales in waiting review.

Technicals are looking very bearish as we easily broke through and are now trading below the long term support level established at the beginning of the year. The market is looking oversold, and is due for a rebound, but the short term trend continues to look negative.

Prices start to look competitive enough to attract physical demand and mill fixations, which will provide some support for the market. Carry has come back to the market with a spread of 150 points between December and March contracts, and it’s likely to widen out further in the near future.


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

Saket Garg
Garg Corporation

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

Yashiki Gumber
Sahiba Fabrics

Fabric does not restrict us from fashion trends

Karan Suratwala
Key Textile Accessories Private Limited

Chinese imports are destroying the supply chain

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Kerem Durdag
Biovation II LLC

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

Eric Scholler

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

Mike Hoffman
Gildan Activewear SRL

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

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Sonam & Paras Modi

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


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