Home / Knowledge / News / Textiles / ICE cotton futures close at three digit gains last week
ICE cotton futures close at three digit gains last week
30
Dec '13
It was a shortened trading week due to the Christmas holiday, and ICE cotton futures started the week non eventful, but finished it with three digit gains. The H4 contract topped over 85 cents and reached a two and a half month high during the morning trading hours.

Physical activities were decent for the week ending December 19th which supported market rally, but news out of China suggests that the country plans to end its current stockpiling program and replace it with direct subsidies to the farmers, which should negatively impact the global cotton prices.

2013 is coming to a close and the big story has to be U.S. equity markets which made their first significant rally since the credit bubble popped in 2008.

This created some shifting of investments to take place, moving funds away from safer less volatile sectors such as treasuries and commodities. There is also a global shift of foreign currencies heading south which should push the unappreciated USD higher as we go forward. That will continue to weigh on commodities long term.

Some commodities are more inflated than others but cotton for the most part has limited down side since cost of production has risen significantly in the last 5 years. The upside is also limited based on China's large reserve stocks. So based on the current situation, don't expect any big changes for cotton in 2014.

Ecom USA

Must ReadView All

Apparel/Garments | On 23rd May 2017

Gap Inc earns $3.4 bn in net sales in Q1 FY17

Gap Inc's net sales for the first quarter of fiscal year 2017 were...

Textiles | On 23rd May 2017

Grasim's VSF business net revenue up 12% in Q4 FY17

The viscose staple fibre (VSF) business of Grasim Industries has...

Apparel/Garments | On 23rd May 2017

Apparel, footwear use may rise by 63% in 2030: Report

The apparel and footwear consumption is projected to rise by 63 per...

Interviews View All

Pinkesh Jain
Everflow Petrofils Ltd

‘An innovative technology which India needs desperately is the...

Giovanni Pizzamiglio, Paolo Crespi & Riccardo Robustelli
Epson, For.Tex & F.lli Robustelli

‘The percentage share of printing in the global textile market is pretty...

Sunil Kumar Sharma
Loknayak JPNSSSG Ltd

'The blend of cotton–linen yarn has high demand in the domestic and...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Ritu Kumar
Label Ritu Kumar

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

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:
May 2017

May 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