Home / Knowledge / News / Textiles / ICE Cotton trends recoups last week's losses
ICE Cotton trends recoups last week's losses
08
Feb '14
ICE Cotton reversed last week’s losses and finished the week on a strong note, settling at 87.47 c/lbs basis the H4. Rising cert stocks (now at 217k bales) have failed to slow the market as US export sales continue to grow, making it extremely likely that the USDA will raise 13/14 exports in Monday’s S&D report; estimates range from 10.7 to more than 11.0 million bales. 
 
Importantly, shipments picked up this week to 359k bales, which is more significant even than the headline sales number.
 
Unfixed on-call sales remain supportive, and it is now obvious that US ending stocks will be very thin this year – demand rationing is needed. New crop may be another story, and US planting will undoubtedly increase. The market will get its first major new crop estimate from the NCC meeting in Washington DC.
 
Global asset markets started the week as they’d ended the last – sharply lower – but by week’s end the sell-off has slowed and some investors begin to buy at cheaper valuations. The US payrolls report for January disappointed, but the S&P rose anyway as the weak number inspires hope (in some corners) that the Fed will slow the pace of tapering. 
 
In Europe, the ECB this week acknowledged volatility in emerging markets, something the Fed has not done, while Australia seemed to have turned a new leaf with the Reserve Bank indicating that rates would hold for now. 
 
Despite recent volatility, there does not look to be a full-blown crisis at present, which may have been the catalyst for some commodities to stage sharp rallies this week, having been oversold before.
 

ECOM


Must ReadView All

Sri Lanka to set up 150 mini apparel units

Apparel/Garments | On 23rd Nov 2017

Sri Lanka to set up 150 mini apparel units

A mini apparel factory was opened recently at Sri Lanka’s Menik Farm...

Egypt keen to boost ties with India in MSMEs, textiles

Textiles | On 23rd Nov 2017

Egypt keen to boost ties with India in MSMEs, textiles

Egypt is eager to boost cooperation with India, particularly in the...

India begins review of anti-dumping duty on caustic soda

Textiles | On 23rd Nov 2017

India begins review of anti-dumping duty on caustic soda

The Directorate General of Anti-Dumping & Allied Duties (DGAD), under ...

Interviews View All

Victor Chao
Esmetex

‘In future, clothing boundary lines will become increasingly blurred.’

Top executives
Textile & apparel bodies

The decision is transformational

Marazban F Velati
Sutlej Textiles & Industries limited

No training can be effective till the candidate believes in it.

Liz Manning

<div><b>Liz Manning</b>, Business Development Manager at Catexel, has...

Harsh Shah

Established in 1956 with a small beginning, Embee today manufactures a...

Sugandha Bhardwaj

<div>New Delhi-based Brinjal Designs Pvt Ltd manufactures home furnishing...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Kai Poehler
Voith Paper GmbH & Co. KG

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

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

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


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

November 2017

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
68.5%
No
12.4%
Skip
19.1%

Total Votes: 89

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
61.8%
No
30.3%
Skip
7.9%

Total Votes: 89

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
86.5%
No
10.1%
Skip
3.4%

Total Votes: 89

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
80.9%
No
9.0%
Skip
10.1%

Total Votes: 89


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