Home / Knowledge / News / Textiles / ICE Cotton trends stay nearly unchanged this week
ICE Cotton trends stay nearly unchanged this week
22
Feb '14
ICE Cotton traded near unchanged for the week at 88.35 c/lbs basis the K4 contract. Widespread discussion about pending fixations against on-call sales led mills to fix or roll in an orderly fashion, and it’s likely that no large stopper emerged due to concerns about the N/Z invert and the absence of an attractive H/K spread. 
 
This helped avoid any fireworks this week, and the H4 contract will most likely not see the bulk of the cert stocks change hands. 
 
The tension between current and new crop will continue as the K and N contracts play out. USDA export sales for current crop finally slowed to 71k bales, while new crop buying picked up to over 200k due to an attractive Z4 price and exports were strong again at 325k. 
 
The USDA’s top economist predicts 14/15 US area at 11.5m acres, slightly above the NCC number of 11.26m, with much yet to be determined in terms of soy area and cotton abandonment. Policy rumors continue in China.
 
In the broader markets, this week was notable for the surge seen in many commodity markets. Coffee, in particular, exploded higher on Brazilian weather concerns and gains were seen too in WTI oil (two-year highs), soybeans, and sugar. 
 
Meeting minutes from the Fed’s January meeting showed a commitment to continue reducing stimulus while leaving rates unchanged for the forseeable future. Japan’s central bank committed itself to further easy policy, while in China the flash PMI for February projected lower-than-expected economic activity and the RMB softened slightly against the USD. 
 
The week’s most memorable feature though lies more in the political than the economic realm, with unrest in Ukraine, Venezuela and Thailand likely to have longer-lasting repercussions in those markets.
 

ECOMUSA


Must ReadView All

Vietnam’s textile & garment exports earn $7.3 bn in Q1

Textiles | On 20th Apr 2018

Vietnam’s textile & garment exports earn $7.3 bn in Q1

Vietnam earned $7.339 billion from textile and garment exports in the ...

Uganda yet to exploit AGOA benefits: US envoy Malac

Apparel/Garments | On 20th Apr 2018

Uganda yet to exploit AGOA benefits: US envoy Malac

Uganda is yet to take full advantage of the Africa Growth and...

Courtesy: KBR, Inc

Textiles | On 20th Apr 2018

KBR completes KPIC’s ethylene plant revamp project

KBR, Inc. has successfully completed the ethylene plant revamp...

Interviews View All

Sanjay Yagnik
Maa Tex Speciality

‘We suggest reducing dosage of sizing chemicals to reduce sludge...

Nitin Soni
Dolphin Jingwei Machines

Taxation policies need to be made simpler

Representatives
Textile & apparel industry

GST is a complicated and lengthy process

John Kelley

Textile Events is one of the largest textile fair in the United Kingdom,...

Harmeet Singh

New Delhi-based Jogindra Industries Private Limited provides an assortment ...

Harsh Shah

Fynd is the central online shopping destination for fashion, offering...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Suresh Patel
Sidwin Fabric

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

Marcel Alberts
Eurofibers

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

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Mike Hoffman
Gildan Activewear SRL

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

Igor Chapurin
Chapurin

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

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

Leave your Comments


April 2018

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
69.9%
No
12.6%
Skip
17.5%

Total Votes: 103

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
63.1%
No
29.1%
Skip
7.8%

Total Votes: 103

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
87.4%
No
8.7%
Skip
3.9%

Total Votes: 103

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
82.5%
No
7.8%
Skip
9.7%

Total Votes: 103


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