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

Pakistan govt notifies 50% duty drawback on exports

Textiles | On 21st Oct 2017

Pakistan govt notifies 50% duty drawback on exports

The Pakistan government has notified the ‘Duty Drawback of Taxes...

Ghana sets up task force to clamp down on textile piracy

Textiles | On 21st Oct 2017

Ghana sets up task force to clamp down on textile piracy

Ghana’s ministry of trade and industry has set up a taskforce to...

Courtesy: Coach

Fashion | On 21st Oct 2017

US company Coach to change name to Tapestry from Oct 31

Coach Inc., a New York-based house of modern luxury accessories and...

Interviews View All

C Kamatchisundaram
Voltas

ITME is an occasion not only to receive new leads but also to work on...

Riddhika Shah
SS Homme

'Worsted wool is the ideal fabric for menswear'

Mohammad Mamun Ar Rashid
UL VS Bangladesh Ltd

Productivity, creativity and innovation play a vital role in the growth of ...

Harsh Shah

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

Rikesh Mistry

Jupiter Comtex Pvt Ltd, established in 1973, started its textile machinery ...

Hardik Sanghvi

Idealin Fogging Systems has been engaged in designing and manufacturing...

Marcel Alberts
Eurofibers

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

Giorgio Mantovani
Corman S.p.A

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

Marten Alkhagen
Swerea IVF AB

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

Sidharth Sinha
Sidharth Sinha

<b>Sidharth Sinha</b> has contributed to the successful rebirth and...

Karan Arora
Karan Arora

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

Pranav Mishra
Huemn

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

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

October 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
77.1%
No
12.9%
Skip
10.0%

Total Votes: 70

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
61.4%
No
28.6%
Skip
10.0%

Total Votes: 70

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
85.7%
No
10.0%
Skip
4.3%

Total Votes: 70

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
75.7%
No
11.4%
Skip
12.9%

Total Votes: 70


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