Home / Knowledge / News / Textiles / ICE Cotton futures gains almost 100 pts this week
ICE Cotton futures gains almost 100 pts this week
Apr '14
ICE Cotton futures gained almost 100 pts this week basis the N4 to settle at 93.25 c/lbs. Thursday was the soon-to-expire K4 contract’s First Notice Day, which was preceded by a large drop in OI via EFP and EFS transactions, rumored to be either against on-call fixations or the changing of hands of the cert stock, outside of the official delivery process. 
In either case, the K4’s drop versus N4 prior to FND allowed merchants to delay bringing any available supplies to the board. Export sales this week were strong for old crop, the result of motivated sellers of low grades ahead of the inverse, even as basis levels remain challenged and futures attempt to ration demand. West Texas received moderate rain over the last week, but more is needed.
Talk of El Nino reducing the monsoon in India should support Z4 as well. In the macro markets, the Dollar Index remains range-bound just under 80, while the GSCI has leveled out. Grains had a solid week, due new crop weather and, in the case of soybeans, old crop rationing despite continued talk of Chinese cancellations and a ramp up of Brazilian shipments. 
Russia and Ukraine continue to make headlines, but with a more muted impact of late. In Europe, the ECB discussed conditions for further monetary easing, and China announced 80 new infrastructure projects. Tight monetary policy is not yet here.


Must ReadView All

Textiles | On 29th Apr 2017

Textile sector may have uniform GST rate: Irani

The textile sector could have a uniform Goods and Services Tax (GST)...

Textiles | On 29th Apr 2017

EU rules needed to curb textile worker exploitation: MEPs

European Union (EU) rules are needed to oblige textile and clothing...

Apparel/Garments | On 29th Apr 2017

US retail operating growth to be 1.5-2.5% in 2017: Moody's

The forecast for operating income growth in the US over the next 12...

Interviews View All

Stefan Warnaar
Peak to Plateau

People are willing to pay for quality and performance

Anvita Mehra
Confidential Couture

‘It is going to take some time for Indian buyers to get accustomed to...

Rashi Menda

Every fifth sale we make on Zapyle is a repeat purchase

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Eric Scholler

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

Giorgio Mantovani
Corman S.p.A

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

Karan Arora
Karan Arora

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

Sonam & Paras Modi

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Tony Ward
Tony Ward

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

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:
April 2017

April 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