Home / Knowledge / News / Textiles / ICE Cotton Futures show well established trends
ICE Cotton Futures show well established trends
04
Aug '14
After another week of declines, the 12th of the last 13 weeks, the trend is more than well established. December settled the week at 63.27 down another 208 points on the week. Right now the mills are content with prices coming down, while the producers are feeling the pain of being long in a falling market.

The trick is figuring when this market will finally turn around and no one is keen on trying to catch a falling knife. Last week we mentioned the Oct 2009 low of 59.64 as a possible point of attraction for the market price and that price looks much more attainable after this week of trading; however, market studies indicate that cotton is over-sold at these levels.

There was some sharp buying around to bring the market up. Could just be some specs taking off their shorts to get some weekend beer money but it could indicate more. Next week will give us a much better indication of where we are headed.

Futures and options trading were higher this week than in weeks past. Options volumes have been especially high with trade volumes equal to or surpassing that of futures; however, the majority of these options have been crosses and not traded openly on the market. We can’t gain too much market information from these trades but they do indicate that there are some big players moving their positions around.

ECOMUSA

Must ReadView All

Textiles | On 29th May 2017

Special package creates 7,50,000 jobs in garment sector

The special garment package of Rs 6,000 crore that was introduced by...

Md Siddiqur Rahman, president, BGMEA, addressing a press conference with other dignitaries. Courtesy: BGMEA

Apparel/Garments | On 29th May 2017

BGMEA asks govt for 5% incentive for 2 years in Budget

The Bangladesh Garment Manufacturers and Exporters Association...

Textiles | On 29th May 2017

Tintex, Bruckner bring new effects to knitted fabric

The textile company Tintex has joined hands with the system supplier...

Interviews View All

Priyanka
Studio Priyanka Rajiv

‘To reinvent the age-old tradition of embroidery to suit demographics and...

Sanjay Yagnik
Maa Tex Speciality

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

Jim Desai
Blaiva Fabricaa

Fashion industry likely to remain labour-intensive in coming years

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Marcel Alberts
Eurofibers

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

Larry L Kinn
Suominen Corporation

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

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

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

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