Please fill in your details to download the Table of Contents of this report for free. We also do customization of these reports so you can write to us at firstname.lastname@example.org in case you need any other additional information.
Monday’s supply & demand report by USDA projected a tight supply situation with the US production down by nearly half million stat bales, and ending stocks down by 100k bales. World ending stocks were also down to the extend of over half million bales, and a smaller crop is expected with the biggest drop in China of one million bales.
Open interest in cotton futures and options combined rose by 20% for the week ending August 13th, and both large and small specs increased their net long positions in the commodity with trade taking the short side. Cotton futures are likely to challenge the nearby resistance area around 94 cents in the coming weeks.
The friendly commodity market remained on track moving higher this week. The USDA report served as a stimulus even though there was no huge change in the numbers. However, the technical break out last week kept getting support and we will need to find some heavy producer fixations scale up in order to stomp this rally.
This should come soon but based on the close this week would not be surprised to see some more room to the upside. Equity markets are sliding lower which may apply some pressure but overall we have a lot of uncertainty hanging over the crop. However, mill demand is very quiet so we should see a correction sooner than later.
| On 28th Oct 2020
The ascent to a full economic recovery will likely be long, uneven...
Pakistan's value-added textile exporters have urged the government to ...
| On 28th Oct 2020
During 2019, C&A avoided more than 116,000 metric tons of greenhouse...
One thing is certain, online sales will go up
Indian fashion industry
Cotton consumption will keep growing in the Indian fashion industry
Sustainable fashion is also ‘slow fashion’
Switzerland-based Sensient Imaging Technologies is a pioneer with a global ...
Germany-based Gmöhling is a leading manufacturer of aluminium containers...
Germany-based Textechno is one of the leading manufacturers of testing...
Mr Ambrose Chan
DSG International (Thailand) PLC
Suominen Corporation is a manufacturer of nonwovens as roll goods for...
German company Dilo Group is one of the leading equipment suppliers of...
Artisan Saga, founded by Kaushik Rajani and Seema Agrawal, is an online...
Golfwear and menswear brand Devereux is set for greener pastures. Robert...
The creations by Aprajita Toor were born out of a deep desire to create...
Letter to Editor
Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.
Subscribe today and get the latest information on Textiles, Fashion, Apparel.