Home / Knowledge / News / Textiles / ICE Cotton closes weaker this week
ICE Cotton closes weaker this week
Nov '13
ICE Cotton lost 100 pts on the week to close at 77.35 basis the H4 contract, although it was a much more interesting week than the final price action would suggest. Z3 First Notice Day was today and, after the Z/H spread dropped to nearly 400 points carry, a variety of parties likely stepped in to stop the board. 
As such, cert stocks are expected to disappear in coming weeks as the cotton makes its way to mills in Turkey, China, and elsewhere. Despite Chinese inquiry having softened in recent weeks, overall export sales were solid again, leaving the US with only around 4.0 million bales to sell over the next 8 months, well under the current pace. 
And once China settles the rules regarding impending reserve sales, mills there will likely come in to buy imports again – uncertainty, rather than price, is currently weighing on demand. As such, cotton may have again set a seasonal low around the Z3 delivery period, as with total OI under 200k lots for the first time in two years and non-commercials the most net short in 54 weeks, there is ample room for a rebound.
The Federal Reserve released minutes from its October meeting, which many analysts interpreted to mean that “tapering” is on the table for December. The minutes introduced discussion of additional accommodative measures that could be taken alongside any reduction in bond purchases, reminding us that even if tapering begins, monetary policy will not be restrictive for a long while. US equity markets continued to hit fresh highs as a result, with the S&P 500 passing 1,800 for the first time ever.

Ecom USA

Must ReadView All

Pic: Shutterstock

Apparel/Garments | On 23rd Oct 2021

FDRA urges US govt to remove tariffs causing kids' shoe price spikes

The Footwear Distributors and Retailers of America (FDRA) has sent...

Pic: Sorbis / Shutterstock.com

Fashion | On 23rd Oct 2021

Calvin Klein & Louis Vuitton top 2 trustworthy brands for US customers

Calvin Klein, an iconic American brand that has existed since 1968,...

Pic: Breuninger

E-commerce | On 23rd Oct 2021

Fashion retailer Breuninger to launch e-commerce portal in Poland

After Austria (2017) and Switzerland (2019), fashion company...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Donating 20,000 N95 masks to hospitals & NGOs

Textile Industry, Head honchos

Textile Industry
Head honchos

Blockchains will be in heavy use by early adopters by 2025

Textile Industry, Head honchos

Textile Industry
Head honchos

Trainers faced immense challenges as most were not tech-savvy

Benedetta Terraneo,

Benedetta Terraneo

Miko Srl, a subsidiary of US-based Sage Automotive Interiors and a member...

Chendhuran Sundar,

Chendhuran Sundar

Headquartered at Singapore, Crocodile is a global fashion and lifestyle...

Zayed Moyeen,

Zayed Moyeen

Far East Knitting and Dyeing Industries LTD (FEKDIL) was established in...

Sachin Pendharkar, Dieffenbacher India Pvt Ltd

Sachin Pendharkar
Dieffenbacher India Pvt Ltd

Germany-based Dieffenbacher Group is a producer of high-quality composites ...

Jacques Prigneaux, EDANA

Jacques Prigneaux

EDANA has been the leading global association and voice of the nonwovens...

Shaan Sethi, Jaanuu

Shaan Sethi

Jaanuu, a vertically integrated e-commerce company, has reimagined the...

Anjali Bhaskar, Samatvam

Anjali Bhaskar

Samatvam, a womenswear brand that blends age-old craftsmanship with modern ...

Manish Malhotra, Label Manish Malhotra

Manish Malhotra
Label Manish Malhotra

A multitalented designer and founder of an eponymous label, Manish...

Suman Nathwani, Suman Nathwani

Suman Nathwani
Suman Nathwani

Designer <b>Suman Nathwani</b> talks about her journey of opening a...

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


Leave your Comments

October 2021

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

Advanced Search