Home / Knowledge / News / Textiles / ICE Cotton trends recoups last week's losses
ICE Cotton trends recoups last week's losses
08
Feb '14
ICE Cotton reversed last week’s losses and finished the week on a strong note, settling at 87.47 c/lbs basis the H4. Rising cert stocks (now at 217k bales) have failed to slow the market as US export sales continue to grow, making it extremely likely that the USDA will raise 13/14 exports in Monday’s S&D report; estimates range from 10.7 to more than 11.0 million bales. 
 
Importantly, shipments picked up this week to 359k bales, which is more significant even than the headline sales number.
 
Unfixed on-call sales remain supportive, and it is now obvious that US ending stocks will be very thin this year – demand rationing is needed. New crop may be another story, and US planting will undoubtedly increase. The market will get its first major new crop estimate from the NCC meeting in Washington DC.
 
Global asset markets started the week as they’d ended the last – sharply lower – but by week’s end the sell-off has slowed and some investors begin to buy at cheaper valuations. The US payrolls report for January disappointed, but the S&P rose anyway as the weak number inspires hope (in some corners) that the Fed will slow the pace of tapering. 
 
In Europe, the ECB this week acknowledged volatility in emerging markets, something the Fed has not done, while Australia seemed to have turned a new leaf with the Reserve Bank indicating that rates would hold for now. 
 
Despite recent volatility, there does not look to be a full-blown crisis at present, which may have been the catalyst for some commodities to stage sharp rallies this week, having been oversold before.
 

ECOM


Interviews View All

Poojaa Kumar Deepak, Zeven

Poojaa Kumar Deepak
Zeven

Zeven's performance sports apparel is designed for the Indian body type,...

Darshan Mehta, Infinium Polychem

Darshan Mehta
Infinium Polychem

We are spending double digit figures on R&D

Sonia Agarwal, Whitenife

Sonia Agarwal
Whitenife

‘The terms eco-friendly and organic are common but everyone perceives them ...

Manoj Sorathiya,

Manoj Sorathiya

Surat-based Sunrise Imports & Exports Co is a manufacturer and...

Rajat Jaipuria,

Rajat Jaipuria

Activewear brand Soul Space promotes organic cotton farming and...

Davide Maccabruni,

Davide Maccabruni

Schärer Schweiter Mettler (SSM) manufactures and supplies textile...

Pierre Wiertz, EDANA

Pierre Wiertz
EDANA

EDANA, the international association serving the nonwovens and related...

Kazuaki Yazawa, Purdue University

Kazuaki Yazawa
Purdue University

Scientist <b>Kazuaki Yazawa</b> has developed thermoelectric semiconductor ...

Davide Vigano, Sensoria

Davide Vigano
Sensoria

Sensoria is a leading developer of smart garments and IoMe (Internet of...

Sandeep and Sarah Shaikh Gonsalves, SS Homme

Sandeep and Sarah Shaikh Gonsalves
SS Homme

SS Homme celebrates the craft of traditional tailoring through the bespoke ...

Priya Somaiya, Usha Social Services

Priya Somaiya
Usha Social Services

The Usha Silai label from Usha International is all set for a retail...

Anjali Bhaskar, Samatvam

Anjali Bhaskar
Samatvam

Anjali Bhaskar has an experience of 12 years in the fashion industry. She...

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

Leave your Comments


November 2019

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

Follow us on instagram

Follow

Follow Fibre2Fashion On


Advanced Search