>>
Home / Knowledge / News / Textiles / Cotton trades higher

Cotton trades higher

03
Dec '08
Cotton made a run at the 48 cent high in H'09 on strength from outside commodities and equity markets. However, after some scale up trade selling and other bearish options based H'09 forward, the market eventually came down. The USD made a small run late in the day but also came off near the close.

Treasuries remain strong as it seems the Fed will keep buying the paper and pushing the yield lower. Grains, metals and energy all came down as well as there just does not seem to be any strong buyers at the top of the range. Volume was low with only 7,000 futures and 13,000 options while open interest remains weak.

Cert stocks are near 900k and falling so this could be friendly long term and the loss of contango is another positive factor that may draw specs back into cotton which has now lost 50% of its open interest in just over 6 months. However, we need to see some stability in energy that may spillover to grains and softs. The short term does not look like that will happen and the USD does not want to come down either, so for now commodities look like they may test the downside again before year end.

Business has also gotten slow but the technicals are still showing a bottom may be in place and just have to wait and see if that is the case.

Technically the dollar is establishing a sideways trading range between 85/88, as we are seeing resistance above 87. The new administration is naming people who will be the new players in the financial crisis going forward and this may help the short term outlook.

The stock market bounced on some potentially good news coming from the auto industry and some profit taking after such a big loss yesterday. Cotton is holding up technically and have to see if we can get the moving averages to cross.

Ecom USA


Must ReadView All

Pic: U.S. Senator Kirsten Gillibrand

Textiles | On 17th May 2022

FABRIC Act introduced in US Senate, to protect 100,000 garment workers

Senator Kirsten Gillibrand recently announced the introduction of her ...

Pic: Shutterstock

Textiles | On 17th May 2022

Vietnam & S America working on forming textile supply chain

Vietnam and South American nations are working to form a supply chain ...

Pic: Shutterstock

Textiles | On 17th May 2022

EU's exports of textiles, clothing articles went up by 10.6% in 2021

In 2021, EU exports of textile and clothing articles increased by...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Fabric selection & recommendation based on client's brief

Textile Industry, Head honchos

Textile Industry
Head honchos

Led by MMF, Indian apparel exports likely to double in next 3 years

Textile Industry, Head honchos

Textile Industry
Head honchos

Donating 20,000 N95 masks to hospitals & NGOs

Meghna Kishore & Barkha Bhatnagar Das,

Meghna Kishore & Barkha Bhatnagar Das

Being conscious of living mindfully themselves, two sisters embarked on a...

Virginia Zingone,

Virginia Zingone

Italian Kids Brands (IKB) is the first showroom completely dedicated to...

Susan Bhaktul,

Susan Bhaktul

Established in 2000 as a liaison with the Government of India, Industree...

Shlomzion Chen, Seevix

Shlomzion Chen
Seevix

Seevix Material Sciences Ltd, which develops and manufactures synthetic...

Daniel Odermatt, Ventile

Daniel Odermatt
Ventile

Ventile is a registered trademark used to brand a special high-quality...

Ingo Soller, TWE Group

Ingo Soller
TWE Group

The TWE Group is one of the leading global players in the nonwovens...

Maria Camila Giraldo, Brand - Pam & Gela

Maria Camila Giraldo
Brand - Pam & Gela

Maria Camila Giraldo is a Colombian actress, writer and entrepreneur...

Prakruti Gupta Rao & Navin Rao, Brand - The Kaftan Company

Prakruti Gupta Rao & Navin Rao
Brand - The Kaftan Company

The Kaftan Company (TKC) is India’s most recognised brand for kaftans,...

Archana Jaju, Label Archana Jaju

Archana Jaju
Label Archana Jaju

<b>Archana Jaju</b>’s Hyderabad-based eponymous label works with artisans...

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

ESTEEMED CLIENTS

Rieter India Private Limited
Comasia Limited
Sportmaster Ltd.
Italian Trade Commission
Shanghai  Aige Exhibition Service Co., Ltd
THE BOMBAY DYEING ;& MFG.CO. LTD
Hirdaramani International Export Private Limited
Babyshop
Datatex Consulting Srl
Target Corporation (MN)
Color Service s.r.l.
Thai Acrylic Fibre Company Limited
Datacolor AG Europe
BIMBA ;& LOLA SL
VNU Exhibitions Asia
Coats Digital Limited
C;&A Sourcing International Ltd
GHCL LIMITED
Mayer & Cie. GmbH & Co. KG
EMBEE CORPORATION
Brückner Trockentechnik GmbH & Co. KG
Thermore (Far East) Ltd.
N9 World Technologies Private Limited
LC Waikiki
International Textile Manufacturers Federation
Permoda(Koaj/Armi/Pronto/Bkul)
IDH – The Sustainable Trade Initiative
Page Industries Limited (Bangalore)
T.T. Limited
Sainsbury's Argos Asia Limited
Equinox Impex India
J ;& P Coats
BRINKMANN GMBH
Messe Frankfurt Exhibition GmbH
Calvin Klein
Lectra Technologies India Pvt Ltd.
EUROVET ASIA LTD
Eurofins BLC Leather Technology Centre Ltd
CSGIA(China Screen Printing & Graphic Imaging Association)
Pt. Peraga Nusantara Jaya Sakti
Gatsby Africa
Recron Polyester from Reliance Industries Limited
EPCH
Etam Group Strategy Hong Kong Limited
Copenhagen Fashion Summit
China World International Exhibition Company Limited
BIRLA CENTURY A DIVISION OF CENTURY TEXTILES AND INDUSTRIES
Boardriders Asia Sourcing Limited
Karl Mayer Textilmaschinenfabrik GmbH
Benetton Group
KAS Direct Sourcing
Hela Clothing Pvt Ltd
APLF Limited
SYNERGIES HONG KONG LIMITED
Stahl Holdings B.V.,
Tradewind International Servicing
Splash
The LYCRA Company Singapore  Pte. Ltd
Performance Days
OVS Hong Kong Sourcing Ltd.
Vianney Textil Hogar S.A. De C.V.
Phong Phu international JSC (PPJ)
Groz-Beckert East Asia LLP
IIGM Private Limited
Sateri (Jiujiang) Fiber Co.,Ltd
Maceton Limited
Aleph Srl
Infor (Hong Kong) Limited
Amazon China
Recron Polyester from Reliance Industries Limited
FESPA (Reigate)
Brandix Lanka Limited
TÜYAP IHTISAS FUARLARI A.S.
Rosset ;& Cia Limited
Eastman Chemical Company
Taiwan Textile Federation (TTF)
COTTON COUNCIL INTERNATIONAL
Reiter India Private Limited
Vardhman Textile Ltd
Mesdan SPA
Aramark Uniform ;& Career Apparel, LLC
Savio Macchine Tessili S.P.A.
Decathlon
Dow Silicones Corporation
Officina Meccanica Dora Enrico Srl
USTER
CGS Inc.
DuPont de Nemours, Inc.,
Loris Bellini S.r.l.
Lottmann Communications
Chico’ FAS
Messe Duesseldorf
H. Stoll AG & Company KG
Flainox S.r.l.
FULGAR SpA
Lifestyle
BTSR International S.P.A.
Centric Software
Asos
BIANCA
Telangana State Industrial Infrastructure Corporation Limited (TSllC Ltd)
TESCO INTERNATIONAL SOURCING LIMITED
Lenzing Aktiengesellschaft
Weitmann & Konrad GmbH & Co. KG
Applied DNA Sciences Inc
Rayonese Textile Inc., Division de Culp Inc.
UBM China (Shanghai)
G-Star Raw C.V.
Varner AS Retail
Alison Hayes Romania
Thai Trade Center
Palexpo SA
Kern – Liebers Textile
KIABI
Lisa S.P.A.
HYOSUNG CORPORATION INDIA PRIVATE LIMITED
Nihalani Events Management
Aquarelle Clothing Limited
Groz-Beckert KG
X-Rite Asia Pacific Limited (HK)
H;&M Hennes ;& Mauritz (Far East) Ltd
MAS Active / MAS Kreeda / MAS Bodyline
JES MEDIA, INC
Bluesign Technologies Ag
SUZHOU TUE HI-TECH NONWOVEN MACHINERY CO.,LTD
Tommy Hilfiger
Puma
GERBER TECHNOLOGY LTD.
K AND D ITMACH EXPOSITIONS LLP
Gokaldas Exports Limited
Walmart
Cat Tuong Real Estate Group Joint Stock Company
PVH Corporation
Under Armour Global Sourcing Ltd
Marzoli Machines Textile s.r.l.
Kornit Digital Asia Pacific Ltd
Lenzing Aktiengesellschaft - India
Inter Expo Center Ltd.
Guess Europe Sagl,
Itema Weaving (India) Private Limited
ZAITEX spa
Abit
Midas Clothing Limited
Gap International Sourcing Limited
Zydex Industries
SHAHI Exports Pvt Ltd
Gloria Jeans
TEXVALLEY MARKET LIMITED
Indo Tex
NITI Aayog
Istanbul Fuarcilik A.S.
Shima Seiki Mfg. Ltd.
IFF Media Ag - International Media Services
Tchibo GmbH
TESTEX AG, Swiss Textile Testing Institute
Xtema - Thomas Lebherz Textilmaschinen
Lululemon Athletica Inc
The LYCRA Company Singapore  Pte. Ltd
NV Michel Van de Wiele
Colours India Inc
Arvind Limited
BTC Textiles LLC
Seasalt Limited
Zünd Systemtechnik AG
DyStar India Pvt. Ltd
Saurer Textile Solutions Pvt. Ltd.
Jindal Worldwide Limited
Esprit Europe Services GmbH
Deckers Outdoor (Guangzhou) Consultant Co., LTD.
Tory Burch Hong Kong Ltd
Landmark Group
International Sourcing Expo Australia
Alix Partners
Indofil Industries Limited - Specialty & Performance Chemicals Division
Sportswear Company Spa
G.A.S. unternehmenskommunikation gmbh
Huntsman (Singapore) Pte Ltd
ITMA Services Pte Ltd
Helly Hansen Far East Ltd
GIOVANNI BOZZETTO S.p.A.
Truetzschler India Private Limited
Desigual - ABASIC, S.A.
Chori Company Limited
Grasim Industries Limited
Meera Dyestuff Industries
Jiangsu Yingyang Nonwoven Machinery Company Limited
IKEA of Sweden AB
John Varvatos
Newtech Textile Technology Development (Shanghai) Company Limited
Tuyap Tum Fuarcilik Yapim A.S.
Restoque S.A.
Woolmark Services India Pvt. Ltd.
Green Fibre
Nandan Denim Limited
Lacoste (Wanchai)
Bluestem Global Sourcing Limited
Haelixa AG
The Top Form Brassiere Manufacturing Company Limited

May 2022

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


Advanced Search