26 May | Market on the upswing
– Reporting Period 11 May – 24 May 2023 – At the beginning of the reporting period, ICE Cotton No.2 futures saw significant gains. On Friday of last week, prices reached a high near the 87 ct/lb mark, the highest since January of this year. However, at the beginning of this week, quotations lowered...
read more 28 Apr | Market Drops Below 80 Cents
– Reporting Period 13 April – 26 April 2023 – While the reporting period began with a slightly positive sideways movement, ICE Cotton No. 2 futures reached their highest level in more than six weeks on April 17, testing at the 85-cent mark. In the following days, the market moved steeply in the opposite...
read more 24 Mar | Banking Crisis Affects Futures
– Reporting Period 09 – 22 March 2023 – In the first week of the reporting period, the ICE futures Cotton No. 2 briefly fell below the 80 ct/lb mark for the first time in a long time, before recovering and immediately exceeding this level again. This was favoured by a recovery on the stock...
read more 10 Mar | Market Trend Remained Rather Sideways
– Reporting Period 23 Feb – 08 Mar 2023 – The ICE futures Cotton No.2 tended to move rather sideways during the two weeks of the reporting period. Towards the weekend, they rose for a short period, only to fall again in the middle of the week. However, they remained within the range of...
read more 23 Feb | Market Experiencing Downward Trend
Reporting Period 09 – 22 February 2023 The ICE futures Cotton No. 2 continued their sideways movement at the beginning of the reporting period but dropped significantly in the second week. Most recently, the futures recovered, but remained in the range near the 80-cent mark. Nevertheless, the rather low prices compared with recent months...
read more 12 Jan | Fluctuating Prices at the Turn of the Year
Reporting Period 15 December – 11 January 2023 Over the turn of the year, the ICE Cotton No. 2 futures recorded a rather fluctuating course with smaller and larger outliers. The nearest futures remained in a range between 80 and 90 ct/lb, so that it could almost be called a sideways movement. The market...
read more 16 Dec | Slight Downward Trend in Futures
– Reporting Period 01 – 14 December 2022 – Over the current reporting period, the ICE Cotton No.2 futures experienced a decrease, but with a slight upswing towards the end. In general, however, the indices’ trend remained bearish. Demand stayed weak, although some spinners came back to the market to meet immediate needs. The...
read more 2 Dec | Uncertainty Determines the Market
Reporting Period 17 – 30 November 2022 ICE Cotton No. 2 futures trended slightly downward during the reporting period. The overall rather degressive trend recorded short-lived upward movements, especially towards the end. Lately, the biggest concern in the market has been the lack of demand. This was combined with fears as to whether the...
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