– Reporting Period 25 May – 07 June 2023 –
The ICE Cotton No. 2 futures moved with a bullish trend in the last two weeks and increased by several hundred points. Only in the last few days the prices dropped slightly. A detailed look at the trading months shows that the gap between July and December is widening. While December exhibited more of a sideways trend with a slight rise, the price increase for July was much more significant.
ICE Cotton No. 2 Futures from May 10 – June 6, 2023
Demand remained low this reporting period, due to continued uncertainties in global world market events. Although inflation appears to have slowed somewhat in recent weeks, retailers remained cautious in production, resulting in lower demand for yarns. Long-term planning is difficult at the moment and short-term demand is subject to unpredictable price jumps. There are simply too volatile conditions for a solid market now.