– Reporting Period 29 July – 11 August 2026 –
During the current reporting period, prices for ICE Cotton No. 2 futures began to rise, approaching the 85 ct/lb mark. Weather risks in the U.S. Cotton Belt, along with harvest-critical weather conditions in other growing regions, were considered the primary drivers.
This was accompanied by subdued physical demand. Many spinning mills tended to adopt a wait-and-see approach to purchasing. The ongoing uncertain global economic situation—which fuels caution regarding market setbacks—coupled with rising prices and yarn prices that were not keeping pace, remained significant factors influencing demand decisions.
While Europe is slowly emerging from the summer vacation mood and gradually resuming work, many spinning mills in Southeast Asia were stocking up, but mostly only as needed and on a short-term basis. During such times, it is difficult for buyers and sellers to agree on a price.