– Reporting Period 18 December 2024 – 07 January 2025 –
The turn of the year was a calm period for the cotton market. ICE Cotton No. 2 futures mainly moved sideways over the reporting period and ended close to their opening levels. Occasionally, there were slight jumps up and down, but without sustained price gains or losses, even though the trend was still slightly upwards.
With the US dollar remaining strong, demand has been relatively good in recent days. In particular Türkiye and some other textile-producing Asian countries demanded large quantities. Nevertheless, prices did not get much closer to the 70 ct/lb mark.
The European cotton market bridged the festive period rather peacefully in hibernation, characterized by a vacation lull and a sense of uncertainty about the challenges of the new year.