ICE’s most active December 2025 contract settled at 68.32 cents per pound (0.453 kg), up 0.53 cent. The contract touched an intraday high of 68.70 cents, the highest level since May 12. Over the past four sessions, various contracts have gained between 156 and 176 points, with the December contract alone recording a total gain of 165 points. On June 25, settlement prices for other active contracts rose by 39 to 54 points.
Total trading volume for ICE cotton futures reached 39,979 contracts for the day. Cleared contracts reported up to the previous session totalled 43,923. According to ICE data released on June 24, deliverable inventory for the No. 2 cotton futures contract stood at 61,136 bales, down from 62,332 bales on the prior trading day.
According to market analysts, the recent rebound in cotton prices is primarily driven by strength in energy markets, particularly crude oil. US crude oil futures rose nearly 1 per cent on Wednesday, recovering from earlier-week losses, amid robust domestic demand and optimism around a ceasefire between Iran and Israel.
Rising oil prices make polyester more costly, indirectly supporting cotton prices.
In related news, the Ivorian Cotton Ginners Association announced that Ivory Coast’s cotton production is expected to rise by 9 per cent in the 2025–26 season. The country is projected to produce 350,000 tonnes, up from 320,000 tonnes in the previous season.
As of now, ICE cotton for December 2025 is trading at 68.49 cents per pound (up 0.17 cent). Cash cotton is at 66.62 cents (up 0.43 cent); the July 2025 contract at 66.44 cents (up 0.43 cent); the October 2025 contract at 67.94 cents (up 0.07 cent); the March 2026 contract at 69.82 cents (up 0.21 cent); and the May 2026 contract at 70.68 cents (up 0.08 cent). A few contracts remained at their previous closing levels, with no trades recorded today.
ALCHEMPro News Desk (KUL)
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