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ICE cotton prices experience mixed trends amid global demand concerns

03 Apr '24
2 min read
Pic: Adobe Stock
Pic: Adobe Stock

Insights

  • ICE cotton prices showed mixed results in trading sessions, with July **** contracts declining slightly while December **** and future contracts saw gains.
  • Concerns about global demand and economic uncertainty are impacting the market.
  • An analyst highlighted slow manufacturing and a shift towards gold as factors influencing cotton's appeal to investors.

However, the ICE cotton price for the December **** contract remained positive. It gained *.* cent to **.** cents per pound. Similarly, the March **** and December **** contracts were noted at **.** cents and **.** cents per pound, respectively, on Wednesday morning during the London session.

A commodity analyst based in New Delhi told Fibre2Fashion, "There were concerns about the future demand for cotton globally. Economic uncertainty contributed to slow demand from various buyer segments. The macro scenario was also not supportive of ICE cotton."

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