ICE cotton prices rose due to higher crude oil prices, driven by increased US consumption and supply risks in the Middle East.
Weak US cotton export sales were largely overlooked as traders await the USDA’s WASDE report.
Crude oil’s rise also impacted polyester fibre costs.
ICE December cotton settled at 72.66 cents, with other contracts showing mixed movements.
Weak US cotton export sales were largely overlooked as traders await the USDA’s WASDE report.
Crude oil’s rise also impacted polyester fibre costs.
ICE December cotton settled at 72.66 cents, with other contracts showing mixed movements.