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ICE cotton slips on profit booking, crude oil weakness

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ICE cotton slips on profit booking, crude oil weakness



ICE cotton futures paused their rally and moved lower on Wednesday due to profit booking. Falling crude oil prices also put additional pressure on US cotton, although the broader grain market saw gains in US trading. Traders are awaiting the US cotton export sales report, due on Thursday.

ICE’s most active December 2025 contract settled at 67.73 cents per pound (0.453 kg), down 0.66 cent (0.97 per cent). The contract had gained 163 points, closing 2.4 per cent higher at a two-week high on Tuesday. The December contract opened Wednesday’s session at its highs but quickly turned lower. Selling pressure persisted throughout the day, and prices ended near the session’s low.

ICE cotton futures retreated on August 13, 2025, as profit booking and falling crude oil prices pressured the market.
The most active December 2025 contract fell 0.97 per cent to 67.73 cents per pound after hitting a two-week high the previous day.
Analysts called the drop a brief pause following recent gains, with US export sales remaining average.

Total trading volume was reported at 66,731 contracts, slightly below the previous day’s 74,011 contracts. According to ICE data, deliverable stocks of No. 2 cotton remained unchanged at 18,242 bales as of August 12, 2025.

Market analysts noted that the market had moved dramatically over the past two days, describing the August 13 pullback as a brief pause following a positive report. Recent US export sales have been average—neither poor nor exceptional—and are expected to maintain this pattern.

In the broader commodity complex, soybeans finished higher, marking gains in four of the past five sessions. Corn prices barely edged above Tuesday’s contract low, while wheat futures set a new contract low.

In US equities, the NASDAQ Composite and S&P 500 Index both reached new all-time highs for the second consecutive day, while the Dow Jones Industrial Average recorded its third-highest close on record.

Energy markets saw NYMEX crude oil futures fall to a more than two-month low, making petroleum-based polyester fibre relatively cheaper for textile producers compared to cotton.

As of the latest trade, ICE cotton for December 2025 was at 67.59 cents per pound (down 0.14 cent), cash cotton at 65.16 cents (down 0.66 cent), the October 2025 contract at 66.41 cents (down 0.66 cent), the March 2026 contract at 69.16 cents (down 0.16 cent), the May 2026 contract at 70.42 cents (down 0.13 cent), and the July 2026 contract at 71.18 cents (down 0.13 cent). A few contracts remained at their previous closing levels, with no trading recorded today.

Fibre2Fashion News Desk (KUL)



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Fashion

The new economics of fashion: Trust, longevity and price discipline

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The new economics of fashion: Trust, longevity and price discipline




Fashion demand in 2026 remains intact but more selective, with consumers spending cautiously and prioritising value, durability and versatility.
Intentional purchasing and promotion sensitivity are reshaping pricing dynamics and margin structures.
Polarised consumer behaviour is pushing brands to rebuild trust, justify full price and align sustainability with longevity.



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US brand Calvin Klein unveils Spring 2026 denim with Jung Kook

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US brand Calvin Klein unveils Spring 2026 denim with Jung Kook



Calvin Klein Inc., which is part of PVH Corp. [NYSE:PVH], announces the launch of its Spring 2026 denim campaign starring global brand ambassador Jung Kook of renowned boy band BTS.

Directed and shot by Mert Alas, the new chapter sharpens the focus on denim as the ultimate expression of personal style through icon Jung Kook’s distinctive and influential point of view as he lives in the moment.

Calvin Klein, owned by PVH Corp., has unveiled its Spring 2026 denim campaign fronted by BTS icon Jung Kook.
Directed and photographed by Mert Alas, the cinematic film fuses music, movement and city energy, highlighting 90s Straight, Baggy and reworked Trucker silhouettes.
A special appearance by Rosie Perez amplifies the brand’s signature visual storytelling.

The campaign unfolds across a series of immersive worlds, unified and guided by Jung Kook’s style, attitude and way of living. The high-impact film fuses fashion and entertainment, moving to an instantly recognizable soundtrack and brought to life through the artist’s signature choreography and commanding presence. The interplay of music and movement – complete with a cameo from New York City legend Rosie Perez – captures the impact synonymous with Calvin Klein’s iconic visual storytelling.

Calvin Klein jeans are at the center of the wardrobe with hero silhouettes leading the narrative: the effortless attitude of the 90s Straight; the relaxed and nostalgic proportions of the Baggy; and new interpretations of the iconic Trucker jacket — all reimagined with elevated washes and designed for versatility. Casual logo tees and oversized bombers complete the looks, reinforcing denim as both uniform and statement.

“I love Calvin Klein jeans because they’re designed to be lived in,” said Jung Kook. “The looks I wore for this campaign nod to ‘90s style while feeling completely modern. It was exciting to bring together my love of music, dance and fashion against the energy of the city.”

Note: The headline, insights, and image of this press release may have been refined by the Fibre2Fashion staff; the rest of the content remains unchanged.

Fibre2Fashion News Desk (RM)



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China targets 4.5 to 5% GDP growth for 2026

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China targets 4.5 to 5% GDP growth for 2026



China is aiming for a GDP growth rate of at least 4.5 to 5 per cent in 2026, according to a government work report submitted on March 05, 2026 to the national legislature for deliberation.

Premier Li Qiang, who delivered the report at the opening of the fourth session of the 14th National People’s Congress in Beijing, said the growth target is “well aligned with the country’s long-range objectives through the year 2035 and is broadly in line with the long-term growth potential of China’s economy, with favorable conditions in place for achieving this target.”

China has set a GDP growth target of 4.5–5 per cent for 2026, alongside goals to stabilise employment, manage inflation, maintain grain output and cut emissions.
The plan also preserves flexibility for structural reforms under the 15th Five-Year Plan, aiming to balance steady economic expansion with long-term, high-quality and sustainable development.

Main development targets for 2026 also include a surveyed urban unemployment rate of around 5.5 per cent, creation of over 12 million new urban jobs, a rise in the consumer price index of around 2 per cent, personal income growth in step with economic growth, a basic equilibrium in the balance of payments, grain output of around 700 million tonnes, and a drop of around 3.8 per cent in carbon dioxide emissions per unit of GDP.

Qiang said the targets took into account the need to leave room for structural adjustments, risk prevention and reform in the opening year of the 15th Five-Year Plan (2026–30) period, to lay a solid foundation for improved performance in the coming years. Government at local level should, taking into account their own conditions, make solid efforts to deliver positive outcomes, he added.

Analysts said the 2026 target reflects a pragmatic approach in recognising structural and cyclical challenges facing the world’s second-largest economy, while pursuing reasonable growth in line with high-quality development.

Fibre2Fashion News Desk (JP)



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