ICE cotton slumps as China, Mexico & Canada hit back with tariffs
ICE cotton prices fell to a 4-year low due to escalating trade tensions and declining crude oil prices, which made polyester more affordable. May 2025 contract hit 63.24 cents per pound, with heavy selling pushing volumes to record levels. Market analysts warn of further declines as cotton breaks key support. Other commodities also dropped, alongside major Wall Street indices.
ICE cotton prices fell to a 4-year low due to escalating trade tensions and declining crude oil prices, which made polyester more affordable.
May 2025 contract hit 63.24 cents per pound, with heavy selling pushing volumes to record levels.
Market analysts warn of further declines as cotton breaks key support.
Other commodities also dropped, alongside major Wall Street indices.
