Jernigan Global Weekly 27-Sep-2021
Posted : October 23, 2021

JERNIGAN GLOBAL
News Letter 27-Sep-2021

1.    CHINA DOWNSTREAM TEXTILE SECTOR UNDER SEVERE STRESS FROM ENERGY RATIONING/LOGISTICS

2.    “RECORD CONTAINER SHIPS DRIFTING OUTSIDE US WEST COAST PORTS”; ENERGY SHORTAGE SHUT TEXTILE PLANTS AND FREIGHT COST 25% OF RETAIL DENIM IS COOL; DEMAND DRIVING INCREASE IN COTTON USE

3.    CFR BASIS LEVELS VERY ELEVATED AS 4th QUARTER 2021 ARRIVES

4.    POWER COST IMPACTING TEXTILE INDUSTRY AS PRICES SURGE

5.    DEBATE ON SIZE OF INDIAN CROP UNDERWAY AS RAINS CONTINUE

6.    FEARS INCREASE OVER US NEW CROP QUALITY

7.    ICE MOVES TOWARD THE HIGHS AS WEEK ENDS AND SPECULATIVE BUYING RETURNS

 

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