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ICE cotton prices continued their downward trend for the fourth consecutive session, influenced by declining soybean futures and a stronger dollar.
The March 2025 contract settled at 68.08 cents per pound, slightly above its low.
The broader cotton market reflected losses across various contracts, with overall weak demand exacerbated by a rising dollar and lower soybean prices.Read More

US industrial production moved down by 0.1 per cent in November after falling by 0.4 per cent in October.
Manufacturing output rose by 0.2 per cent in the month, but was 1 per cent below its year-earlier level.
Capacity utilisation stepped down to 76.8 per cent in the month.
The non-durable manufacturing index fell by 0.3 per cent; the output of apparel and leather dropped by 2.1 per cent.Read More

Chinese company Kelida invests $30 million in a textiles project with Suez Canal Economic Zone (SCZONE).
It will export 90 per cent of its textiles.
SCZONE signed agreements for textile and food projects in Qantara West Zone, spanning 137,000 square metre and creating 1,450 jobs.
SCZONE’s first phase now totals $309 million investments, 751,000 square metre, and 14,200 jobs.Read More

The UK CPI rose by 2.6 per cent in the 12 months to November, up from 2.3 per cent in the 12 months to October.
On a monthly basis, CPI rose by 0.1 per cent in November.
The clothing-footwear CPI rose by 2 per cent in the 12 months to November, up from 1 per cent in the 12 months to October.
On a monthly basis, the same rose by 0.6 per cent in the month; in November 2023, it fell by 0.3 per cent.Read More

bp and XRG have finalised the formation of Arcius Energy, a joint venture focusing on international natural gas.
Initially to operate in Egypt, Arcius Energy includes bp-assigned concessions and exploration agreements.
Leaders Naser Saif Al Yafei, CEO and Katerina Papalexandri, CFO aim to drive competitive, lower-carbon gas solutions globally.Read More

Westlake Innovations, a subsidiary of Westlake Corporation, has invested in Universal Matter, a leader in sustainable graphene.
Universal Matter’s patented Flash Joule Heating technology upcycles carbon waste into high-quality graphene for industrial use.
The partnership aims to advance sustainable solutions in materials like asphalt, concrete, and coatings.Read More