In absence of fundamental new developments in the cotton market the Cotlook A as well as the CIF Bremen Index moved moderate up only and remained on rather similar levels compared to the previous week.
The turnover at the domestic market showed an increasing interest in medium staple cotton while business in extra-long staple cotton was limited.
Obviously spinning mills found attractive offers of suitable qualities of well-known origins for nearby delivery and bought for their still uncovered needs. Cotton of the new European crops was purchase on a larger scale up to the first quarter of next year.
In part there were different price ideas of market participants. Perceptions of some interested buyers were still lower compared to the prices at which merchants were ready to reduce available stocks or could get offers from origins.
• Medium staple cotton:
Cotton from West Africa for delivery prompt up to the 4th quarter 2013, from Central Asia for prompt, the 4th quarter 2013 and the 1st quarter 2014, from Greece and Spain also for the 4th quarter 2013 and the 1st quarter 2014.
• Long and Extra-long staple cotton:
USA Pima for prompt delivery.
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