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2013-12-11
Just like in the previous week, cotton merchants registered only a restrained demand for medium staple cotton on the Bremen Cotton Market.
Most spinning industries seemed to have enough cotton until their holidays at least since inquiries have rather aimed at the 1st and 2nd quarter 2014.
The price development in New York aroused uncertainties respectively restraint at the spinning industries and led to diverging price ideas in the Upland-range. In the ELS-range, where demand was slightly more stable, an agreement on prices was more easily struck in general.
Contracts were concluded for:
Medium staple cotton: West Africa and Central Asia for prompt up to the 1st quarter 2014, West Africa for the beginning of the 2nd quarter 2014 as well.
Long and Extra-Long staple cotton: US Pima for prompt up to the 1st quarter 2014.
Source:Bremen Cotton Market
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