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Calm trading in cotton market
29
Sep '11
The quotations in New York fell below one Dollar in the reference week. Reasons were probably cheaper offers of alternative crops and reports about contract cancellations in the USA as well as a general trend in the commodity market to reduce positions. Opposite to the decreasing quotes in New York the Dollar rate became firmer, means the Euro prices for spinning mills persisted stable.

Looking up the supply chain there were little signs to stimulate more business. Perhaps in part the ITMA contributed to the calm market. So the situation at the domestic market had not been changed compared to the previous week. In short time available deliveries remained in the centre of interest.

In the Upland range the following turnovers were reported West Africa for prompt delivery, Central Asia for 4th quarter 2011 and Greece for delivery in the 4th quarter 2011 and in the 1st quarter 2012.

In the ELS/LS range was bought Egyptian Giza 86 and Giza 88 fro prompt delivery and Israel Pima for the 4th quarter 2011.

Bremen Cotton Exchange

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