Bremen Cotton Exchange says cotton deliveries for near dates or by December the latest were of interest for the spinning industry on the domestic market. Just slightly decreasing prices, the impact of cheap import yarns as well as existing stocks continuously led to a wait-and-see-attitude of the processor.
The prices have not yet reached the level where spinning industries satisfy their long-term demand; maybe hopes for dropping prices in the future have played a role, too. Due to the unsecure economic development in Europe there was hardly any stimulation by further steps of the textile chain in general. Contracts were only closed at fitting prices and for the satisfaction of current orders.
In the medium staple range cotton was traded from the following origins: Brazil and Argentina for prompt and West Africa for delivery prompt up to the 4th quarter 2011.
Spanish ELS-cotton was sold for the 4th quarter 2011.
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