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Bremen cotton index remains stable last week
12
Jul '12
The New York Cotton Futures as well as the Cotlook A and the CIF Bremen Index have fluctuated within a tight frame remaining on a stable level and therefore not encouraging demand surges.

Offers from producing countries and traders remained firm as well. At the local market the turned volume was all in all limited. Contracts were predominantly closed for the time right before and after the company holidays to cover the last lacking amounts of raw material.

The further price development remained under observation concerning purchases for later periods. Cotton from Greece and Central Asia was traded for prompt delivery in the medium staple range.

Spanish descriptions were sold for the 4th quarter 2012 and West African for prompt up to the 1st quarter 2013. In the ELS-/LS-range it was reported on prompt delivery of Israel Pima and US Pima.

Bremen CIF Index

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