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CIF Bremen Cotton Index registers stable to firm tendency
Jul '13
The CIF Bremen Index registered a stable up to firm tendency. The daily volatilities recorded a small range and have therefore partly followed the development in New York.

Though the marginal downturn of the prices at the beginning of the reported week had slightly aroused interest, the spinning industry continued to act cautiously at purchase keeping in mind their order situation and their upcoming holidays.

Thus the turnover remained stable on a low level just like the week before. Demanded varieties were no longer available without further ado.

Nevertheless there was still demand for near dates, and despite divergent price ideas between trade and industry, the need was satisfied predominantly for the third quarter.

The following contracts were closed:

Medium staple cotton: Argentina, West Africa and Central Asia were ordered for delivery in the 3rd quarter, West Africa for the 4th quarter 2013 as well.

Long and Extra-long staple cotton: Israel Pima, Egyptian Giza 88 and Sudan Barakat were promptly delivered. USA SJV Acala rgd and Israel Acala rgd were sold for delivery in the 3rd and 4th quarter 2013.

Bremen Cotton Market

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