Home / Knowledge / News / Textiles / CIF Bremen Index declines by 150 pts this week
CIF Bremen Index declines by 150 pts this week
10
Apr '14
News on higher than expected support for farmers in Xinjiang, sales from the Chinese
National Reserve at attractive prices, slightly decreasing US-exports as well as considerably lower prices for the competing fibre polyester have temporarily contributed to a virtual relaxation on the supply side reducing the pressure on the quotations in New York. Especially investment trusts have evaluated and adjusted their positions newly on the futures market.
 
Possible reasons for the movement of the futures had only indirect effect on local business.
 
The CIF Bremen index met with the basic tendency of May and July futures and decreased by about 150 points within the course of the week; a little more cautiously than the Cotlook A Index but still 3 cents below its height two weeks ago, thus following the trend. 
 
Due to uncertainty regarding the price development in the medium term, the wait-and-see attitude of the textile industry with regard to new purchases continued. Contracts on medium staple cotton were predominantly closed for near dates up to the company holidays. Single procurements considered the new crop only in case of foreseeable orders.
 
Contracts were concluded for:
-Medium Staple Cotton: Central Asia for prompt and the 2nd quarter, West Africa for the 2nd quarter as well and Greece for the 4th quarter 2014.
-Long- and Extra-Long Staple cotton: Israel Pima and Sudan Barakat for prompt and Egyptian Giza 86 for prompt and the 2nd quarter 2014.

Bremen Cotton Exchange


Must ReadView All

Textiles | On 22nd Jun 2017

Zund unveils cradle feeder roll-feed system for fabrics

Zund Systemtechnik AG, Switzerland’s textile machinery firm that...

Textiles | On 22nd Jun 2017

Hpfabrics opening production facility in Forsyth County

Hpfabrics, manufacturer of raw fabrics, is opening a new production...

Courtesy: Napapijri

Apparel/Garments | On 22nd Jun 2017

Napapijri's Superlight Parka is free of fur and down

Napapijri has introduced the new Superlight Parka, a new lightweight...

Interviews View All

Divyesh Mashruwala
Akshar Industries

Surat dominates foiling, embossing and pleating

Varinder Singh Jawanda
Trendy Bharat

Sizing and fitting issues are inherent problems for companies expanding...

Pratik Bachkaniwala
Palod Himson Machines

Fabric processing machines are picking up

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
June 2017

June 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search