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Prices for effective cotton remains relatively firm
29
Jul '09
The week under report started with “limit down” in New York and the downtrend continued. Hence, the inquiries from spinners´ side were stimulated. Indeed, this was more checking of the price level than filling the supply of needs.

The prices for effective cotton remained relatively firm, because of the fixation to the EURO and also due to the disposability for nearby delivery dates. More distant sights were asked and traded only in smaller quantities.

In the Upland range contracts were verified in West African styles and Central Asian sorts for prompt, shortly after the end of the works holidays and further in the 4th quarter 2009.

In the LS/ELS range were traded: Egyptian GIZA 86 for dates in the 1st through 4th quarter 2010 and USA Pima for the 4th quarter 2009.

Bremen Cotton Exchange

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