Interviews
Weak euro influences cotton market
20 May '10
1 min read
The demand has decreased considerably in the course of last week according to merchants' reports. They assume that the weak Euro, the strong US-dollar as well as the overall price situation unsettled the spinning industry significantly. Yet despite a smaller amount of contracts to partly high prices long-term demand planning was identifiable. Because of limited supply from the origin only descriptions from Central Asia and West Africa could be offered in the Upland-range. In the ELS/LS-range the spinning industries obviously have got enough cotton on stock, too, to be able to slowdown demand in view of the current price development.
Upland-cotton was sold for near dates as well as the 3rd and 4th quarter 2010 from Central Asia and West African descriptions for prompt and the 4th quarter 2010.
ELS/LS-need for prompt delivery was satisfied by US-Pima, Israel Pima, Sudan Barakat and Egyptian GIZA 86 + 88. Israel Pima was also sold up to the 3rd quarter 2010.
Upland-cotton was sold for near dates as well as the 3rd and 4th quarter 2010 from Central Asia and West African descriptions for prompt and the 4th quarter 2010.
ELS/LS-need for prompt delivery was satisfied by US-Pima, Israel Pima, Sudan Barakat and Egyptian GIZA 86 + 88. Israel Pima was also sold up to the 3rd quarter 2010.
Bremen Cotton Exchange
Popular News
Leave your Comments
Therese Premler-Andersson
Textile Machinery Association of Sweden (TMAS)
Durga Prasad Chalavadi
Sai Silks Kalamandir Ltd
Esteemed Clients
-Ltd..jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Thermore (Far East) Ltd.")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Telangana State Industrial Infrastructure Corporation Limited (TSllC Ltd)")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Taiwan Textile Federation (TTF)")
