High cotton rates keep spinners at bay

03 Feb '11

1 min read

On the one hand in the domestic market active interest was found for deliveries for later dates. Although all available origins on the market were considered, there were not many supplier offering sufficient quantities but at high prices to which the producing industry did not like to negotiate.

On the other hand there was active business for prompt as well as for later deliveries. Medium staple cotton of the next available crops was sold most of all. Anticipating a just slightly easing supply situation and at obviously attractive quotes for the new season cotton was sold up to the 2nd quarter.

In the medium staple range following cotton was traded: Central Asia and Greek for 1st quarter, West Africa for 1st to 3rd quarter, East Africa for 2nd and 3rd quarter as well as Brazil and US qualities for 4th quarter, the US cotton also for 1st quarter 2012.

In the Long and Extra Long Staple range was reported: Egypt Giza 88 for 1st quarter, Giza 86 for 1st and 2nd quarter, Israel Pima for prompt delivery and Israel Acalpi for 4th quarter. US Pima was already bought for 1st and 2nd quarter 2012.

Bremen Cotton Exchange

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