The market showed increasing recovering tendencies during the reporting week. Prices went up as the New York cotton futures rose, however, stayed firm at the origin. The trade registered demand for prompt delivery until the end of the year and beyond that in 2010.Although, for larger contracts an agreement on an acceptable price level was lacking.
Nevertheless, the mills apparently have supply gaps to be covered. Therefore, there was lively interest on the market with an upward movement. At the extra fine market significant transactions for Far East as well as Europe were registered.
Contracts were closed for West African and East African cotton, CIS and Greece for prompt delivery as well as Brazil cotton for the 4th quarter, too.
The extra fine market registered sales for GIZA 86 und 88, US Pima and Israel Pima for prompt delivery and 1st and 2nd quarter 2010.
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.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "UBM China (Shanghai)")
-Ltd..jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Thermore (Far East) Ltd.")
