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Bremen cotton market unchanged

24
Feb '12
Bremen Cotton reports that the New York Cotton Futures for March as well as the Bremen CIF Index remained almost unchanged during the reported week. Smaller peaks up were followed by a larger peak down at limited volatility.

The news about considerably risen cotton production was facing globally moderate consumption and constant Chinese purchases. The situation was shaped by these divergent developments.

Prices offered on the local market showed a firm tendency as well, yet did not contribute to closing contracts with considerable turnovers. Occasional price enquiries only served as information. Eventually closed contracts concentrated on near dates..

Cotton from West Africa, Central Asia and Turkey was traded in the medium staple range for the 2nd quarter 2012

Sudanese extra-long staple descriptions were purchased for prompt delivery.

Bremen Cotton


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