Home / Knowledge / News / Textiles / Bremen reports wait & watch attitude in cotton markets

Bremen reports wait & watch attitude in cotton markets

21
Jun '12
Bremen CIF Index reports that the July-contract at the ICE gained by more than 13 cents for a few days during the reported week before dropping again obviously benefiting from good US-export figures as well as boosted by the necessity of some market participants to cover short-positions.

The New York December contract as well as the Cotlook A and CIF Bremen index followed this speedy price development only in small steps.

Prices demanded by the origin for nearby delivery respectively up to the expected shipping months of the new crop and taking into account the development in New York have not been accepted on the local market in general.

These price ideas were encountering processing industries that acted rather doubtful and indecisive due to the development of the prices and that were apparently sufficiently covered until the company holidays. Therefore a wait-and-see attitude prevailed. Only a small amount of limitedly available cotton varieties was sold predominantly for prompt delivery.

In the medium staple range contracts were closed for cotton from West Africa and  Central Asia for prompt delivery, from Izmir (Turkey) for the 3rd quarter 2012 and from Greece for the 4th quarter 2012. US-Pima cotton was sold for prompt in the ELS-range.

Bremen CIF Index


Must ReadView All

Pic: Shutterstock

Textiles | On 26th Feb 2020

UK risks losing up to 14% of exports to EU if no deal: UN

Non-tariff measures could cause major fractures in post-exit UK-EU...

Pic: Shutterstock

Textiles | On 26th Feb 2020

Turkey's textile industry employs 1.67 mn: minister

Turkey's textile and garment industry currently employs around 1.67...

Pic: UNCTAD

Textiles | On 26th Feb 2020

Barbados unveils one-stop investment guide

As Barbados prepares to host the 15th quadrennial conference of the...

Interviews View All

Top executives, Textile industry

Top executives
Textile industry

Knowledge sharing platform needed for sustainable water management

Top executives, Textile industry

Top executives
Textile industry

Overall, Union budget 2018-19 is very balanced

Arvind Saraf, Triveni Sarees

Arvind Saraf
Triveni Sarees

e-Commerce is still evolving fast with constant flux and surprises

Apurva Kothari,

Apurva Kothari

No Nasties was the first fashion brand in India to make 100 per cent...

Herbert Guebeli,

Herbert Guebeli

Switzerland-based Sedo Engineering develops technologies for the denim...

Zennure Danisman,

Zennure Danisman

Since its inception in 1953, Orta Anadolu has been weaving a denim...

Hemant Bheda, Arevo

Hemant Bheda
Arevo

Arevo, based in Silicon Valley in California, develops technology to...

Keith McMillen, Bebop Sensors

Keith McMillen
Bebop Sensors

Bebop Sensors' smart fabrics allows for a new level of interaction between ...

Mohammad Hassan, Biax Fiberfilm

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Akta Adani, India Boulevard

Akta Adani
India Boulevard

India Boulevard is a San Francisco-based curated fashion marketplace that...

Jay Ramrakhiani, Occasions Elegance Wear

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Rajesh Pratap Singh, Rajesh Pratap Singh

Rajesh Pratap Singh
Rajesh Pratap Singh

<div>Ace fashion designer <b>Rajesh Pratap Singh</b> has used Tencel to...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


February 2020

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Advanced Search