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Bremen Cotton Index remains stable during last week

14
Sep '12
The New York Cotton Futures as well as the Cotlook A and CIF Bremen Index have remained on a stable level during the reported week. Regardless of daily fluctuations, prices that have risen temporarily decreased just as rapidly leading to a surprisingly constant price level in general.

There was no obvious trend concerning available descriptions although the climatic influences have eased and the Chinese business data has slackened. The effects of hedging liquid funds still seemed to prevail on the futures market. The projection of dropping prices at least for the new crop has not fulfilled yet.

Therefore the demand was mainly limited to satisfying immediate need. Hardly any interest was drawn to the new crop due to the current price level.

The following contracts were closed:

  • In the medium staple range: Central Asia and Brazil for prompt delivery. Argentina for the 4th quarter 2012. West Africa for the 4th quarter 2012 up to the beginning of the 1st quarter 2013.
  • In the extra-long staple range: US Pima and Israel Pima for prompt delivery. Cameroon long staple for the 1st quarter 2013.

Bremen CIF Index


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