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Light stimulation in falling market

04
Jun '09
The weaker quotations at the New York cotton futures market induced several spinning mills to take the opportunity to purchase some lots. However, the conclusion of contracts was not quite easy as the price ideas of the parties involved were still widely apart.

Medium staple cottons were purchased for dates still ahead of the works holidays, whereas ELS varieties also for later. Quotations went up towards the end of the week under report.

In the Upland range were traded: Central Asian sorts for the 2nd and 3rd quarter 2009; West African styles for the 2nd and beginning of the 3rd Quarter 2009, and Greek descriptions for the 2nd quarter 2009.

From among the ELS varieties the conclusion of contracts was registered for Egyptian GIZA 86 for the 2nd and 3rd quarter 2009, and USA Pima and Israel Pima for the 3rd and 4th quarter 2009.

CIF Price:

Bremen Cotton Exchange


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