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Calm course in cotton trading

15
Jul '10
Compared with the preceding week, the local market was clearly calmer during the week under report. On the one hand this was due to the empty warehouse stocks from which prompt deliveries could have taken place, and on the other hand due to the forthcoming works holidays with currently lower demand. The offers for cotton from the new crop stayed firm, despite weaker quotations of the futures market. Only earliest deliverable and fine / extra fine cottons also for more distant dates growths were traded.

In the Upland range contracts were concluded in Spanish, Greek and Syrian descriptions as well as Brazilian cotton for end September and further in the 4th quarter 2010, and Central Asian sorts for the 1st quarter 2011.

In the fine / extra fine range were traded: Sudan Barakat for the 4th quarter 2010 through 2nd quarter 2011; Israel Pima and ACALPI for the 4th quarter 2010 and further through 3rd quarter 2011, as well as USA Pima for the 2nd and 3rd quarter 2011.

Bremen Cotton Exchange


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