A restrained demand was registered during the past week since several spinning industries maintained their wait-and-see attitude due to the continuously volatile market.
Some contracts were closed, however, especially for near dates, even in lower qualities.
Long-term contracts on medium staple cotton were generally only closed when assured by existing orders.
Quotations of long and extra-long staple cotton remained comparably stable with a slightly rising tendency and considerable amounts were sold.
Contracts were concluded for:
Medium Staple Cotton - Central Asia for prompt and the 3rd quarter, West Africa for prompt, Spain and Greece for the 4th quarter 2014 from the new crop.
Long & Extra Long Staple Cotton - Spain-ELS and Egyptian Giza 86 for prompt, US Acala rgd. for the 2nd and 3rd quarter 2014 and US Pima as well as Israel Pima for the 1st quarter 2015.
Source:
http://www.fibre2fashion.com/news/Association-news/bremen-cotton-exchange/newsdetails.aspx?news_id=162316
