The price developments at the ICE, New York, caused nervousness beneath market participants during the reported week.
Traders registered only a small number of enquiries which led to only few contracts owing to discrepancy with regard to price.
The prospects for the coming week were assessed slightly more positive due to expected price-approaches as well as against the background of nearing company holidays.
The following contracts were closed:
Medium staple cotton: Contracts were closed for cotton from West Africa and Brazil for the 3rd quarter and from Spain for the 4th quarter 2013.
Long and Extra-Long staple cotton: Israel Acalpi was ordered for prompt delivery.
Source:
http://www.fibre2fashion.com/news/Association-news/bremen-cotton-exchange/newsdetails.aspx?news_id=146998
