In the reporting week the prices were influenced by the development in New York and remained quite stable at the lower end of the range already seen during the last months.
The available quotations seemed to be at an attractive level for spinning mills which encouraged them to cover their present needs, especially in Far East the demand was reported to be strong and steady for shipments up to the first quarter of next year.
The spinning mills at the domestic market were still acting carefully and were generally continuing their previous purchasing attitude while waiting for a clear trend for new crop. There were more inquiries but most of all selective for nearby deliverable origins.
However, the contracted quantities were limited and mainly bought by the spinning industry to secure the production for current orders.
It was reported in detail:
Medium staple cotton: Central Asian and West African cotton for prompt delivery up to the 4th quarter 2013 as well as East African and Turkish qualities for the 4th quarter 2013.
Long and Extra-long staple cotton: Egyptian Giza 86, Giza 88 and Israel Pima for prompt delivery.
