Prices have not sent any impulses to the cotton business during the reported week. The major price indices moved only marginally continuously registering a firmer tendency. The turnover was obviously influenced by the fair “Heimtextil”, too.
The overall positive basic mood of this event led to an increasing number of enquiries at the beginning of the week, even though the purchase trend of the previous months endured. The industrial demand mostly aimed for immediate satisfaction or for delivery within the next half year and in case of existing orders.
Traders’ and spinners’ price ideas were still often differing. Therefore contracts were only closed sporadically and for predominantly prompt delivery.
The following contracts were closed:
Medium staple cotton: Cotton from Central Asia was sold for the 1st and 2nd quarter 2013, from West Africa for prompt delivery.
Long- and extra-long staple cotton: Israel Pima was ordered for prompt delivery.
