US export figures for several countries have supported the current trend of the ICE and therefore the CIF Bremen index as well. Domestic spinning industries were not yet willing to follow this development and kept on observing.
Thus many price ideas continued to diverge considerably between trade and industry. Nevertheless some contracts were closed due to the fair Heimtextil in Frankfurt; even for delivery beyond near dates.
Compared to earlier commitments in previous months, those contracts closed up to the second quarter 2013 produced proof of existing orders or seem to be at least evidence of a noteworthy confidence in the further economic development.
The following contracts were closed:
- Medium staple cotton: Brazil for prompt delivery, Israel Acala and Turkey SE for the 1st quarter 2013, Central Asia for the 1st and 2nd quarter and West Africa for the 2nd quarter 2013.
- Long- and extra-long staple cotton: US Pima and California SJV Acala rgd. for prompt delivery.
