The Cotlook A and CIF Bremen quotations moved upwards slowly. Prices at the ICE fluctuated much stronger due to technical reasons although fundamental developments had hardly altered on the cotton market.
The low prices at the beginning of the reported week encouraged some customers to satisfy not only immediate need but also to order quantities until the year end. The total business diminished again in view of increased prices.
The interest continuously focused on medium staple cotton. Extra-long staple varieties did not dominate contracts.
The following contracts were closed:
Medium staple cotton: Spanish rgd., Brazilian and West African cotton were traded for prompt delivery, Spanish rgd. for the 3rd and 4th quarter 2013 as well. Greek, Spanish sgd. and Brazilian cotton were sold for the 4th quarter 2013.
Long and Extra-long staple cotton: Sudan Barakat was ordered for the 3rd and 4th quarter 2013.
