Brisk Enquiry Development

Merchants reported that enquiries developed briskly during the reported week leading to partly significant turnovers. Several spinning industries made use of the short-time small price regression to cover their demand mainly for the 4th quarter 2010 and the 1st quarter 2011. Nevertheless most enquiries only served as price information retrieval. The European and Far Eastern interest in long and extra long staple descriptions increased again in comparison to the previous week and led to several contracts in the European region.

Upland-cotton was sold from Central Asia, Spain and Greece for the 4th quarter 2010 and the 1st quarter 2011. Contracts for cotton from West Africa were closed for the 4th quarter 2010 as well as the 1st and 2nd quarter 2011. Moreover Syrian descriptions were sold for near dates as well as the 4th quarter 2010.

ELS/LS-contracts were closed for Egyptian GIZA 86 + 88 for the 4th quarter 2010 as well as the 1st quarter 2011, US Pima for near dates respectively the 4th quarter 2010 and Israel Pima from the 4th quarter 2010 up to the 3rd quarter 2011.