Calm Market

The total turnover at the domestic and European market remained restrained; supposedly due to the holiday. The New York Cotton futures basically did not give any new and clear impulses to the development of prices for near dates - neither to the top nor to the bottom. The offers available at origin remained continuously firm so that the Bremen CIF Index hardly changed as well. The spinning industries confined themselves to short-term covering until their company holidays or the time shortly afterwards.

The following contracts were registered in the medium staple range:West Africa and US EMOT for the 2nd quarter 2012, Argentina for the 2nd to 3rd quarter, Central Asia for prompt as well as the 2nd to 3rd quarter and Brazilfor the 3rd quarter 2012.

Giza 88 and US Pima were sold for prompt delivery in the extra-long staple market.