Short Term Demand
Business started slowly again in the past week. Mill demand was reported to have been directed to both short term as well as to later shipping dates. However, on account of the prevailing high prices contracts could only be closed in order to cover short term supply needs. Despite weaker cotton quotations at the ICE in New York offering prices from the origins remained firm. This concerned in particular the prices for extra-fine cottons as their availability is clearly reduced.
In the Upland range were traded: Central Asian sorts and West African styles for prompt / 1st quarter 2010, as well as Greek descriptions for the 1st and for the 2nd quarter 2010.
In addition, contracts were registered for Israel Pima and ACALPI for the 1st and for the 2nd quarter 2010.