Continuously Strong LS/ELS-Business
The number of enquiries from the spinning industry rose during the reported week, especially for deliveries in the first and second quarter 2013; the overall turnover, however, has not reflected this development. Prompt delivery constantly dominated the market. The largest turnover was again realized in the LS/ELS-range.
The following contracts were closed:
• In the medium staple range: Cotton from West Africanwas sold for prompt delivery, Central Asian cotton for delivery at the end of the 4th quarter 2012/beginning of the 1st quarter 2013 and Brazilian descriptions as well as US Ultima rgd. for delivery in the 1st quarter 2013.
• Long- and extra-long staple cotton: Contracts were closed forUS Pima, Israel Pima, Sudan Barakat, Egyptian Giza 86 and Giza 88 for prompt delivery. US Pima was also ordered for the 1st quarter 2013.