New York Firm - Bremen Sagging

The New York cotton futures developed slightly firmer compared to the previous week. The long-time expected purchases of the Chinese State Reserve for restocking the strongly diminished governmental cotton reserve provided support to the cotton prices despite the pressure of the upcoming crops. The economic news of the large textile consuming countries encouraged neither trade nor industry to replenish more than absolutely necessary. Low yarn and synthetic fibre prices limited large turnovers additionally. The prices CIF Bremen slightly sagged within the course of the reported week. In general the business situation remained unchanged due to the lack of impulses.

Upland-qualities from Argentina and Central Asia were sold for the 4th quarter 2011, descriptions from West Africa for the 1st quarter 2012.

Egyptian Giza 86 was traded promptly in the long and extra long staple range; moreover Israel Pimafor the 4th quarter 2011 and US Pima for the 1st quarter 2012.