Cotton demand intensified during the week under report not only for the near date, but also for later shipping dates. The falling quotations at the cotton futures market gave the spinning mills one reason to consider further purchases.
However, the prices for cash cotton did not follow the downtrend. Offers from the countries of origin remained firm and partly no offers were available at all. Therefore, the opportunities for new contracts were described differently.
In the Upland range were traded: Central Asian sorts for dates in the 2nd to 4th quarter 2007; West African types for prompt, further in the 2nd to 4th quarter 2007; Greek descriptions for the 2nd to 4th quarter 2007; Turkish cotton for the 2nd quarter 2007 and the 1st quarter 2008, as well as Sudan Acala for prompt.
In the LS/ELS range were turnovers registered in Egyptian GIZA 86 and 88 for the 2nd quarter 2007; USA Pima for the 2nd quarter 2007 and the 1st quarter 2008; Israel Pima for the 2nd and 3rd quarter 2007 and the 1st quarter 2008; and Sudan Barakat for the 4th quarter 2007 and the 1st quarter 2008.
However, the prices for cash cotton did not follow the downtrend. Offers from the countries of origin remained firm and partly no offers were available at all. Therefore, the opportunities for new contracts were described differently.
In the Upland range were traded: Central Asian sorts for dates in the 2nd to 4th quarter 2007; West African types for prompt, further in the 2nd to 4th quarter 2007; Greek descriptions for the 2nd to 4th quarter 2007; Turkish cotton for the 2nd quarter 2007 and the 1st quarter 2008, as well as Sudan Acala for prompt.
In the LS/ELS range were turnovers registered in Egyptian GIZA 86 and 88 for the 2nd quarter 2007; USA Pima for the 2nd quarter 2007 and the 1st quarter 2008; Israel Pima for the 2nd and 3rd quarter 2007 and the 1st quarter 2008; and Sudan Barakat for the 4th quarter 2007 and the 1st quarter 2008.
