Cotton quotations in New York had moved continuously upwards in the week under report. However, this situation did not reflect the development of the physical cotton market. But that had indeed little to do with the development of the actual market.
The prices for effective cotton could not follow the trend to the same extent. Demand by the spinning mills was directed on short term supply and new closed contracts comprised just limited quantities. Delivery was mainly fixed for the 2nd quarter and for the 3rd quarter after the works holidays.
In the Upland range turnovers were registered in Central Asian sorts for dates in the 2nd quarter and in the 3rd quarter 2009; West African styles and Greek descriptions for the 2nd quarter 2009.
In the LS/ELS range sales were reported in Israel Pima and US-Pima for prompt / 2nd quarter 2009.
The prices for effective cotton could not follow the trend to the same extent. Demand by the spinning mills was directed on short term supply and new closed contracts comprised just limited quantities. Delivery was mainly fixed for the 2nd quarter and for the 3rd quarter after the works holidays.
In the Upland range turnovers were registered in Central Asian sorts for dates in the 2nd quarter and in the 3rd quarter 2009; West African styles and Greek descriptions for the 2nd quarter 2009.
In the LS/ELS range sales were reported in Israel Pima and US-Pima for prompt / 2nd quarter 2009.
