High turnover in long, extra long staple cotton on Bremen

Bremen CIF Index reports that the number of enquiries from the spinning industry rose during the reported week, specially 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 long staple/extra long staple (LS/ELS) range.

The following contracts were closed:

In the medium staple range: Cotton from West African was 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 for US Pima, Israel Pima, Sudan Barakat, Egyptian Giza 86 and Giza 88 for prompt delivery. US Pima was also ordered for the 1st quarter 2013.