Holidays & firm prices elicit few enquiries at Bremen Cotton Exchange
26 Jul '06
1 min read
During the reporting week, the course of business at the Bremen cotton market was influenced by the still continuing works holidays of the mills and the firm prices. Only few enquiries were registered.
The quotations of the New York futures market increased by more than 300 points in comparison with the week before and the Cotlook A Index for Northern Europe quoted 240 points higher.
A different estimation of the further trend of the market let potential buyers act cautiously and the present Euro /US-Dollar parity did also not stimulate major buying interest. Consequently, the reported turnovers remained limited.
In the Upland range contracts were concluded in Central Asian sorts for the 4th quarter 2006 and USA M.O.T cotton for the 4th quarter 2006.
In the long- and extra long staple range were traded: Egyptian GIZA 86 and 89 for prompt.
Bremen Cotton Exchange (Bremer Baumwollboerse) was founded in 1872 and was created to maintain and to promote the interests of all those connected with the international cotton trade. Today the membership of the Bremen Cotton Exchange consists of 201 members residing in Germany, Europe and overseas.
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