– Reporting Period 07 May – 20 May 2025 –
After their high level in the last reporting period, the futures experienced a drop again. Even though they recovered towards the end of the period under review, the trend over the last two weeks has been downward.
Relief came with the news that China and the United States were able to agree on a 90-day suspension in talks on the tariff disputes. In each case, 115 percentage points of the initially imposed tariffs were temporarily cancelled. However, this had only little impact on quotations and trade figures. Given the unstable situation, Chinese spinning mills may continue to refrain from trading. At least for the time being, the recorded Chinese trading volume hasn’t been larger than before on the US market.
Trading expectations in Europe also fell short of the desired results. Except for sporadic inquiries and a few closed contracts, the market remained fairly quiet. The low-turnover summer period between the old and new season seems to have started quite early this year.