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Bremen, November 20, 2019
Little Development on the Market
No clear development is currently becoming apparent on the market. As in past weeks the New York cotton futures moved rather sideways instead of following whatever trend. The negotiations between the U.S. and China have not brought any changes to the market as well.
The wait-and-see attitude of past weeks has slightly diminished, and some inquiries were registered that are still up for discussion. At present purchases are rather shaped by satisfying immediate need. Contracts predominantly refer to smaller amounts with short-term delivery dates, especially in the ELS segment.
Contracts were concluded for:
Medium Staple Cotton
West Africa I/2020
Long and Extra-Long Staple Cotton
Israel Pima prompt
US Pima prompt