27 Jan | 35th International Cotton Conference: Circular Economy –The Future
The “Circular Economy” will be one of the most widely discussed industry subjects at (…)Read more
Bremen, January 23, 2020
Futures Recording Ups and Downs
In the aftermath of the signing of the “Phase One” trade agreement, expectations pushed the New York Cotton Futures upwards. After the holiday weekend in honor of Martin Luther King Jr., disappointment came that China was buying cotton from Brazil rather than the United States, and the indices fell again. The spinning mills used this development to meet their needs, which gave the futures an upswing again.
This development was observed rather sceptically in Europe where the spinners kept their wait-and-see attitude. Inquiries served for orientation in the first place to keep an eye on the further impact on local prices.