Colosseum a.s. (Colosseum a.s.)
Commodities  |  November 13, 2012 09:06:28

Cotton above thanks to a recovery in China

ColosseumPrice of cotton jumped yesterday above the highest rate in the last three weeks because the current numbers from China confirmed a high probability of increased interest on the part of cotton this Asian superpower. Chinese exports in October grew fastest in the last five months, signaling the economic recovery in the country and a strong likelihood of increased demand for materials, which include the cotton. It is already a certain revival of the cotton market to see. In the week ending 1st November sales were U.S. cotton doubled compared to the previous week. This is mainly thanks to higher demand from China. The March cotton on ICE Futures U.S. yesterday strengthened by 1.1% to 71.2 cents per pound of weight.

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