The market is still influenced more by macroeconomics and less by fundamentals. During the week we had high volatility with movements in both directions.
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New York Of course, earlier the prices in the December contracts lost a few cents from the recent highs and from this movement it appeared that the demand while the stock market was close to 90 cents was sluggish globally. Interest now focuses on the point at which March prices will balance and what spinners will be able to pay. A small recovery now will convince them to make new purchases. Greek market Movements from Egypt for Greek cotton come to somewhat break the sluggish climate that has been maintained for several weeks in the domestic market. In any case, demand remains tepid, which allows pressures on the premium over stock prices, which have ...
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