By Olivia Agar | Source: Mecardo, Riemann
Riemann traded at low volumes again this week. The contracts traded were set with expiry dates into the second half of 2018. The previous few weeks had not seen any contracts dealt past June 2018 so the softening physical market may be encouraging more distant coverage in this week’s trade.
Two forward contracts were traded for 19 micron fibres. The expiry dates were further out that what we have seen of late. One trade was dealt at 1,900¢ for an August 2018 expiry while the other dealt at 1,860¢ for a September expiry.
A minimum price contract also traded this week for 19 micron fleece. It was dealt with a strike price of 1,700¢ with a 27¢ premium. The grower has until October 2018 to decide whether they will take out the option.
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