Us Spot Price Rises, Cotton Market Usher In "Peak" Moment

The average price of the seven largest markets in the US is 69.47 cents / pound, up 2.6 cents / pound from the previous week, up 7.63 cents / pound compared with the same period last year.

In the week, seven spot markets in the US traded 18347 packages, and the total turnover was 62548 packs this year.

The domestic textile mills in the United States have an inquiry for the shipment of grade 3 and grade 4 cotton in the first quarter of next year. The factory has sufficient stock at the spot and in the near future, and the demand for air spinning and ring spinning is acceptable, but the purchase is prudent but stable.

The US cotton export is acceptable, and Far East has an inquiry for all kinds of low grade and low price varieties.

When the US spot price rose and the prices in Texas were stable, China's inquiry was light and required prompt shipment. The San Yu Jin area's overseas enquiries were light and the demand for sawtooth and roller was in demand. Cotton traders said that textile mills had a great interest in high-grade cotton, Pima cotton prices were stable, foreign enquiries were reduced, cotton prices remained strong, and India and Pakistan were still strong.

Best.

The weather in the southeastern region is fine and warm. There are still accumulated water in the eastern part of the North Carolina. After the hurricane, the local yield decreased slightly. The rot bell and the stiff cotton were very common. The proportion of the bad growth increased from 14% to 35%. Many areas had been attacked by heavy rain for second consecutive years in the harvest season, and the other areas harvested rapidly. However, the hurricane still caused many areas to reduce production, and the harvest progress was between 10-51%.

The temperature and rainfall in the delta area were slightly affected. The yield per unit area was generally higher than that of the whole year. The harvest was completed by 45-87%. The rainfall in the eastern part of Texas had resulted in a reduction of 25-50% in some areas. The processing and packing of the cotton mill were in full swing. The processing in southern Texas had been completed, but the harvest in other parts of eastern Texas was slow, but the yield was very good. The weather in West Texas was excellent, the harvest was progressing very smoothly and the yield per unit area was very good.

Harvest and processing enter climax.