Increased Sales Of New Cotton In The US And India And Japan Demand The Best
In the week, the US spot prices fell, and the foreign enquiries in Texas were generally the most demanding. China, Pakistan and Turkey had the best demand. The San Yue Jin area had low foreign enquiries, and India and Japan had the best demand.
Pima cotton
Prices are stable, foreign enquiries are light, and demand in India and Japan is the best.
The average price of the seven largest markets in the US is 68.08 cents / pound, down 1.39 cents / pound compared with the previous week, up 7.28 cents / pound compared with the same period last year.
In the week, seven spot markets in the US traded 15647 packages, and the total turnover was 78945 packs this year.
U.S.A
Southeast China
For sunny to cloudy weather, the drought began to increase in some areas. The yield of cotton fields decreased after the hurricane, and the harvest of new cotton was promoted smoothly. The harvest rate was 19-61%; the weather in the delta area was suitable.
New cotton
Harvest and processing entered the middle and later stages, and the yield per unit area of irrigated fields was higher than that of the whole year, and the harvest was 74-95%.
Harvest in the eastern part of Texas is coming to an end, and the southern and coastal areas are preparing for the spring sowing in the coming year. At present, the planting intention is high, and this year's output and quality are satisfactory. In the western part of the state, the dry and hot areas in West China will be harvested within 10 days, the harvest progress is speeding up, the cotton mill will work overtime, the harvest in the western desert area will be completed by 16-33%, the harvest in the San Yue Jin area will basically come to an end, the harvest of Pima cotton will continue to accelerate, and the snow in the snow mountain area will start to snow.
The domestic textile mills of the United States have an enquiry for the 3 grade cotton shipped in 1-5 next year, and have an enquiry for the 4 grade cotton shipped in 1-5 months. The demand for yarn is acceptable. The sale of terminal products in some areas has begun to increase, but factory procurement is prudent but stable.
US cotton exports are acceptable. China has some enquiries for the 3 grade green card cotton shipped in 11-12 months.
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