The International Cotton Is Growing Steadily &Nbsp; The Textile Factory Is Actively Importing Cotton.

stay USDA Before this month's forecast of supply and demand, ICE cotton continued downward under economic pressure, and the forward spot price declined, and buyers' enquiries increased.

First, ICE cotton look back.

On the 6 day, the ICE cotton market opened slightly lower, and the shock rose. equity market And the commodity futures market was depressed by selling, while the cotton futures were dragged down by the periphery. The sales volume dropped sharply under speculative selling. The main contract in December closed at 74.32 cents / pound, down 121 points.

According to market analysis, at present, the United States is facing the economic "no job recovery". Recently, whether a new round of economic stimulus plan should be implemented should be renewed in the academic and political circles of the United States. In view of the unstable foundation of economic recovery, Obama defined "growth" as the keynote of the US economy. However, under recent international and domestic economic situation, the United States is facing a dilemma of continuing to stimulate the economy and reduce the deficit. The US dollar trend and its impact on the commodity market also need to be observed.

Two. Goods in stock Review

On the 6 day, the CotlookA index was not generated; the new flower A index remained unchanged at 84.35 cents / pound. FCIndexS is quoted at 93.32 cents / pound, with a discount of 1% tariffs. The port delivery price is 16191 yuan / ton, sliding tax discount 16677 yuan / ton, FCIndexM 91.43 cents / pound, 15867 yuan / ton respectively and 16356 yuan / ton respectively; FCIndexL newspaper 88.35 cents / pound, respectively, 15339 yuan / ton and 15833 yuan / ton respectively.

Textile factories in Southeast Asian countries and India in recent days have been actively importing foreign cotton, including newly shipped cotton and new flowers for next year.

Three. Dynamics of countries

According to statistics from the US Department of agriculture (USDA), the overall bud emergence rate of new cotton flowers in the United States was 64% on 4 July, up 16 percentage points from the previous week, 56% in the same period last year, and 55% in the last five years. The overall fruit setting rate was 15%, an increase of 7 percentage points from the previous week, 13% over the same period last year, and an average of 15% in the past five years. The overall seedlings were relatively stable, with the excellent rate of 13%, good 52%, general 26%, poor 7%, very poor 2%.

Due to timely and favorable rainfall in the main cotton producing area, India cotton production is likely to increase.

Pakistan's domestic cotton prices continue to rise. The new cotton gin plant in Punjab has raised the price of goods to 102.30-103.75 cents / pound, and the sales situation is stable.