Us Recent Cotton Price And Paction Pattern Analysis

From November 21, 2008 to 27, the average price of the seven largest market standard spot in the United States was 41.11 cents / pound, up 2.77 cents / pound from the previous week, down 17.81 cents / pound compared with the same period last year.

Transaction status

In the week, the upland cotton spot pactions in the United States were flat and the prices rose. The CCC loans in central and southern regions were active, and the domestic and foreign textile factories were scarce in their enquiry, and no deal was made in the cotton textile industry in Southwest China. The western region was not active, the supply and demand were general, the prices were rising, the cotton merchants had no intention of purchasing, and the market had little demand for SJV cotton. The foreign textile mills had a small inquiry on the C/A land cotton produced by the roller mills, and some textile mills were interested in mixing the Pima cotton and the upland cotton; the spot prices in the western desert area increased; the Pima cotton trading was not active, the new flower supply increased, the market demand was light, and the domestic and foreign manufacturers made scarce enquiries, so there was no forward sale for the CCC.

Cotton picking and weather conditions

Basically, the factory has been running at full capacity and the temperature in the central and southern regions has dropped 25-50 millimeters, and the temperature has dropped. Most of the area has been picking up. The eastern Texas and Oklahoma weather are speeding up, and the cotton processing is speeding up. In West Texas, there are too many soil moisture, and the cotton plants grow two times, and the yield is ideal everywhere. Due to the late arrival of new cotton this year, most processing plants did not stop work during the Thanksgiving holiday. The harvest of the San Jen gold area ended. Cotton farmers were busy sending new cotton to the processing plant and putting them into CCC loans. 5-12 mm of rain appeared in the central part of the valley, which was the first rainfall in 9 months. The picking and processing of the western desert area and Pima region continued. In the southeast of the United States, the harvest was progressing smoothly in many areas.

Demand situation of textile factories at home and abroad

Domestic textile mills have purchased some new grade 4 cotton, and shipped 2-5 months in 2009. Due to poor product sales, some textile mills during the Thanksgiving holiday have the longest vacation period of 2 weeks.