USDA US Cotton Spot Week Review (3.27-4.02)

According to the weekly cotton weekly of the Department of agricultural products of the US Department of agriculture, the average price of cotton spot in March 27th to April 2nd increased 99 points from 09 to April 2nd.

As of Thursday (April 2nd), the basic quality cotton (chroma 41, leaf chip 4, fiber 34, micron value 35-36 and 43-49, strong 26.5-28.4, neat degree 81) in the seven designated markets a week the average price is 40.57 cents per pound.

This week's average price is higher than last week's average price of 39.58 cents, but lower than last week's average price of 62.73 cents.

The lowest price on Sunday is 38.85 cents on Friday (March 27th), the highest point is 41.55 cents on Tuesday (March 31st).

As of the end of April 2nd, the spot cash report of the cotton spot market report totaled 70959 bales per day, compared with 60186 packets last week, and 22006 packets in the same week last year.

In the same year, spot pactions totaled 919566 packages, compared with a total of 1457044 packages in the same period last year.

Thursday's ICE New York cotton settlement price in May was 46.13 cents, compared with 43.96 cents last week.

The US Department of Agriculture announced that the adjusted world cotton price (AWP) is:

Unit: cent, execution time: 03 April 2009 - 09 April.

Southeast market.

Cotton spot trading is active.

Growers offer moderately.

Demand is moderate.

The local average price is stronger.

The quantity is moderate.

CCC loan interest is not traded.

Growers consulted cotton signing in 2009.

Central and Southern markets.

Cotton spot is not active.

Growers offer very little.

Demand is sluggish.

Local spot prices are strong.

CCC loan interest trading is moderate.

No forward contract report.

Domestic and foreign textile factory proxy inquiry is very few.

No sales report.

The southwest market.

Spot trading in eastern Texas / Oklahoma is slow.

Growers offer moderately.

Demand is scarce.

The average local price is strong.

CCC loan interest trading is active.

Growers began consulting the cotton contract in 2009, and cotton traders were not interested in signing new cotton.

Cotton trading is slow in Western Texas.

The local average price is stronger.

CCC loan interest trading is moderate.

The ICE cotton market is much higher than the previous week.

Foreign textile mills inquiry is stable, mostly looking for low price spot cotton.

Enquiries are most active in Pakistan and Turkey.

Shipper reports are available in India, Pakistan, Thailand and Turkey.

Most shipments say that foreign business has slowed down because the ICE cotton futures market has become stronger.

Western market.

Spot trading of cotton in the SJV river basin is not active.

In 2008, the supply of cotton was huge and demand was scarce.

The local average price is stronger.

In the southwest desert area (DSW), spot trading of upland cotton is not active.

CCC- loan interest trading is slow.

The supply of cotton is moderate.

Demand is good.

The local average price is stronger.

Enquiries for foreign textile mills are stable.

The main source is cotton with a shade of 31, 3 of leaves and 35 of fiber.

Pima cotton is slow in spot trading.

In 2008, the supply of cotton was huge.

Demand is scarce.

There are not many offers.

The local average price is stable.

The domestic textile factory inquired for the appropriate 4/5 month delivery SJV Pima cotton.

Enquiries are few in foreign textile mills.

Textile mill report.

Domestic textile mill buyers purchase a small amount of 2007 cotton, chroma 41, leaf chips 4, fiber 32, immediate delivery, belong to the production of cotton in urgent need.

The buyer of the textile mill also inquired for the right amount of cotton delivered in June to August, with a chroma of 42, 5 of the leaves and 32 of fiber.

The report shows that a few textile mills have compressed production plans because of poor demand.

Some textile mills postponed or cancelled earlier scheduled cotton to reduce cost inventories.

Enquiries for export channels are moderate.

The China and Thailand textile mills have asked the appropriate amount of the US Department of agriculture green card grade cotton, chroma 31 and 41, leaf chips 3 and 4, fiber 35 - longer, the delivery period is /6 months in May.

The buyer of Taiwan textile mill inquired for the right amount of cotton delivered in May, with a chroma of 42, 4 of leaf dust and 33 of fiber.

New York cotton settlement price, spot market average price, "A" and "B" index price (cents / pound)