Australia Cotton Turnover Enlarged &Nbsp; Pakistan Flood Impact Is Limited.
In September 6th, Qingdao, Shanghai, Zhangjiagang and other main port bonded areas, some of the traders in India S-6 were 20500 yuan / ton, M class cotton cotton quoted price of 21000 yuan / ton, West Africa Benin grade M cotton quoted price was 20500 yuan / ton, the actual spanaction price could yield 200 yuan / ton, but several foreign businessmen thought that domestic traders had high quoted prices, of which Australia cotton quotation was at least 500 yuan / ton higher.
It is reported that since the beginning of September, floods in Pakistan have intensified, and a large number of cotton fields have been washed away by floods. Some cotton traders estimate that the loss may exceed 1 million packages (less than 200 thousand tons). Therefore, in Pakistan, not only did cotton stop rising in September 6th, but also the cotton yarn quoted price rose to 50 yuan / ton, causing some domestic cotton yarn importers to panic. However, most foreign businessmen said that the actual loss was only 10-20 tons. In the 6 and July of the southern part of Pakistan this year, the floods and the yield and grade of lint have been greatly affected. The recent floods have little impact on the supply and demand side, while the cotton growth and weather conditions in neighboring India are better. lint Reduction and loss.
In addition, since mid August, although some cotton plants in the southern part of the United States have been picked up and listed, but because of the very low lint quality and short fiber length, it is impossible to generate ICE warehouse receipts. And only 40% of the cotton can meet the procurement requirements of buyers. Therefore, in September, most of the international cotton traders were promoting India cotton and Australia cotton in the far months. Only two or three of the foreign businessmen were still mainly American cotton.
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