International Cotton Prices Fall, Demand Will Revive

Main force of New York ICE Intercontinental Exchange Stage cotton The contract closed at a low point of nearly ten weeks, and the 13 year October contract opened at 84.01 cents, the highest 84.05 cents in the market, the lowest 83.60 cents, and finally closed at 83.60 cents, down 0.41 cents from the previous trading day, with 5 hands in turnover and 151 hands in open positions. 13 years in December, the contract opened at 83.75 cents, the highest 84.15 cents, the lowest 83.22 cents, and finally closed at 83.24 cents, down 0.51 cents from the previous trading day, with 11932 hands in turnover and 135813 hands in open positions. 14 years in March, the contract opened at 82.80 cents, the highest 83.20 cents in the market, the lowest 82.31 cents, and finally closed at 82.31 cents, down 0.51 cents from the previous trading day, with 3169 hands in turnover and 35067 hands in open positions.

On Thursday, investors levelled their bet on rising prices and overwhelmed buyers in the market. Cotton futures Prices fell to nearly 10 weeks low. Traders say the market has been consolidating after a sharp fall of about 10% last week.

The ICE futures exchange's cotton futures in December fell 0.6% to 83.24 cents / pound, the lowest closing price since January 24th.

INTL FCStone chief fibre and Textile economist Gary Raines expects that demand will become more active when prices are close to 80 cents / pound. "I think demand will recover when prices fall," he said. However, he said he would not be surprised if prices dropped to 75 cents / pound in the fall.

The US Department of Agriculture reported Thursday that in the week ending August 22nd, the current annual export volume is 68800 bales. Mr. Raines said: "in general, this is the figure that the trade wants to see, but it is not a very impressive number.

In the week of -22 August 16, 2013, the US 2013/2014 cotton sold 68800 standard export packages. The main buyers are Turkey (52100 pack), Vietnam (14000 pack), South Korea (7300 pack), Peru (5500 pack), and Thailand (5200 pack). The report was withdrawn from Japan (17800 packs) and China (17700 packages). 2014/2015 net sales of 2200 MT, the buyer is Turkey.

There are 189200 packages of cotton exported to the mainland. The main destinations are China (49900 packages), Mexico (32100 packages), Turkey (31000 pack), Vietnam (23400 pack), and Taiwan (8800 pack).

2013/2014 American Pima cotton net sales of 10200 packages, the main buyers are China (6300 packages), Turkey (1800 pack), Pakistan (1100 pack), and India (400 pack).

　　 Pima cotton There are 11800 packages for export. The main destinations are China (7700 packages), India (2000 packs), Pakistan (900 packages), and Japan (600 bags).

In August 30th, the US cotton spot market SLM 1-1/16 "cotton (chroma 41, leaf chip 4, fiber 34) average price 79.89 cents / pound, the highest annual price 89.14 cents in August 16, 2013; the lowest price in August 21, 2013 79.86 cents; 1 3/32" cotton (color 31, leaf cuttings 3, fiber 35) average price 84.34 cents / pound.

In August 30th, 146 cotton bags were sold in the US spot market, and 18899 bags were sold this year.

In August 30th, the United States spot market, Pima cotton, 2 (fiber 46) 145 cents / pound, 3 (fiber 44) 128 cents, 3 (fiber 46) 133 cents, 0 bags, annual turnover 0 bag.

The US Department of Agriculture announced the global adjustment price (AWP) of 73.28 cents on -8 29 August 23rd.

In August 30th, the Cotlook cotton Outlook Index fell, and the A index fell 40 points, to 89.55 cents / pound.

August 30th, China Cotton price Index CC Index 328 national average weighted average price closed at 19158 yuan / ton, down 4 yuan. CC Index 527 closed at 16850 yuan / ton, down 0 yuan, and CC Index 229 closed at 20000 yuan / ton, down 4 yuan.

In August 30th, China's cotton import price index (FC Index M) was 95.19 cents, down 0.41 cents.

In August 30th, Zheng cotton 1401 contract opened higher after the oscillation dropped, opened at 19915 yuan / ton, closing at 19855 yuan / ton, compared with the previous trading day fell 55 yuan / ton, trading volume decreased slightly, positions decreased by 2606 to 59840 hands.

In August 30th, the Zhengzhou PTA1401 contract opened at 8002 yuan / ton, closing at 8014 yuan / ton, down 98 yuan / ton compared with the previous trading day, or 1.21%. Trading volume dropped to about 571 thousand and 300 hands, and holdings dropped by 68250 to 401 thousand and 800.

In August 30th, the US stock market closed up, the S & P index (1638.17, 3.21, 0.20%) rose for second consecutive trading days, and the volume was light. Us GDP data in the two quarter are better than expected. The market is worried about the situation in Syria. The possibility of a military attack in Syria has been reduced, and US stocks have been pushed forward. In an interview with PBS NewsHour on Wednesday, US President Obama said he had not yet determined whether to attack the Syria government and said he did not want to drag the United States into a protracted conflict.

The Dow Jones (14840.95, 16.44, 0.11%) industrial average rose 16.36 points to 14840.87 points, or 0.11%, while the NASDAQ [micro-blog] (3620.3, 26.95, 0.75%) composite index rose by 26.95 points, at 3620.30 points, or by 26.95.

New York Mercantile Exchange gold futures fell $5.90 to settle at $1412.90 an ounce. Crude oil futures in October fell $1.30 to settle at $108.80 a barrel.