2 Million 700 Thousand Tons Of New Flowers Picked In Uzbekistan

Due to the suspension of the US government and the suspension of all important data, the ICE lack of direction guidelines for cotton was vulnerable to shocks. India's cotton prices are stable, rainfall in the central part of the country, Pakistan's public holidays are approaching, the market is slowing down, the air temperature in Central Asia is decreasing, and the new flower picking in Uzbekistan is 2 million 700 thousand tons.

I. futures

The main contract price in December was 83.17 cents / pound, down 3 points, the forward March contract closed at 84.01 cents / pound, up 3 points, and other forward contracts rose slightly.

The market opened slightly higher, and the early trading was supported by the support of the purchase. The main contract reached a maximum of 84.26 cents on that day. At this time, the market closed down, and the contract fell to 83.13 cents at the lowest point of the day, with a concussion of 113 points. The final value of the contract ended at the lowest level since September 5th, and it fell for fifth consecutive trading days.

Two, spot

On the 10 day, the CotlookA index was 89.40/ cents, down 30 points. Imported cotton price index (FCIndex) SM reported 98.95 cents, down 26 points; M reported 97.03 cents, down 38 points; L reported 95.51 cents, down 20 points.

10, the spot market demand is strong. Enquiries mainly come from Chinese textile enterprises, aiming at Australia cotton and shipping cotton in the bonded area. Besides, West African cotton, India Chen cotton stock, Uzbekistan cotton and Tanzania cotton are also selling well. Japanese textile enterprises purchase the four quarter shipment of Australian cotton, Pakistan textile enterprises to purchase new flowers in India and Brazil next year.

Three. Dynamics of countries

On the 10 day, the price of new cotton and Chen cotton of S-6 cotton in India was stable. There were partial showers in Maharashtra, central and Gujarat on the same day, and dry weather in other cotton areas, and the progress of seed cotton purchase continued to accelerate.

On the 10 day, cotton prices in Pakistan stabilized. Due to the next week's holiday, activity in the market declined, the procurement of textile enterprises was slow, the progress of seed cotton purchase slowed down, and demand for textile enterprises was obvious, providing support for the price of the cotton mill.

Most of the Central Asian region has recently been hit by cold air. Uzbekistan's current flower picking is 2 million 700 thousand tons, 80% of the total expected.