Cotton Spot Listing Paction Daily: October 20Th Warehouse Volume Reduced Average Price Rise

In October 20th, the spot trading of the national cotton trading market was 9360 tons, a decrease of 1110 tons compared with the previous day.

The order volume is reduced by 900 tons today, and the total order is 26360 tons.

Today's spot trading contracts opened higher, and the concussion rose and the average price rose.

Same day

Listed pactions have the following characteristics: first, the paction is reduced, nearly months.

Trading continued to slump.

The main paction contract MA1501 clinch a deal of 3010 tons, the rest of the contract turnover of 1700-2240 tons.

Two, the order quantity is reduced. The order quantity of MA1410, MA1411, MA1501 and MA1502 decreased by 120 tons, 120 tons, 440 tons and 240 tons on the same day, and the remaining order quantity changed little.

At present, MA1410 only orders 1300 tons in the recent months, and the main order contract MA1501 orders 9030 tons.

Domestic: Xinjiang seed cotton purchase market continues to maintain rising prices. 20, according to our website, the price of Bole acquisition price in Northern Xinjiang is 6.4 yuan / kg.

The price is 6.6 yuan per kilogram.

Akesu and Korla in the southern Xinjiang increased by 6.4-6.8 yuan / kg, and some of them had been closed.

The price of 3128 grade seed cotton has risen to 3.2-3.5 yuan / Jin in the mainland the Yellow River Valley, and the 1228 class purchase price in the Yangtze River Valley has risen to 3.2-3.3 yuan / Jin.

Abroad: from June 2014 to September, the average rainfall in India was 88% in the long term, 90% in the northern region, 93% in the central region and 88% in the southern peninsula, and the rainfall in most cotton producing areas was normal.

ICE cotton hit the lowest for three weeks in October 20th, for fear of China's demand and harvest pressure.

The ICE cotton futures slipped on Monday, down five trading days, as investors worried that China's demand for the world's largest cotton market was decreasing.

Index ICE-12 cotton fell 0.71 cents, or 1.1%, at 62.29 cents per pound, hitting 62.23 cents in the latest month, the lowest in three weeks.

"We need to harvest, but there is a demand problem," said JackScoville, vice president of PriceFuturesGroup, referring to the decline in demand in China, the main consumer country.

China Cotton Association quoted customs statistics on Monday as saying that in September, 122 thousand and 900 tons of cotton imported, a decrease of 40% compared to the same period, a decrease of 39% over the same period last year.

India, the world's largest exporter of cotton, the United States and the world's largest cotton producer, is expected to start harvesting this year.

It is estimated that American farmers will harvest 16 million 300 thousand bales of cotton in the 2014/15 crop year beginning in August 1st.