US Cotton Spot Price Rises Slightly Recovered

　　 Spot and spot prices

On the 24-30 th of October 2014, the average price of the standard market spot in the seven largest markets in the United States was 63.89 cents / pound, up 1.18 cents / pound from the previous week, down 11.73 cents / pound compared with the same period last year. In the week, the seven spot markets in the United States traded 63833 packs, an increase of 33267 packets from the previous week, an increase of 46195 packages compared with the same period last year. From October 31, 2014 to November 6th, the price of AWP was 49.57 cents / lb.

Transaction status

When the market was active in the southeastern part of the United States, the supply and demand were stable, the average price of the spot was stable, the CCC transactions were slow, the demand was good, the spot price increased, the CCC transactions were not active, the demand for supply was increased, the spot price decreased, the CCC loans were traded, and the foreign textile factories had not received much enquiries. The transactions in the desert area were positive, the supply and demand was stable, the spot price increased, no forward sales were available, the domestic textile mills had no inquiry, and foreign textile mills had a small number of inquiries; the trading in San Yue gold basin was not active, the supply and demand was insufficient, the average price of the spot rose, no spot sales were available, and the domestic textile mills had no enquiry, and CCC loans were traded abroad. Textile mill There are a small number of enquiries; Pima cotton trade is dull, new cotton supply is tight, demand is flat, spot price is stable, no forward sales.

Weather and picking

Zhou, Southeast weather Clear, defoliation and picking speed up. The central and southern parts of China suffered cold air attacks and precipitation occurred in some areas. Warm and dry in West Texas, field work and new cotton processing are progressing smoothly. There is no rainfall in the desert and San covenant basin, picking and processing continues.

　 Demand situation of textile factories at home and abroad

During the week, the domestic textile mills in the United States had a good demand for the 3 class cotton shipment at sight, and also asked for the 4 grade cotton shipped in 1-6 months next year. Most textile mills run 5-7 days a week, airspinning and ring spinning. demand Stable, denim demand is good. US cotton exports are general. Far east textile mills have asked for cheap cotton and low grade cotton and no spot deal.