November 3Rd: Cotton Quotes Remain Strong

In November 3rd, except

C/A cotton rose 1 cents, but the price of China's main port of other producing areas and varieties imported cotton has not changed.

Over the past few years, the cotton stocks outside the port have been declining, especially the high-grade cotton is favored by the textile mills. Meanwhile, the weather conditions in the main cotton producing areas of the United States are variable, resulting in strong external prices.

However, China has issued a series of regulatory policies to make the market worried about China's future cotton demand. In the long run, there is limited space for rising cotton prices.

In November 3rd, the international cotton index (SM) 77.77 (cents / pound, the same below) unchanged. The average trade port delivery price was 14227 yuan / ton (calculated according to the sliding tax, the exchange rate was calculated at the Bank of China's middle price), the international cotton index (M) was 73.09 cents, unchanged, and the general trade port delivery price was 13821 yuan / ton.

The prices of main varieties are as follows:

In the SM 1-1/8 grade cotton, the price of the American C/A cotton is 81.10 (cents / pound, the same below), and the general trade port delivery price is 14529 yuan / ton (calculated according to the sliding tax, the same below).

American E/MOT cotton

For 75.60, the general trade port price is RMB 14052 yuan / ton.

Australia cotton quotation is 87.87, discount general trade port delivery price 15202 yuan / ton.

Uzbekistan cotton quotation is 83.60, discount general trade port delivery price 14782 yuan / ton.

The quotation for West African cotton is 72.35, and the general trade port delivery price is 13776 tons.

The price of India cotton is 73.60.

The general trade port is 13881 yuan / ton.

The US E/MOT M 1-3/32 "grade" cotton price is 73.40, and the general trade port delivery price is 13864 yuan / ton.