Cotton Prices Go Up Too Fast, China Cancels 35700 Orders

Recently, the world's largest cotton consumer China cancelled 35700 packages. Cotton orders 。

The ICE of the Intercontinental Exchange (16-4-2015) fell to its lowest level in the two week on Thursday. The US government's export sales figures show that the new sales have been cancelled, prompting investors to sell cotton, which has supported the weakening of the US dollar to the cotton market.

The most active trading in July Stage cotton Down 0.42 cents, or 0.6%, closed at 64.58 cents a pound, dropping to 63.83 cents in April 2nd.

Cotton contracts in May fell 0.58 cents, or 0.9%, at 64.01 cents a pound.

After the US Department of Agriculture announced weekly export sales report, cotton futures fell. The report showed that in the week ended April 9th, the net cancellation of 21800 bales of cotton was mainly due to the cancellation of 35700 cotton orders by China, the world's largest cotton consumer.

The export market report is expected to be weak, as cotton prices rose to a six month high last week, reducing demand. But Sharon Johnson of Wedbush Securities said that the weekly export sales report showed that the news of net cancellation could still induce speculators to sell.

"Cotton prices have gone up too fast. The market is coming down, "Johnson said." she added that many textile mills still need to price for cotton, and they are waiting for further decline in futures prices.

Related reports

China Textile City: Printed cotton fabric Active sales

In recent years, China's textile city has increased the number of printed cotton cloth hanging models in the summer, and the spot listing has increased significantly. With the growth of demand, the spot subscription of counterpart merchants has increased significantly, and the number of orders has increased significantly. Reactive printed fabrics are the mainstream of marketing. Flat screen printing, carving printing and digital printing fabrics occupy a certain market share. Innovative and innovative fabrics are quite active. The price of some fancy printing and digital printing new style fabrics has gone up slightly.

The printed cotton cloth was active and sold smoothly. People's cotton yarn 40S * 40S, 100 x 80 specifications reactive printed cotton cloth, 30S x 30S, 68 x 68 reactive printed cotton cloth, cotton yarn 32S x 32S, 66 x 66 reactive printed cotton cloth, cotton yarn 30S x 30S, 60 * 60 printed cotton cloth, creative flower fabric sales are quite good. Some locally listed styles have been refurbished and creative fabrics have been active.