The Supply And Demand Situation Of International Cotton Prices Has Gradually Begun To Clear Up.

The United States Department of agriculture's 9 monthly report increased global production by 200 thousand tons to 22 million 320 thousand tons, and consumption basically remained unchanged. At the beginning of the year, stocks dropped by 136 thousand tons to 21 million 450 thousand tons, and the final stocks increased by 43 thousand tons to 19 million 550 thousand tons.

China

The rhythm of the listing, the pport status and the time that the textile mills get the cotton reserves has an important impact on domestic cotton prices.

If the two parties fail to co-ordinate well, there will still be tension and price fluctuations.

In the main cotton producing countries, Australia's output increased by 152 thousand tons to 762 thousand tons, and the output of cotton in the United States increased 57 thousand tons to 3 million 505 thousand tons. Pakistan increased 54 thousand tons to 1 million 807 thousand tons, and Turkey increased 44 thousand tons to 696 thousand tons. The output of Burkina Faso and Mali increased by 22 thousand tons, 283 thousand tons and 240 thousand tons respectively.

The global cotton import volume has been reduced by 33 thousand tons to 7 million 380 thousand tons, and the export of Australia cotton has increased by 65 thousand tons to 675 thousand tons, and Mali has increased 22 thousand tons to 240 thousand tons.

The reduction was from 65 thousand tons to 850 thousand tons, and Brazil was reduced by 44 thousand tons to 740 thousand tons.

Since August, the international cotton price has stopped rising.

With the increase of rain,

The yield per unit area is expected to increase substantially, and the cotton planting area in India is also reduced by less than 8% previously expected.

The increase in rainfall in the US and India extinguished the enthusiasm of market speculation. ICE futures trading volume gradually reduced to less than 10 thousand hands.

As of mid September, the December contract fell to near 67 cents.

The dynamics of China, the United States and India have an important influence on the trend of the international market.

The current situation is most clear about the United States. This year, US cotton stocks will increase by 240 thousand tons over the same period, an increase of 30%. Even though the recent US cotton exports remain active, the US cotton still needs 70% to export.

If US cotton exports fail to meet expectations, then US cotton stocks will be higher than current forecasts, thus bringing pressure on international cotton prices.

On the India side, the surplus supply of cotton in India this year is only about 500000 tons, less than half of the previous years, and the cotton output in Pakistan has obviously recovered, so the export volume of India cotton will be significantly reduced.

The end of this year's inventory will decline slightly in India. If India cotton export demand emerges, it is still expected to provide support for international cotton prices.