India Cotton Prices Rebounded In The Long Staple Cotton Market

Since September 25th, the purchase price of long staple cotton in Awati, Sha Ya and Kuche has increased by about 0.2-0.3 yuan / kg along with the spot price of fine cotton and lint.

On the 27-28 th of September, the purchase price of long staple cotton (33% lint and 13% of water content) was 7.6-7.8 yuan / kg, and the price per ton increased by 0.12-0.15 yuan / kg.

At present, the picking of long staple cotton in Akesu is in full swing, and the picking rate is about 10%-15%.

The purchase price is lower than that of cotton farmers, which is expected to be 0.9-1.0 yuan / kg. Therefore, farmers and cotton brokers are mainly cotton producers, and the heat of sale before eleven is reduced to freezing point. The purchase market of the whole long staple cotton is relatively deserted, and it is estimated that the purchase price of long staple cotton can be really formed after October 5th.

In contrast to cotton farmers' reluctant sale, Akesu and Korla long staple cotton ginning plants are more active.

First, the listing price of long staple cotton is low this year. Therefore, the ginning enterprises believe that the risk of purchasing and processing long staple cotton this year is much lower than that of fine staple cotton. Two, the profit of the long staple cotton processing market is apparent, and the purchase price of 7.55 yuan / kg (long staple cotton 33-34% lint) is calculated.

In the early stage, the direct cost of the "137 and 237 tier" flower was about 18500-19000 yuan / ton, even if it was short, down, warehousing and financial cost, it was only 19000-19500 yuan / ton, while the current "137, 237 grade" long staple cotton price was still 21000 yuan / ton, 20000 yuan / ton.

Although the recent week in India

The price of cotton yarn has basically changed. The export shipment will be reduced again after the export quotation is raised.

Because

India textile factory decided to wait and see before the new flower came up a lot.

Last week, international cotton prices rebounded sharply, cotton prices in China rose, cotton yarn prices also began to rise.

In contrast, India's domestic cotton prices are expected to begin to decline as the concentration of new cotton concentrates on the market in October, and the decline in November will be even more pronounced in India.

This summer, cotton prices rose sharply in India due to soaring cotton prices, which greatly reduced India's export of cotton yarn to China.

At the same time, Pakistan's cotton mill has benefited from it. Because China still needs some particular yarns, the price of Pakistan yarn is basically the same as that of China.

Recently, the quotation of India's cotton yarn export has shown signs of rebound because of the revival of cotton prices in September, so yarn sales may be under pressure.

Related links:

The net contract volume of US cotton exports in 2016/17 was 20 thousand and 800 tons, a decrease of 54% from the previous week, a decrease of 63% over the previous four weeks, the lowest in the current year. The new signing came mainly from China (4 thousand and 900 tons), Indonesia, South Korea, Portugal and Pakistan.

Turkey, Mexico and Honduras cancelled part of the contracts.

2017/18 signed 2630 tons of cotton in mainland China, Portugal and Japan.

The installed capacity of land cotton in 2016/17 was 34 thousand and 800 tons, 3% less than the previous week, and 13% lower than that of the previous four weeks.

They are mainly shipped to Vietnam, Turkey, Mexico, Pakistan and India.

In 2016/17, the net contracted volume of Pima cotton was 4 thousand and 900 tons, an increase of 33% over the previous week, but increased by 33% compared with the previous week. The new contract came from India, Egypt, China (340 tons), Thailand and Turkey.

Japan cancelled part of the contract.

In 2016/17, the pport volume of Pima cotton was 1655 tons, 8% less than that of the previous week, but decreased by 9% compared with the average value of the previous four weeks. It was mainly shipped to India, China (476 tons), Pakistan and Thailand.