New Flower Listing Rebounded Limited International Cotton Quotes More Stable

In the near future, ICE cotton declined steadily, and spot trading on 25 days was dull. Most cotton spot quotes were also stable.

In view of the weakening trend of cotton futures and the picking pressure of cotton producing areas (especially in India) and other factors, textile enterprises or traders are cautiously buying; Chinese textile enterprises are still more active in enquiry due to the fact that the quota of 2016 has not yet been used up, but some traders are worried about delays in shipping delays.

Market expectations last week

Sales progress is higher than the average of nearly 4 weeks, ICE cotton fell slightly rebounded.

The main 1612 contract settlement price is 69.26 cents / pound, up 77 points; 1703 contract settlement price 69.87 cents / pound, 85 points; 1705 contract settlement price 70.30 cents / pound, 76 points.

On the 26 day, spot prices in India stabilized and there was even an upward trend in northern quotations, of which the S-6 price fluctuated between 38200-38500 rupees / candi (73.25 cents / pound in the middle price); Punjab J-34 3990 rupee / mod (72.50 cents / pound), up 50 rupee / mod on the 25 th.

On the day of seed cotton new flower day listing, 107 thousand cotton bags (18 thousand and 200 tons) of lint cotton were sold. The weather was fine and the picking was more successful. In early November, India's Diwali holidays will affect the seed cotton market volume.

Recently, the quotation of individual yarn imported from the domestic stock market has been greatly reduced, and the downstream pick-up is still not active.

According to traders feedback, mainly due to bad grey cloth market, followed by some old customers gradually switch to domestic yarn.

However, the sale of some imported yarn has always been acceptable in some areas. Taking Lanxi as an example, customers in the region often use Taiwan yarn and Tianhong yarn, mainly because the quality of these two kinds of yarn is better, and the package bleaching is also available in homogeneous imports.

。

The trader sighed: at present

The overall market is bad, the next 2 months more wait-and-see attitude, keep small stocks, see next year's market.

The quotation of imported yarn is down, and traders are not confident enough.

Recently, the weather in Kazakhstan has deteriorated, and the domestic temperature has dropped to 0 -5 C.

Owing to the influence of rain and snow, the quality of the listed seed cotton purchased by the ginning factory is rather poor, and some ginning plants have suspended the purchase.

It is reported that as of 26, Kazakhstan has listed 155 thousand tons of seed cotton this year, accounting for 90% of the expected output this year. According to official forecasts in Kazakhstan, the seed cotton output in Kazakhstan is 236 thousand tons this year.

It is also understood that the initial export situation of Kazakhstan cotton is good, but exports have been sluggish in recent weeks. At present, Kazakhstan cotton is the main exporter of Russia.