China Buys India Cotton And Many Textile Enterprises Choose To Continue To Wait And See Market.

Affected by Diwali, India's domestic cotton yarn prices have stabilized.

Continued to fall.

In order to ensure the profits of textile enterprises, the price of cotton yarn in India has not dropped sharply with the fall in international cotton prices.

According to statistics, the FOB price of JC30S in India last week was 3 US dollars / kg, down 3.85% from last week, down 1.64% from the past 3 months, up 20.97% over the same period last year.

The price of FOB for T65/C35 30S is $2.75 / kg, down 1.79% from last week, up 1.85% over the past 3 months, up 22.22% over the same period last year.

On the Chinese market, India's export prices to the Chinese market continued to decline, of which JC21S's FOB price fell 7 cents from last week, down 2.75%, up 16.98% from the same period last year; the FOB price of JC32S dropped 8 cents from last week, down 3%, up 6.97% from the same period last year.

I. futures

The main 1612 contract settlement price is 68.07 cents / pound, down 53 points; 1703 contract settlement price 68.68 cents / pound, down 45 points; 1705 contract settlement price 69.26 cents / pound, down 42 points.

On the 3 day, the main contract rose first and then fell, and encountered resistance at 69.19 cents. The lowest score was 68 cents below the bottom of the 137 point shock interval.

To October 27th, this year the United States

The total contracted volume reached 6 million 384 thousand packages, which was 55% of USDA's projected exports, compared to 4 million 178 thousand last year, which is 41% of the forecast volume for the year.

Shipment of US cotton 2 million 207 thousand bales this year.

Two, spot

On the 3 day, the CotlookA index was 77.50 cents / pound, up 55 points.

On the 3 day, the imported cotton price index FCS reported 81.78 cents / pound, up 45 points; FCM reported 78.52 cents / pound, up 48 points; FCL reported 76.24 cents / pound, up 47 points.

2 days ICE cotton has risen slightly, and fell again on the 3 day.

Choose to continue to wait and see, so there is not much deal.

The focus of the international market is still on the India cotton with more competitive prices. At present, exploratory inquiries for international carriers are mostly used for comparison with local exporters in India.

In addition, China bought part of India cotton shipped in December.

Indonesia, Vietnam and other Asian markets are dull, and buyers' psychological prices are mostly lower than selling quotes.

Three. Dynamics of countries

On the 3 day, the India S-6 new flower ginning factory's delivery price quoted 38000 rupees / candi (72.70 cents / pound), down 300 rupee / candi compared with 2 days, fell to the lowest point since the new flower came to the market in late 9 month, and Punjab J-34 increased slightly by 50 rupees / mod de la ruby / mod (72.35 cents / pound).

At present, India has 15 thousand and 300 tons of seed cotton.