India New Flower Once Attracted Pakistan Textile Enterprises To Actively Purchase

International ICE cotton climbed, domestic textile enterprises demand stable, internal and external dual advantages strongly support the local new flower price.

It is understood that last week, Pakistan textile enterprises bought some SLM grade green card cotton at the US procurement summit.

Recently, some textile enterprises also bought other high-grade cotton, including India DCH-32 cotton and Turkmenistan long staple cotton.

I. futures

Due to the tight supply of new flowers in India's monetary policy, ICE cotton continued to rise on the 16 th.

1612 contract settlement price 72.13 cents / pound, up 144 points; main 1703 contract settlement price 71.69 cents / pound, 121 points; 1705 contract settlement price 72.28 cents / pound, 118 points.

On the 16 day, ICE cotton mainly showed an upward trend. After the opening of the main contract, the trend rose steadily, and the contract price before the closing period was in the upper part of the trading range.

Affected by India's monetary policy, the acquisition of seed cotton is currently very difficult. Many local seed cotton purchasing stations have been suspended and the export has been hampered, resulting in the shortage of new flower supply.

Two, spot

On the 16 day, the CotlookA index was 79.05 cents / pound, up 120 points.

On the 16 day, the imported cotton price index FCS reported 82.98 cents / pound, up 100 points; FCM reported 79.72 cents / pound, up 103 points; FCL reported 77.63 cents / pound, up 118 points.

16 days ICE cotton prices rose to promote international spot, most of the increase

"Hope prices sigh", the market volume is not much.

The new currency policy in India has brought inconvenience to the local market. At present, the parties are paying close attention to its market dynamics.

Some traders believe that once the India seed cotton market returns to volume, the local new flower sales pressure is bound to increase.

Three. Dynamics of countries

Affected by the new currency policy of India,

Supply has shrunk dramatically, and the paction is limited.

At present, 11 thousand and 200 tons of cotton lint are listed on the market, of which 0.22 are Gujarat and 4 thousand and 300 tons are Maharashtra.

The market is paying close attention to the local cotton seed market and the trend of new flower prices.

Affected by the tight supply of raw cotton now, the pickup price of S-6 cotton ginning plant rose 400 rupees to 39750 rupees / candi (74.80 cents / pound) on the 16 day, compared with the 15 day, Punjab J-34 also rose 30 rupee / Moore, 16 daily, 4100 rupee / mod (73.50 cents / pound).

Due to abundant supply and price advantage, India new flower once attracted Pakistan textile enterprises to actively buy, but since the implementation of the 8 India currency new deal, local quotations have been rising, and some India exports.

Because the supply of new flowers has shrunk dramatically and temporarily unable to supply, Pakistan textile enterprises will turn their attention to other varieties.

Pakistan's domestic performance has been stable in recent years, compared with the confusion of its neighboring markets.

The only drawback is that there is a slight decline in the quality of new flowers in recent years, and that they are willing to raise their prices in order to get quality guaranteed supply.