International Cotton Market: Sporadic Inquiry In The Market

The compact spinning combed cotton yarn is generally maintained, and the price is basically maintained. A factory in Shaanxi has quoted 32000 yuan / ton of compact spinning JC60S, with a slight increase in inventory and a strong mindset in the later stage.

The price of imported yarn is strong, and negotiations are generally concluded. The price of Nantong Vietnamese machine woven OEC21S is quoted at 16700 yuan / ton, and the profit of traders is further squeezed under the late cost increase.

The seasonal order of core spun yarn is coming to an end. The atmosphere of the negotiation is flat and the price is still stable. The price of 28S is 25000-25500 yuan.

Changyi, Shandong

The price is stable, the sales are not smooth, the original white quality is 32S, the price is 13600-14000 yuan / ton short delivery, the full black yarn 32S price is 13200 yuan / ton short delivery.

Generally speaking, the sales volume of cotton fabric is generally stable, and the overall price is basically stable, with a slight fluctuation. Most manufacturers reflect that the order is acceptable at the moment, but there is a downward trend in the later stage. The average level is around 65-70%, and the overall confidence in the market is insufficient.

On the 25 day, after the Thanksgiving Day, the market sentiment had not yet recovered, and the turnover was very light. The ICE cotton main contract fell sharply in the market. During the cotton price rose last week, the US cotton exports did not decrease, which helped cotton prices recover most of the land lost.

The main contract has been down six days, but due to stable demand for us cotton exports, cotton prices are expected to decline in limited space.

1612 contract settlement price 72.65 cents / pound, down 43 points; main 1703 contract settlement price 71.25 cents / pound, down 36 points; 1705 contract settlement price 71.90 cents / pound, down 41 points.

The main contract was weak throughout the day, the lowest in the intraday fell to 70.40 cents (-124 points), this price was bought back to support more than 71 cents, and finally closed down slightly, the main contract this week dropped 107 points compared to the previous week.

According to the US Department of agriculture (USDA), 11.11-17 for a week, 2016/17 signed 57 thousand and 800 tons of cotton exports in the United States, an increase of 19% over the previous week, an increase of 52% over the previous four weeks, and an export shipment of 30 thousand tons, an increase of 35% over the previous week, an increase of 9% over the previous four weeks average.

In the year of 2016/17, the contract volume of the US Pima cotton export was 998 tons, 26% less than the previous week, 39% less than the previous week, and 2699 tons of export shipment.

2017/18 year

The export volume of upland cotton is 10 thousand tons.

On the 25 day, the CotlookA index was 80.20 cents / pound, unchanged.

On the 25 day, the price index of imported cotton FCS was 84.09 yuan / pound, flat; FCM reported 81.08 cents / pound, flat; FCL reported 79.09 cents / pound, unchanged.

24 days ICE cotton because of Thanksgiving stop disk for subsequent price trend brings uncertainty, so 25 day spinning enterprises mostly choose to continue to wait and see market.

Bangladesh textile enterprises have less inventory and more active purchase. It is understood that some western African cotton have been signed.

There are also sporadic inquiries in other Asian markets.

In addition, the export of India Pakistan is not yet conclusive.

The ban is an unofficial and temporary measure and will be renewed this week.

On the 25 day, the India S-6 ginning factory maintained a price of 39250 rupees / candi (73 cents / pound). At present, there are 19 thousand and 200 tons of cotton lint in the local market, of which the proportion in Gujarat is over 1/3.

At present, the India Pakistan export incident has not brought panic to Pakistan's local cotton trade: Pakistan textile enterprises show their composure and actively buy their new flowers.

The move strongly boosted local quotations, and the price of new flower mill rose to 6200-6400 rupees / Moore, 4500-5500 rupees and Moore.

It is also known that the new flower on the market may be picked for second, third times, so the quality is slightly inferior to the early stage.

According to the US Department of agriculture (USDA) report, on the 11-17 day of November 2016, the amount of us land cotton export contracted in November 2016 was 57 thousand and 800 tons, an increase of 19% over the previous week, an increase of 52% over the previous four weeks. The main buyers in China (19 thousand and 800 tons), Vietnam, South Korea, Turkey, China, Taiwan, Mexico, India and Nicaragua cancelled part of the contracts.

In the year of 2016/17, the export volume of 30 thousand tons of Upland Cotton in the United States increased by 35% compared with the previous week, increasing by 9% over the previous four weeks, mainly to China (6509 tons), Vietnam, Mexico, Indonesia and Brazil.

In the year of 2017/18, the US cotton export volume was 10 thousand tons, and the main buyers were Mexico, Japan and Indonesia.

In November 2016, 11-17 weeks a week, 2016/17 signed 998 tons of Pima cotton export contract, a decrease of 26% compared with the previous week, a decrease of 39% compared with the previous week. The main buyers of Vietnam, Pakistan, China (204 tons), India and Indonesia cancelled part of the contracts.

In the year of 2016/17, the export volume of American Pima cotton was 2699 tons, 3% less than the previous week, 6% higher than the average value of the previous four weeks, mainly shipped to India, Vietnam, Pakistan and Turkey.