Global Cotton Inventory Consumption Ratio Fell ICE, Cotton Prices Welcome Supply And Demand Level Positive

According to USDA statistics, the net contract volume of US cotton exports in was 41 thousand and 600 tons, 47% less than the previous week, 45% less than that of the previous four weeks, and China, India, Vietnam, Turkey, Pakistan and other contracts declined to varying degrees.

Some foreign businessmen and India cotton enterprises reflect that the enthusiasm of the buyers from Bangladesh, China, Vietnam and Indonesia has also dropped rapidly due to the strong rebound in factory prices in the past month or more (S-6 factory price rose from 71.5-72 cents / pound to 78.2-78.5 cents / pound), from buyers in Bangladesh, China, Vietnam and Indonesia.

In Qingdao, Zhangjiagang, Shanghai and other ports, a small amount of India cotton arrived at the port and entered the bonded warehouse in 2016.

Besides, there are not many domestic cotton textile mills and middlemen who can see goods and pick up goods in MCU5 and S-6 stores.

For the upcoming March

Institutions and foreign businessmen generally believe that "short-term equity, long-term benefits", on the one hand, cotton reserve grade, length and breaking strength ratio and other indicators do not match the demand for spinning high yarn, and it is difficult to compete with the US cotton, Australia cotton and Brazil cotton in 2017. Moreover, the difference between domestic and foreign cotton prices is still 800-1000 yuan / ton (EMOTSM compared with Xinjiang cotton), and imported cotton still has strong competitiveness; on the other hand, with the overall inventory of China's cotton reserves, the global cotton consumption ratio has dropped, ICE and cotton prices have been favorable to supply and demand level, and the rebound rate has increased significantly in 2018-2019 years. Besides, from the external market, the rebound period of commodities is not yet over, and the international cotton price is worth looking forward to. Large scale rounds, some

From late December to late January, India cotton arrived early, with shorter length, larger horse and larger fracture strength (28GPT), and little difference from the quality of domestic cotton. Most of the buyers of high spun yarn and combed yarn were postponed for 20-30 days.

In the first half of January, the price of India cotton S-6 1-5/32 and S-6 1-1/8 rose to 81.50 cents / pound, 81 cents / pound (the price quoted by foreign businessmen, and the price of India ginning factory is less than 1.10-1.25 cents / pound) compared with that in mid December, which rose by 5-6 cents / pound over the middle of December, much higher than that of the international buyers.

While China's domestic cotton spot continued to oscillate, the difference between domestic and foreign cotton prices continued to shrink, some textile enterprises and traders wait-and-see mood warming, postponed.

India cotton, Australia cotton (4/6 month shipping date) inquiry and order.

Some international cotton traders said that the cotton resources that could be delivered and delivered in January were even more concerned, such as lint in Mozambique, Uganda, Burkina Faso and Mali.

In the middle of January, a cotton trader arrived in Qingdao, Zhangjiagang, MOZAR (MID LS) and OLAMO Mozambique cotton. The quotations were 81.75 cents / pound, 82.75 cents / pound, only slightly higher than India cotton S-6; Turkey CARVA (Abt SLM) 1-5/32 and DARVA/S (Abt)) only 82.50 cents / pound, 82.50 cents / pound, respectively, higher than that of India India cotton cents / pound, but lower than January shipping date, cotton, cotton, cents, and pounds.

According to the analysis of the industry, although the color grade of West African cotton is slightly worse (grade 31 and grade 41), the spinnability indexes such as strength, length and horse value are better. The short fiber rate and impurity rate are also acceptable in the spinning mill. The varieties of cotton planted in West African countries are relatively few, and the consistency is strong. 100% of them are hand picked cotton, and the "three silk" control is better than India cotton. The main operation body of West African cotton is single, mainly several large international cotton traders.

For more information, please pay attention to the world clothing shoes and hats net report.