US Cotton Exports Predict Low Down Consumption To Enter Low Season

Domestic cotton 3128B price index showed a steady trend of rising slightly, and the price trend of upstream and downstream was divided.

The price of raw materials is rising, the inventory of finished products and prices are falling.

Since the implementation of the cotton target price reform pilot policy, China's cotton prices have returned to the market, cotton farmers' income has been protected, market demand has improved, and cotton textile enterprises' international competitiveness has increased significantly.

But at the same time, the shortage of high quality cotton, the high cost of cotton planting and the lack of kinetic energy in cotton spinning enterprises still need to be solved.

In the international market, the Lido factor prevailed slightly in the sawing battle of the US and cotton export and the predominance of global cotton production.

However, in June, the US agricultural report raised the forecast of global cotton output and lowered the forecast of US cotton export volume.

The report shows that global cotton production in 2017/2018 continued to rise to 24 million 970 thousand tons, an increase of 329 thousand tons compared with May, an increase of 8.2% over the previous year, and an increase of 25 million 360 thousand tons, an increase of 165 thousand tons compared with May, an increase of 2.6% over the previous year. The supply gap is expected to be 390 thousand tons, compared with 1 million 650 thousand tons in the previous year.

The US agricultural report maintained the US 2016/2017 export volume forecast unchanged, reduced the export volume of 2017/2018, estimated 500 thousand packages, and maintained the 2017/2018 production and consumption forecast unchanged. Finally, the US cotton futures inventory was projected to increase by 500 thousand to 5 million 500 thousand packs in 2017/2018, representing an increase of 71.9% over the previous year.

The US agricultural report continued to increase 500 thousand cotton production and consumption in China in 2017/2018. In the end, the end inventory was reduced slightly due to the initial inventory reduction.

current

The new flower sowing has been completed in the traditional cotton area, and the sowing stage is in the late stage.

The weather is good to promote the stable growth of new flowers.

A small number of seed cotton listed, affected by the current inventory tension, cotton prices maintain high, but farmers and cotton enterprises sales will be strong.

Output is expected to increase this year. The number of listed companies has increased since the beginning of July. Cotton farmers and cotton companies are worried about falling cotton prices, and their willingness to ship is strong.

India's domestic cotton prices are stable, and S-6 cotton enterprises offer a price of 43500 rupees, /candy, or 86.25 cents / pound.

The price has not changed since June 7th. Because of the strong cotton prices, the actual turnover is relatively small, and only a small number of low-grade cotton have been traded.

J-34 quoted 4710 rupees /maund, or 89 cents.

According to India Cotton Corp statistics, up to now

In this year, the amount of seed cotton purchase is 5 million 460 thousand tons of lint cotton, which accounts for 94.46% of the total Cotlook expected in India (5 million 780 thousand tons).

It is predicted that India's output will reach 6 million 290 thousand tons in 2017/18.

In addition to China, the end of global cotton inventories increased by 18.1%.

It has risen 7.8 percentage points to 61.6%, a record high, which will suppress international cotton prices for a long time.

The strong export of US cotton has limited the international market in the short term.

Domestic, according to the current throwing and storage rhythm and supply structure, domestic cotton supply is abundant, and prices are hard to say.

The biggest variable is throwing and storing.

In the late period of throwing and storing, there is a possibility of stimulating the price increase because of "hoarding goods", which is also the root of domestic cotton prices.

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