Us: Cotton Spot Prices Fall, Market Demand Is Active
On the 2-8 th of May 2019, the average price of the seven standard market spots in the United States was 67.45 cents / pound, down 3.78 cents / pound compared with the previous week, down 14.08 cents / pound compared with the same period last year.
In the week, seven major markets in the US traded 21210 packages, totaling 1162325 packages.
The cotton spot prices in the United States declined, and the foreign enquiries in Texas were very active. The demand in Indonesia, Turkey and Vietnam was the best, and the enquiries in the western desert area and San Yue Jin area were light or general. The price of Pima cotton was stable and the enquiry was normal abroad.
During the week, the domestic textile mills in the United States had a small number of enquiries for new grade 31-3-36 cotton shipped from November 2019 to March 2020, and most factories had sufficient stock on spot and in the near future.
The demand for us cotton exports is generally high, but with the increase in ICE cotton prices, Indonesia has purchased a small quantity of recent shipment of grade 4 cotton and grade 5 cotton. Turkey has a demand for low-grade cotton. Mexico has a demand for 4 grade cotton and 5 grade cotton new flowers shipped in 1-9 months in 2020.
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