India Cotton Low Price Export Cotton Mill Procurement Remains Low

In the past week, the international spot market is still in the doldrums. The demand for high-grade cotton in South Asia and China has begun to increase. In the next few months, the export of Australian cotton is expected to increase, but it will be very limited. In the case of ICE futures near high and low, cotton manufacturers are more willing to ship as soon as possible, rather than digest inventory.

The Chinese market continues to pay attention to cotton and cotton. There are few transactions in other regions. Basically, they are bought and used, and only some cheap ones. The price of Brazil cotton is still attractive. The recent appreciation of Real may weaken its competitiveness.

India cotton has a certain export sales to China, the price is very cheap, other markets also have a deal. At present, India cotton price is 75 points discount in July, while all other varieties are premium. Brazil cotton, Mexico cotton, American E/MOT, West African cotton and Greek cotton are at 750 o'clock -1350 (M 1-1/8). If the yarn market has not yet fully recovered, the cotton mill may increase the use ratio of India cotton.

India and Pakistan and locusts need to be concerned. At present, the locusts are not too large at the early stage of sowing in India, but the sowing of Pakistan is earlier. The output forecast for the former is 8 million packs. India estimated that the sowing rate of the new cotton in the United States is basically flat at 36 million packs (170 kg / pack).

Overall, the output of new cotton worldwide is still high, and we can only hope that the demand will keep up. After the Muslim end of the Eid al Fitr Festival and the gradual lifting of the blockade, the market demand is expected to recover in June.