Us: Cotton Prices Continue To Rise, Export Demand Is Active

From December 4 to 10, 2020, the average price of standard grade spot in the seven major markets in the United States was 68.29 cents / pound, up 0.73 cents / pound compared with the previous week and 6.69 cents / pound higher than the same period last year. During the week, 98938 packages were traded in the seven major markets in the United States, with a total of 602117 packages in 2020 / 21.

The spot price of Upland Cotton in various regions of the United States is rising, and there is a large amount of foreign inquiry in Dezhou. China, Pakistan and Vietnam have the best demand, while the western desert area has a general foreign demand. The foreign inquiry in St. Joaquin region is acceptable. Prompt shipment is required. The price of Pima cotton is stable, and the overseas inquiry is stable. China's demand is the best. Cotton merchants increase the price of new flowers in 2020.

In that week, domestic textile mills in the United States purchased 41-3 / 4-34 / 36 grade cotton shipped from January to October 2021, and inquired about 41 / 51-5-32 grade cotton shipped from January to October in 2021. The factory continued to carefully increase the starting rate according to the demand of terminal products. The yarn demand was good, and the factory continued to produce front-line personal protective equipment and military goods. American cotton export demand is light, all kinds of special price and low grade American cotton have good demand.