USDA Cotton Spot Review This Week
According to the weekly report of the Department of agriculture of the US Department of agriculture, the average price of cotton spot in the month of July 16, 2010 -7 22 rose 114 points compared with last week.
Basic quality as of Thursday (July 22, 2010)
cotton
(color 41, leaf chip 4, fiber 34, micron value 35-36 and 43-49, strength 26.5-28.4, uniformity 81) the average price in seven designated markets a week is 76.19 cents per pound.
This week's average price is higher than last week's average price of 75.05 cents and last week's average price of 55.44 cents.
The highest price on Sunday averaged 76.90 cents on Friday (July 16th) and the lowest point was 75.34 cents on Tuesday (July 20th).
As of the end of July 22nd, the spot price report of the cotton spot market reported a total of 0 packages per day, compared with 393 packets last week, and 31721 packets in the same week last year.
In the same year, spot pactions totaled 888355 packages, compared with 1367353 packets in the same week last year.
Thursday's ICE New York cotton settlement price in October was 79.57 cents, compared with 78.52 cents last week.
The US Department of Agriculture announced that the adjusted world cotton price (AWP) is:
Unit: cent, execution time: July 23, 2010 -7 29 days.
Adjusted world price (AWP) 65.84ELS super long cashmere competition payment 0
Insufficient loan payment (LDP) 0.002009 year cotton fine adjustment 0.28
Coarse adjustment (CCA) 0.002010 year cotton fine adjustment 0.38
The US Department of agriculture's Commodity Credit Corp announced a special import quota for upland cotton, which allows imports of Upland Cotton in the United States for one week.
The quota will be established in July 29, 2010, allowing 14717826 kilograms (67598 bales) of cotton to be imported.
No. ninety-seventh cotton.
Purchase
No later than October 26, 2010, the time to enter the United States is not later than January 24, 2011.
The amount is equivalent to the amount of cotton used by the domestic textile mills in the week, based on the seasonally adjusted average annual consumption from April 2010 to June 2011, and the data come from the last 3 months.
As regards the increase of the quota, if the price conditions permit, the increase will be announced.
Southeast market.
Cotton spot trading stopped.
Growers offer light.
Demand is moderate.
The average local price has gone up.
The supply is light.
CCC- loan interest trading stopped.
Central and Southern markets.
In the northern part of the Delta, cotton spot trading is stagnant.
The supply is light and the demand is light.
The average local price is getting stronger.
CCC- loan interest trading stalled.
In the southern part of the Delta, cotton spot trading stopped.
The supply is light and the demand is extremely light.
The local average price is stronger.
CCC- loan interest trading stopped.
The southwest market.
Eastern Texas / Oklahoma spot trading is lazy.
Growers reported light sources.
Demand is moderate.
The local average price is stronger.
The supply is very small.
CCC- loan interest trading stopped.
In Western Texas, cotton spot trading is lazy.
In 2009, the supply of cotton was light and the demand was good.
Local average spot prices are strong.
CCC- loan interest trading stopped.
No forward contract or domestic textile factory behavior report.
Enquiries for foreign textile mills are stable.
China, India, Indonesia, Korea and Thailand have the largest number of enquiries.
Western market.
The spot cotton trade in the southwestern desert area (DSW) is stagnant.
Supply and demand are light.
The average local price is getting stronger.
No forward contract or domestic textile factory behavior report.
San waking Valley (SJV) cotton spot trading lazy.
The supply is light.
The demand is light.
Local spot prices have strengthened.
No forward contract or domestic textile factory behavior report.
Enquiries for foreign textile mills are stable and the delivery period is October /11 months.
The shipper reports that enquiries are built on demand and existing cotton sources before the import quota expires.
Pima cotton.
Spot trading is lazy.
Supply was light in 2009.
Cotton demand was good in 2010.
The average spot price is stable.
Enquiries for foreign textile mills are stable.
India, Germany, Pakistan and Japan have the largest number of enquiries.
The minimum guarantee price is 2 for color, 2 for leaf and 2 for fiber 46-, and 125 cents for each pound, UD free.
Almost no sign.
Textile mill report.
Enquiries made by domestic textile mills are moderate.
The demand source is September /10 cotton production (chroma 41, leaf chip 4, fiber 34).
Demand for finished products is still strong, and most factories continue to operate at full capacity.
Enquiries for export channels are good.
Demand for cotton remained stable in 2010, from the fourth quarter of 2010 to the first quarter of 2011.
Far East has the best demand for cotton in 2010 (better color 41-, better leaf litter 4-, longer fiber 34-).
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From the national perspective, the buds rate increased to 86% at the end of the week, an increase of 4 points compared with the same period last year, an increase of 8 points over the five years.
As of July 18th, the fruit setting rate of cotton in the whole country was 41%, an increase of 11% over the same period last year, an increase of 7% over the 5 year average fruit setting rate.
US Census Bureau report June 2010
Textile mill
The average daily consumption of cotton is 13300 packs.
Less than last month's 13700 package, but higher than last June's 12400 package.
In June (5 weeks), the total consumption of 332000 packages was higher than that of last month (4 weeks) of 275000 packages, as well as 311000 packets of June last week (5 weeks).
By the end of June 2010, the cotton inventory of textile mills totaled 157000 bales.
By contrast, last month, there were 147000 bags in stock and 171000 bags at the end of June last year.
At the end of June 2010, the total cotton stocks totaled 3476000 bales, 4975000 bales last month, and 6766000 bags at the end of June.
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