Dynamics Of Cotton Market Dynamics In Various Countries

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P > July 14th, ICE cotton, in addition to the recent decline in the recent October contract, rose slightly; the new flower bud rate of the United States cotton was 70%, the rate of fruit sitting was 25%; the southwest monsoon in India entered the main production area, the price of S-6 cotton fell on the 14 day; the new flowers in Pakistan were listed slowly; the Egyptian cotton subsidies will be introduced and the export tax rebates will be reduced.

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< p > < strong > 1, ICE cotton look back < /strong > /p >

< p > October contract settlement price was 68.60 cents / pound, down 14 points; 1412 month contract closed at 68.30 cents / pound, up 18 points.

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< p > because a href= "//www.sjfzxm.com/news/index_s.asp" > market < /a > bad news has been fulfilled, buyers buy cotton futures to stabilize, when the cotton market generally rose after the opening date, the main 12 contract ended since June 27th, the trend has continued to decline, the end of the market closed slightly up 18 points, the market outlook is expected to rebound; external grain market and oilseed futures rose.

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< p > < strong > two, spot comment < /strong > < /p >

< p > July 14th, Cotlook A index fell 83.35 points / pound 50 points; import cotton price index (FC Index) SM newspaper 89.33 cents fell 35 points; M newspaper 84.72 cents down 27 points; SLM newspaper 79.94 cents down 45 points.

In July 11th, the price of cotton fell, and the purchasing volume of textile enterprises did not increase significantly.

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< p > < strong > three, and each country's dynamic < /strong > /p >

From 14 to July, the emergence rate of new cotton flowers was 70%, which increased by 17 percentage points compared with that of the previous week (June 30th -7 4). The fruit setting rate of new flowers was 24%, which was 12 percentage points higher than that of the previous week (June 30th P 4), and 86% new flowers grew normally.

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In July 14th, the pickup price of India S-6 cotton mill went down to 89.9 cents / pound. In the main producing area of India, there was rain in July 14th in the Gujarat State, and the northern part of the southwest monsoon has entered Rajasthan and Gujarat states in July 14th.

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< p > cotton is growing well in Pakistan, and the supply of new flowers is tight. Pakistan sells 3200-3350 rupees per 40 kg seed cotton.

Affected by Eid, the sale of lint is slow.

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< p > Egypt's Ministry of agriculture will make a new purchase of the lowest price, and reduce the export tax rebate 16%.

Last week (7-11 July) Giza86 < a href= "//www.sjfzxm.com/news/index_c.asp" > export > /a > 160 tons, FOB at 159 cents / pound.

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