Analysis Of Latest Cotton Market Dynamics (9.10)

< p > < strong > cotton rebounded in New York period > a href= "//www.sjfzxm.com/news/index_c.asp" > India cotton price < /a > but continued to decline < /strong > /p >

< p > 6, New York cotton rebounded sharply with the support of US cotton export data.

Spot prices fell.

Pakistan cotton prices remain stable and market purchases are positive; on the 6 day, cotton prices continued to fall in India; most of the cotton growing areas in the United States were sunny and warm last weekend.

< /p >

< p > 1, futures < /p >

< p > the recent October contract closed at 83.24 cents / pound, up 84 points; the main contract price in December was 83.21 cents / pound, up 91 points; the 1403 month contract closed at 82.59 cents / pound, up 70 points.

< /p >

< p > the market opened steadily. The main contract in December was narrowly concussion between 82.2-82.4 cents in early trading. After that, the US cotton export data increased sharply compared with the previous week, which led to a sharp rebound in the market. The contract reached a peak of 83.39 cents on the day, and some of the gains rose at the end of the day, and the market still rose sharply.

The 1310 month contract fell 46 points this week, down 28 points in 1312 months and 15 points in 1403 months.

< /p >

< p > two, spot < /p >.

< p > 6, CotlookA index 88.35 cents / pound, down 40 points.

Imported cotton price index (FCIndex) SM reported 97.38 cents / pound, down 43 points; M reported 95.43 cents / pound, down 30 points; L reported 93.65 cents / pound, down 38 points.

< /p >

< p > with the fall of New York's < a href= "//www.sjfzxm.com/news/" > cotton > /a > the day before, trade prices were slightly loosened, and potential demand in the Far East market appeared, but buyers' psychological prices remained low.

Indonesia and Pakistan buy small quantities of West African cotton.

< /p >

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

< p > 6, the global and local cotton market fluctuates little. Cotton prices in Pakistan remain unchanged, seed cotton purchase speed is accelerated, textile enterprises purchase actively, and market supply is rapidly digested.

< /p >

< p > 6, India's S-6 cotton mill has picked up 150 rupees compared with the previous day, and the rupee strengthened against the US dollar, which was about 93.10 cents / pound, up 130 points from the previous day.

< /p >

The weather in the middle and southeast parts of the United States and the delta cotton region entered a mature period, and the weather was almost ideal last weekend. < p >

Wet weather in southern Dezhou delayed field work and picking time.

The temperature in western Arizona is 41 degrees Celsius on 6 days. Local temperatures on the weekend have reduced local temperatures.

The cotton boll opening rate increased in the central and Southern cotton region in the southern and central parts of the delta.

< /p >

< p > < strong > cotton prices in Pakistan remain unchanged, and textile purchasing becomes positive. < /strong > < /p >

< p > 6, the price of the global and local cotton market has no obvious fluctuations. The domestic cotton prices in Pakistan remain unchanged, and the acquisition speed of seed cotton is accelerated. < a href= "//www.sjfzxm.com" > textile enterprises < /a > purchasing actively, the market supply is rapidly digested.

< /p >

< p > on the same day, the delivery price of Xin Hua Hua Hua Hua factory in Sindh province is 6750-6800 rupees /maund and 6700-6750 rupees /Maund in Punjab province. On the import side, Pakistan imports thousands of tons of new flowers of India S-6 cotton, and the shipment price is 85-86 cents / pound in December.

< /p >

< p > < strong > South Akesu Kashi concentrated picking cotton enterprises acquisition caution < /strong > < /p >

< p > > as of 8 and 9 September, there are several cotton ginning plants purchasing 100-200 tons of seed cotton in Akesu's Kuping and West Bridge. The purchase price of 40% garment seed cotton is from 8.90-9.10 yuan / kg (although there is a price of 9.20-9.40 yuan / kg, but the clothing is generally around 41-42%, and the proportion of pre dress clothes is higher than 42%). The seed cotton is mainly trafficked from Kashi after the acquisition of cotton traders.

< /p >

< p > September 8th, the willingness to rush to harvest of some of the opening mills has dropped. On the one hand, there are more showers in some cotton fields in Kashi and Akesu recently. The cotton seeds sold by cotton farmers and cotton dealers are relatively large in moisture content, and the cost is substantially increased after the acquisition. On the other hand, 40% clothes are more than 9 yuan / kilogram, and even if there is no profit in the storage of the ginning plants, and wait for the "2013 storage regulations" to come out, < a href= "//www.sjfzxm.com" > cotton enterprises < /a > acquisition is gradually cautious.

< /p >

Since P, September 5th, the main cotton producing areas such as Akesu and Kashi in southern Xinjiang have entered the picking season. Some growers have picked dozens of tons of seed cotton for sale. However, most cotton farmers do not have the habit of storing cotton at home. Therefore, one way is to sell directly to cotton traders after harvesting, most of which are in 8.60-8.80 yuan / kg; the other way is to directly pport to the nearest cotton mill which has not yet opened up scale, weighing and measuring water only, and not negotiating prices.

< /p >

< p > it is understood that although 2013 years of southern Akesu flower picking workers are very nervous, many large farmers still have a serious shortage of workers, the local Uighur compatriots become the main force of employment. However, due to the increase in seed cotton purchase price, the cost of cotton planting is increased by about 10% compared with last year, so the cost of picking up in Akesu is still 1.90-2.10 yuan / kg, and some cotton producing counties in the county are 2.20-2.30 yuan / kg.

< /p >