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Cotton Demand In The United States Has Deteriorated &Nbsp; Planting Has Been Blocked.

2011/5/10 15:06:00 52

Spot and spot prices

From April 29, 2011 to May 5th, seven major market standards in the United States

Goods in stock

The average price is 155.31 cents / pound, down 5.16 cents / pound compared with the previous week, up 83.11 cents / pound compared with the same period last year.

In the week, the seven spot markets in the United States totaled 10514 packages.

From May 6, 2011 to 12, the price of AWP is 153.18 cents.

Transaction status

During the week, the demand for all major spot markets in the United States was very light, and prices were falling. Foreign enquiries were still scarce. Only Pima cotton had a good demand and prices were stable.

Weather conditions and harvest progress

Nearly 10000 mu of cotton fields have accumulated water, but basically no losses. The drought in the southern part of the Delta has not really alleviated. In addition to the sowing rate of 64% in Louisiana, the progress of other areas is slow. The cotton fields in the Rio Grande River Valley are growing slowly. The drought in the Rio Grande River Valley is still normal, but the drought in the cotton fields is still serious. The sowing of the early sowing fields is hindered by the low temperature in the western part of Texas. The drought is not very helpful for alleviating the drought. The desert areas in the West are sowing and growing normally. After the rainy season in the southeast of the United States, the temperature dropped and the seedlings sprouted poorly. Some of the early sowing fields were insect pests, sowing was blocked, drought and waterlogging varied everywhere, and the heavy rain in the northern part of the delta delayed the sowing.

Pima cotton

When the sowing is basically over, the new cotton is growing well, and some of the cotton areas are still dry.

at home and abroad

Textile mill

Demand situation

In the week, the American textile mill had an enquiry for the shipment of 9-10 grades of cotton and 4 new cotton flowers in the first quarter of this year. The demand for all kinds of spot and immediate delivery specials is also good, but there is no deal.

The procurement of textile mills is still cautious. Most factories start 5-7 days a week. The power cuts caused by storms have affected the operation of some textile mills.

US cotton exports were scarce, and futures prices plunged, leading to a sharp contraction in demand.

Because of the recent market bearish, the procurement of foreign factories is obviously prudent.