Pakistan Cotton Prices Remain Stable, New Flowers Purchase Slowly

< p > cotton basic news is mediocre. Cotton in New York period has fallen down under the drag of external grain market.

Cotlook spot prices remain stable.

Pakistan cotton prices remain stable, new flowers purchase slowly; India S-6 cotton prices rise; Zimbabwe cotton production in 2012/13 is expected to substantially reduce; storm weather returned to the northern cotton area of Memphis, Dezhou weather is fine.

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< p > 1, futures < /p >

< p > recent contract settlement price in October was 86.01 cents / pound, down 38 points; the main contract price in December was 85.67 cents / pound, down 52 points; the forward March contract closed at 84.04 cents / pound, down 78 points.

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< p > cotton futures opened smoothly, with a narrow concussion, and selling pressure depressed the main contract in December, which fell below 86 cents / pound, the lowest point to 84.60 cents / pound on the day, then rebounded slightly and ended at 85.67 cents / pound.

Other contracts have generally fallen.

Market volume has been enlarged compared with the previous few days, and spreads are active.

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< p > two, spot < /p >.

< p > CotlookA index is 93.50 cents / pound, unchanged.

The imported cotton price index (FCIndex) SM reported 99.08 cents / pound, down 18 points, M reported 97.26 cents / pound, fell 28 points, and SLM reported 95.32 cents / pound unchanged.

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< p > cotton price in New York is higher than that of most spinning enterprises at present. The few pactions are limited to cotton and immediate demand on the way.

The market pays close attention to India's new flower quotes, but traders are short of opportunities.

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

< p > 23 Pakistan cotton market prices fell slightly, new flower purchase progress is slow, domestic cotton prices generally fell.

The ginning factory is eager to sell its existing stock, and its inventory is limited at present.

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< p > 23 India S-6 cotton ginning factory pick up price increased 400 rupees compared to the previous trading day, about 91.10 cents / pound, the US dollar discount increased 0.9 cents; India Federation a target= "_blank" href= "//www.sjfzxm.com/" > textile "/a" industry minister DrKRao stressed that the domestic textile industry will help reduce India's economic deficit.

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< p > according to professional reports, seed cotton production in Zimbabwe will be less than 200 thousand tons in 2012/13, down 20% from the previous 250 thousand tons.

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< p > the continuous rainfall in Southeast Asia, Alabama, and more precipitation in the southeastern lowlands. The local cotton growth rate is still below the expected number of weeks. Continuous weeks of rainfall have hindered field operations. The temperature in the southern plains of Dezhou is 33-35 degrees Celsius. The local weather has been fine recently. The growth of Dezhou cotton has not changed much since last week, and 58% of the cotton is excellent.

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