US Cotton Prices Rose 30%&Nbsp Compared With The Same Period Last Year.

On -27 May 21, 2010, the average price of the seven largest market standard spot in the United States was 75.52 cents / pound, up 0.51 cents / pound from the previous week, up 24.01 cents / pound compared with the same period last year. ICE futures market contract settlement price in July was 81.28 cents / pound, down 0.81 cents / pound compared with the previous week. In the week, the seven spot markets in the United States totaled 2449 packets, 2385 less than the previous week. May 28, 2010 -6 3, AWP price is 74.22 cents, LDP subsidy is 0 cents.

Transaction status

When the US's major spot markets were not active, the average supply price remained weak, the average price remained strong or rising, the CCC cotton loans were not active, and there was no new flower sales in the western part of the country. Foreign textile mills generally had no enquiry, and the purchase interest of China and Turkey was the largest. There were no new flower sales in the San Yue Jin area, and the domestic textile mills did not purchase. The foreign textile mills generally had inquiries in general, and the demand in China and Turkey was the best. There was no new flower sales in the western desert area. The manufacturers at home and abroad had no enquiry. The demand for Pima cotton was moderate, the average price was stable, and the foreign inquiry on cotton prices in 2009 was relatively low. The inquiry of the new cotton in 2010 was relatively low, and the new flowers were moderately priced in South Korea and Pakistan.

Cotton sowing in spring and weather conditions

12-75 millimeters of rainfall in the southern part of the delta is favorable for most cotton fields, and there is still water in some low-lying areas. At present, Louisiana is still dry, but the temperature is suitable and the new cotton is coming out smoothly. The southwest Texas and Oklahoma generally maintain fine and dry weather. The rain in the first few weeks is beneficial to the growth of new cotton. The sowing in western Texas has been completed by 65%. The seeding of the irrigated fields has basically been completed. The planting of the dry land has just started. The seedling condition is generally normal. The low temperature weather or the yield per unit area has been affected; the western desert region has entered the bud stage; the Pima cotton region has experienced slow and rainy weather, and the cotton growth is slower than the normal level for 3-4 weeks. In the southeast of the United States, there was scattered rainfall in the southeast of the United States, which had little effect on sowing, and the overall condition of the seedlings was good. In the north of the Delta, the temperature rose and the seedlings grew faster after the rainfall. At present, the sowing rate of Tennessee was slow.

Demand situation of textile factories at home and abroad

During the week, the domestic textile mills purchased a small quantity of 4 grade cotton with immediate shipment, and most factories kept their stocks until the fourth quarter. At present, inventory demand for finished products is still strong, and most factories are running at full capacity.

The US cotton export inquiry is good. Bangladesh has purchased some 4 grade cotton with immediate shipment. The demand for high-grade cotton in the Far East is very good, and the demand for some special varieties is good.