US Cotton Demand Shrank &Nbsp; Drought Continued In Western China.
Spot and spot prices
From May 13, 2011 to 19, seven major market standards in the United States
Goods in stock
The average price is 152.48 cents / pound, up 5.77 cents / pound from the previous week, up 77.47 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 20, 2011 to 26, the price of AWP is 142.14 cents.
Transaction status
During the week, the demand for the domestic spot market was very light, the price rose, and the foreign enquiry was scarce. Only the Pima cotton demand was good and the price was stable.
Weather conditions and harvest progress
When the weather was cold and rainy in the southeastern part of the United States, the sowing time was different.
cotton
Thousands of acres of cotton were flooded in the southern part of the Delta, and the ten thousand acres of cotton fields were flooded. The Rio Grande River Valley in the southern part of Texas was very sparse and scattered, and the drought was still not improving. The western part of Texas was still extremely dry, and the sowing was still limited to irrigated fields. After the sowing of the new cotton fields in the dry land, there was no seedling emergence due to lack of water. The cotton growing in the western desert area was normal. However, the wind and wind in the desert area made the area still extremely short of water. There was a small amount of rainfall in the San jonking area and the sowing rate slowed down. After the emergence, the growth was weak; the weather in the northern part of the delta was normal, and the new cotton planting and growth progressing steadily.
Demand situation of textile factories at home and abroad
When week, the American textile mill has an inquiry price for 3 and 4 cotton new flowers delivered in 1-3 next year.
Textile mill
Purchase
Still cautious, most factories start 5-7 days a week.
Shipment and production delays in some textile factories are affected by recent bad weather.
US cotton exports are scarce. Because of the low price of other varieties, the demand for us cotton has obviously shrunk. The best demand is low grade and low price varieties.
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