US Cotton Spot Market Week Trend (November 22, 2013 -11 28)

< p > the weekly average price of cotton spot on the 28 month of November 22, 2013 -11 rose 28 points compared with last week, according to the weekly report of the marketing department of the US Department of agriculture a href= http://www.91se91.com/news/index_s.asp.

As of Thursday (November 28, 2013), the basic quality cotton (chroma 41, leaf chip 4, fiber 34, micron value 35-36 and 43-49, strong 27.0-28.9, uniformity 81.0-81.9) in seven designated markets a week the average price is 74.54 cents per pound.

The average price this week is higher than last week's average price of 74.26 cents, compared with 68.24 cents a year earlier.

The lowest daily average price is 73.49 cents on Friday (November 22nd), the highest point being 75.28 cents on Tuesday (November 26th).

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< p > up to the end of November 28th, according to the daily cotton spot market paction report, spot pactions totaled 44838 packages, compared with 44836 packets last week, and 88477 packets in the same week last year.

This year, spot pactions totaled 265687 packages, compared with the total turnover of 511891 packages in the same period last year.

Thursday's ICE New York cotton settlement price in March was 78.44 cents, compared with 78.35 cents last week.

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< p > < strong > the United States Department of Agriculture announced that the special import quota of No. sixteenth cotton is less than /strong > /p >

< p > the US Department of agriculture Commodity Credit Corp announces the special import quota of the land cotton, and allows the import of the land cotton equivalent to the domestic a target= "_blank" href= "http://www.91se91.com/" > textile > /a > plant weekly consumption.

The quota was established in December 5, 2013 and allowed 13544062 kilograms (62207 bales) of land cotton.

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The quota of < p > sixteenth will be established in December 5, 2013. The purchase time of upland cotton is not later than March 4, 2014, and the time for entering the United States is not later than June 2, 2014.

The amount is equivalent to a week's cotton consumption in the domestic textile mills. The calculation is based on the seasonally adjusted average consumption in December 2012 -2013 February, which is the most recent three months data available.

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< p > in addition to the published quota, if the price terms are justified, the Ministry of agriculture will also announce an increase in the import quota.

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< p > < strong > < a > href= > http://www.91se91.com/news/index_c.asp > > cotton > /a > production area > /strong > /p >

< p > southeastern market.

Cotton spot trading is moderate.

The supply is moderate.

Demand is good.

Growers offer moderately.

The local average price is stronger.

CCC- loan interest trading is inactive.

The grower delivered the previously signed cotton.

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< p > Central and Southern markets.

In the northern part of the Delta, cotton spot trading is inactive.

The supply of cotton is very small.

The demand is light.

The average local price is strong.

CCC- loan interest trading is inactive.

No forward contract report.

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< p > the southern part of the Delta, cotton spot trading is light.

The supply is light.

Growers offer light.

Demand is good.

The average local price is strong.

CCC- loan interest trading is inactive.

No forward contract report.

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< p > Southwest market.

Spot trading is active in eastern Texas / Oklahoma.

The quantity is moderate.

Demand is moderate.

The local average price is stable.

CCC- loan interest trading is inactive.

Foreign enquiries are mild.

Most enquiries in textile mills are white grade, fiber 36- longer, no foreign matter, or low micron value, and immediate delivery of cotton.

Enquiries are most active in China.

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< p > western Texas.

Spot trading is active.

There are many offers and growers.

Demand is good.

The local average price is stable.

The grower delivered the previously signed cotton.

CCC- loan interest trading is inactive.

Some shippers are very picky about the batch they want to buy.

Enquiries for foreign textile mills are stable.

Most enquiries in textile mills are white grade, fiber 36- longer, no foreign matter, or low micron value, and immediate delivery of cotton.

Enquiries are most active in China.

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< p > western market.

The spot cotton trade in the southwest desert area (DSW) is inactive.

The supply of cotton increased in 2013.

Growers offer light.

The demand is light.

The grower delivered the previously signed cotton.

The average local price is strong.

No forward contract or domestic textile mill report.

Enquiries in foreign textile mills are light because ICE cotton is strong.

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< p > St. SJV.

Spot trading of cotton is in a state of inactivity.

The supply of cotton is moderate and demand is stable.

The average local price is strong.

The grower delivered the previously signed cotton.

No forward contract or domestic textile factory activity report.

Enquiries in foreign textile mills are light because ICE cotton is strong.

Most of the enquiries in textile mills are other domestic cotton.

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< p > American Pima cotton.

Spot trading is inactive.

The quantity is moderate.

The demand is light.

The local average price is stable.

Enquiries in foreign textile mills are sluggish.

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< p > textile mill report.

Domestic a href= "http://www.91se91.com" > textile mill < /a > buyer's enquiry is light.

The report shows that most textile mills have made up for the cotton they need in the first quarter of 2014.

Earlier, the contracted cotton supply entered the circulation channel, and the delivery increased steadily.

Most textile mills plan to limit their downtime on Thanksgiving Day; many textile mills will maintain 24 hours of operation, while some factories plan to suspend production for 4-7 days according to their finished customers' plans.

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< p > demand for export channels is good.

The representative of Indonesia textile mill purchased the right amount of cotton delivered in January (chroma 31, leaf chip 3, fiber 35).

Agents in the Far East are inquiries about secondary or low grade cotton every day.

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