There Is No Improvement In India Cotton Sales.

In the past week, the international cotton spot market remained calm, and the export of Australian cotton was particularly dull. The cotton mills were using the cheapest varieties to meet the needs of production.

Since April 2nd, the ICE futures contract has surged from 50.18 cents to more than 60 cents in December, with a rebound of over 22%. Although the yarn market has stabilized slightly at the present stage, the yarn price in China has dropped by 2.5-3% since April, and the decline in India has reached 6%, while Pakistan has dropped by 12%.

At present, the base of S-6 SM 1-5/32 in India is at 200 points (December contract), that is to say, it is less than 60 cents, and the base price of the transaction is about 100. Argentina M 1-1/8 (length 35/36) price is almost the same, Brazil cotton M 1-1/8 base is basically less than 600 points, the base in China reached 1000-1050 points, but nearly half a month of transactions have been very few.

It is reported that in recent days, there are some sales of India cotton in China's Port Free Trade Zone. The price of M 1-1/8 per ton is 900-1100 yuan lower than that of American cotton and Brazil cotton, which is 50-850 yuan lower than Xinjiang cotton.