Cotton Fell In A Comprehensive Decline, The US Cotton Inspection Volume Is Much Lower Than Last Year.

< p > 27 days, New York < a href= "//www.sjfzxm.com/news/index_c.asp" > cotton < /a > fell in full and recalled the previous day's gains.

Spot prices are rising.

The United States cotton accumulated 10 thousand tons of inspection, far behind the same period last year. On the 27 day, India cotton prices rose, the market paction was limited; Pakistan's expected cotton production was down to 2 million 150 thousand tons this year; Sultan cotton Co., Ltd. will auction 2781 tons of cotton next week.

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< p > 1, futures < /p >

< p > recent contract settlement price in October was 84.50 cents / pound, down 75 points; the main contract price in December was 84.15 cents / pound, down 75 points; the forward March contract closed at 83.36 cents / pound, down 69 points.

The market entered a consolidation after last week's crash.

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< p > cotton stage slightly opened high, the main contract in December morning fluctuated around 84.8 cents, up to 90.39 cents on that day. After the afternoon, the external grain market fell and cotton slipped rapidly during the afternoon. The contract was basically concussion between 84.1-84.2 cents in the second half of the contract.

On the same day, the external grain market generally declined, and the crude oil market rose.

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< p > two, spot < /p >.

< p > 27, CotlookA index 90.50 cents / pound, up 65 points.

< a href= "//www.sjfzxm.com/news/" > imported cotton price < /a > index (FCIndex) SM reported 97.76 cents / pound, up 144 points; M newspaper 95.89 cents / pound, up 140 points; L newspaper 95.35 cents / pound, 123 points.

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< p > with the slight callback of New York cotton in the previous day, the price of upland cotton increased on the 27 day, and the purchasing demand of textile enterprises was suppressed.

However, because the main contract in December was a big drop last week (near 84 cents), many Southeast Asian textile enterprises were relatively active in procurement.

India and other countries textile enterprises purchase West African cotton, Bangladesh purchase Ukrainian cotton, China bought a large number of cotton last weekend, the third quarter shipment is still mainly concerned about India new flower.

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

< p > according to the report of the US Department of agriculture (USDA), by the year August 22nd, the new flower of 2013/14 in the United States is still only being inspected by Dezhou. When it was sent to 6049 tons in the week, the total annual inspection was 10076 tons, all of which were upland cotton, and 58.9% of them reached New York's trading requirements.

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< p > 27, the lifting price of India India Chen cotton ginning factory rose 750 rupees compared to last Friday, which was about 94.80 cents / pound, up 2.3 cents from the previous day. The cotton trading volume in India was very low due to the rise in cotton prices.

India's state-owned Cotton Corp (CCI) auctioned off 3774 tons of BunnyBrahma cotton on that day.

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< p > 26, the Pakistan cotton Assessment Board (CCAC) held its second meeting in Islamabad, the capital of the year, to reduce its a href= "//www.sjfzxm.com" > cotton yield < /a > to 2 million 150 thousand tons from the estimated 2 million 247 thousand tons.

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< p > Sultan cotton Co., Ltd. will auction 2781 tons of 2012/13 Barakat cotton for shipment in 9/10 month, and the auction will be held on 3-5 September.

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