The News Of Throwing Cotton Reserves This Year Is Uncertain. The Pressure On Cotton Prices Still Exists.

I. futures

The USDA report released on the 9 day slightly reduced the end inventory, but failed to make ICE cotton fall.

The 1605 month contract settlement price was 56.59 cents / pound, down 27 points; the 1607 month contract settlement price 56.58 cents / pound, fell 23 points; 1610 month contract settlement price 56.49 cents / pound, fell 23 points.

On the same day, the main contract was in a declining range throughout the day, although there was a buying support before closing, but it was not enough to break away from the drop zone.

The USDA3 report on demand and supply released on 9 may have not adjusted the data between China and the United States, but

Production is down, resulting in global

Demand has not changed significantly, China will release.

The pressure on cotton prices remains unchanged.

Two, spot

On the 9 day, the CotlookA index was 65 cents / pound, down 45 points.

On the 9 day, the imported cotton price index FCS reported 68.53 cents / pound, down 61 points; FCM reported 65.77 cents / pound, down 42 points; FCL reported 62.74 cents / pound, or 107 points.

On the 9 day, the inquiry for the recent shipment was more active, but due to the uncertainty of the market outlook, there was not much actual turnover.

Recently, Chinese buyers are slightly more active, focusing mainly on cotton and West African cotton.

Three. Dynamics of countries

On the 8 day, the pickup price of India S-6 ginning factory rose 500 rupees to 32750 rupees / candi, 62.10 cents / pound, and 3540 J-34 / mod, 63.90 cents / pound of the pick up price of Punjab's ginning factory.

New flower on that day

100 thousand bags (17 thousand tons).