International cotton prices fundamentals bearish on futures short-term support spot - tight supply Textile information - Textile net - Comprehensive textile clothing

- on July 10 14 week, international cotton prices continue to fall, the ICE futures fell sharply, contract fell in October 2. 6 cents, or 3. The December contract fell 7%, 2. 9% to close at 66. 58 cents. Cotton import costs down to Vietnam and Bangladesh, China, India and Pakistan's domestic cotton prices are still high in the week, the United States department of agriculture's monthly supply and demand forecast, the modest increase in global cotton production and consumption, but increase sharply this year and next year's ending stocks. While 2017/18 cotton stock is expected to drop for the third consecutive year, China but outside China inventory increased for the second consecutive year, China inventory consumption to 103% lower than expected, outside China inventory consumption than expected from 51 this year. 5% to 58%. The above fundamentals negative result in cotton prices fell sharply. Since mid-may, ICE cotton futures fell more than 20% from the highs, heralding the late cotton bearish. At the same time, the international spot market prices also fell sharply, courtney Luke A index with ICE futures fell sharply, as of the new index fell to 76 last weekend. 85 cents. However, China, India and Pakistan in the spot market price by new flowers appear on the market short-term supply nervous before support, China's high-grade cotton supplies prompted zheng cotton futures in a week or even rebound, spot prices remain firm in Pakistan. Overall, China, India and Pakistan, spot prices are still on the high side, Bangladesh and Vietnam continue to enjoy a cotton import prices affordable, downstream clothing prices may soon fall.