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The United States: see increased - hurricane losses limited cotton demand Textile information - Textile net - Textile integrated service provider

by:Chengyi     2020-07-08
On September 9, 2017 - 16, the domestic market of seven standard spot prices an average of 69. 2 95 cents/pound, the previous fall. 68 cents, in the same period last year rose 2. 94 cents/lb. In the week, the domestic spot market clinch a deal of seven 2403 packages, clinch a deal this year accumulative total 27198 packages. The week, the domestic spot price fell, Texas area foreign inquiry, China, Thailand and Turkey's demand the best, the western desert region and covenant gold overseas inquiry light, pima cotton price stability, foreign inquiry, due to the yield, the future pima cotton price is bullish, cotton traders offer firm of the crop, China, India, Pakistan and Thailand needs the best. Hurricane 'Alma' after they landed in the United States southeast although weakened into a tropical storm, but still bring America southeast recorded in high winds and torrential rain, the local are statistical damage, a preliminary look at yield loss is limited, the reason is that most of the bolls hasn't open bolls and no began to take off the leaf, yield is expected to drop 10 - Georgia 15%, boll opening rate is 32 - southeastern states 51%; Hurricane Alma does not cause serious damage and loss of northern delta, but there may be a rigid disc, cotton boll opening rate is 32 - around 51%; Southern delta yield a slight loss, most of it will take time to enter the harvest of the crop, boll opening rate was 46 - around 82%; Southern Texas and northern coastal areas of work we will continue to harvest, some areas thoroughly failures, can harvest, other regions are local statistical losses, the disaster areas and harvest crimped wire work is under way, the USDA will check results area; West Texas good growth of the crop, the crop has already begun to boll opening, and the local is doing the preparing work before harvest, the harvest is expected to begin as early as next week in the northern region; The western desert region smooth progress was made in the processing of the crop, harvesting and processing large area is scheduled to begin in early October, Covenant gold region have a thunder shower, the crop growing well, 12% has open bolls; Pima cotton for the hot weather, the crop has to multi-topping period. The domestic textile factory in the middle of October 2017 to shipment of 4 cotton with a small amount of inventory needs, yarn increased demand, demand for cotton in the short term to see. 1-2018 Fourth quarter shipment of 4 cotton demand is also very good, but denim retail end demand downturn. The cotton export is still good, the far east for all kinds of low level and low varieties have inquiry.
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