US cotton demand has been shrinking

Period, spot prices May 13th to 19th, 2011, the average spot price of the seven domestic US standard markets was 152.48 cents/lb, up 5.77 cents/lb from the previous week, and up 77.47 cents/lb from the same period last year. . During the week, a total of 10,514 packages were sold in the seven major US domestic spot markets. From May 20 to May 26, 2011, the AWP price was 142.14 cents.

The turnover of the week, the United States domestic spot market demand is very light, prices, foreign inquiry is scarce, only the Pima cotton demand is good, the price is stable.

During the week of weather conditions and harvest progress, the weather in the southeastern United States was cold and there was rain. The planting progress was uneven throughout the country. The drought caused the cotton to grow weak after emergence; the weather in the northern part of the delta was normal and the sowing and growth of the new cotton steadily progressed. The loss caused by the previous flood was estimated. On tens of thousands of acres, plantings in the southern delta proceeded steadily. The floods resulted in the flooding of tens of thousands of acres of cotton fields. The seedlings sowed in the previous season were smooth; the rainfall in the Rio Grande River Valley in southern Texas was sparse and scattered, and the drought conditions did not improve; The western part of the state is still extremely arid. Sowing is still limited to irrigated fields. New dry cotton crops have not emerged due to lack of water after sowing; cotton in the western desert areas is normal but windy and rainy weather makes the area extremely water-deficient; St. Jojin region With a small amount of rainfall, the sowing speed slowed down; Pima cotton in the western desert area grew normally; Pima cotton in the Sanyojin area was affected by the decrease in temperature and the growth slowed down.

Domestic and Foreign Textile Mills Demand Situation During the week, the US textile mills have inquired about Grade 3 and Grade 4 cotton new flowers delivered from January to March next year. The purchase of textile mills is still cautious, with most factories starting 5-7 days a week. Due to the recent bad weather, some textile mills have delayed shipments and production.

US cotton export inquiry is scarce. Due to the low price of other varieties, the demand for US cotton has shrunk obviously. The best demand is for low-grade and low-price varieties.