Focus On Foreign Cotton Market Trends

3, the US Labor Department released data showing that the number of Americans who applied for unemployment gold fell sharply in February 26th, bringing strong popularity to the market. So the US stock market sharply increased. However, the European central bank expected the interest rate hike to increase the euro against the US dollar. Chicago's bulk grain market was mainly supported by strong weekly export good news, and corn and wheat increased considerably.

For the ICE cotton, there was not much news on the fundamentals. After a short trading in early trading, the cotton was widely concussion, but the market was closed again. The US cotton export sales report gave some support.

On the 3 day, the CotlookA index was 231.90 cents / pound, up 640 points.

On the 3 day, FCIndexS reported 232.69 cents / pound, up 723 points; FCIndexM reported 228.51 cents / pound, up 724 points; FCIndexL reported 226.01 cents / pound, up 702 points.

As futures continue to rise, international spot prices continue to strengthen, although market demand for recent delivery is still high, but excessive cotton prices still hamper signing intentions.

At the same time, cotton prices in China and Turkey are lower than imported cotton, so the intention of signing cotton imports is also weakened.

India S-6 cotton prices continue to rise, the factory price of 169 cents / pound.

Pakistan seed cotton purchase ended in the second half of 2.

In January this year, Tajikistan shipped 7764 tons of cotton and exported nearly 53 thousand tons in the first 6 months of this year, mainly exported to Turkey, Iran, Russia and Latvia.

Last week, most of Argentina was sunny.

It usually takes a period of dry weather to facilitate the growth of cotton after the rainy season in January and February.

According to reports, there was a small amount of rainfall in local cotton producing areas in the late last week.

Overall, cotton is growing well.

Large scale harvesting will take place in a few weeks, but a small amount of seed cotton has been bought.

According to the cotton mill reaction, many domestic textile factories have already started booking new lint.

The Egyptian Ministry of Agriculture announced that the estimated cotton planting area in 2011/12 is about 389250 acres, with an estimated output of 175 thousand tons, an increase of 28% over the previous year.

Stimulated by high cotton prices, although it has been sown, Brazil

The US Department of agriculture has announced that 2.18-2.24 has signed a net US export of 34768 tons of upland cotton this week, a 1.2 fold increase over the previous week, and a net signing of 56699 tons of upland cotton next year, higher than market expectations.

Affected by the strong Australian dollar exchange rate and high global cotton prices, the Australian cotton export volume dropped to 5306 tons in January this year, down by 69.3% from the same period.

In that month, shipments of Australia cotton to major export areas generally declined significantly, with shipments in China and Thailand decreasing by 99.2% and 87.8% respectively over the same period.

In the 2010-11 cotton season, South Africa will produce 101148 bales of cotton, down 3% from last month's estimate, Cotton Corp said.

The latest forecast will mean that South Africa's cotton doubles over the previous cotton season, the first increase in 7 years, Cotton Corp said.

This estimate is expected that Swaziland's cotton output will reach 4000 bales.