Cotton Prices Vary Greatly Inside And Outside Cotton Traders Are Reluctant To Sell.

According to the cotton traders in Qingdao, Zhangjiagang and other places, nearly two days were affected by the ICE main contract in 64-65 cents / pound consolidation and Zhengzheng 12700 yuan / ton, 12800 yuan / ton, and other integer entry points. The port bonded and cleared customs quotas were gradually stabilized, and the price competitiveness of Brazil cotton, West African cotton and India cotton continued to increase in 2018/19. Cotton textile enterprises in Shandong, Henan, Jiangsu and Zhejiang provinces and middlemen showed remarkable recovery in their enquiry and taking delivery, especially those with strong 28GPT and above, 1-1/8 and above 4-5, and low horse value 4-5.

On the 22-23 th of October, the net weights of S-6 M 1-5/32 (strong 29-30GPT) and M 1-1/8 Brazil cotton (strong 28-29GPT) were 12800-13000 yuan / ton, 12750-12900 yuan / ton respectively, while the quotations of the "double 29" machine picked cotton weight in Qingdao were lower than 12900-13000 yuan / ton, and the actual price difference between 200-300 yuan / ton was two; the net weight of the SM 1-1/8 cotton (Benin, Mozambique, South Africa and other places) was 12900-13000 yuan / ton, and there was almost no difference between India cotton and Brazil cotton, and the net weight of Sultan cotton GM GM was 12600-12700 yuan / ton, slightly lower than that of other producing areas of non continental cotton 200-300 yuan / ton, plus less supply, so shipment and clearance were quicker.

At present, 2018/19 cotton price ME (42-3, 42-4, 43-1) quoted price is concentrated in 68-69.60 cents / pounds (10/11 month shipping period), bonded EMOT/MOT SLM 1-1/8 quote 67.80-68 cents / pound, with the momentum of the rebound of ICE disk is stronger, because of the bonded and shipping date, the annual US cotton source is concentrated in the hands of several large cotton traders, so since mid October, not only the quotation is relatively strong, but also the selling sentiment is warming up.

A foreign trader said that with the substantial progress in Sino US trade negotiations, the second phase of negotiations started, and the Chinese side will launch 400-500 billion US dollars in agricultural products procurement, the US cotton export will get a super large list. In addition, the signing of the US cotton export contract in 2019/20 is close to 60%. Therefore, the export price of the US cotton resources (including Chen cotton) in the hands of the exporters and international cotton producers will not only rise, but are likely to be "one vote hard to find".