Us: Cotton Demand Recovery Slowly Sowing Smoothly

On the 8-14 th of May 2020, the average price of the seven standard market spots in the United States was 52.80 cents / pound, up 2.78 cents / pound from the previous week, down 8.43 cents / pound compared with the same period last year. In the week, seven spot markets in the US traded 21979 packages, and the total turnover was 1480855 packs this year.

Spot prices in the US are rising, and the epidemic continues to damage cotton demand and textile supply chain. Foreign enquiries in Texas are light, and demand in China, Taiwan and Turkey is the best. Foreign enquiries in western desert areas and San Yue Jin areas are light, Pima cotton prices are stable and foreign enquiries are light.

In the week, the domestic textile mills in the United States also made preliminary enquiries on the shipment of grade 4 cotton in 2020 in the 3-4 quarter. Due to the closure of factories or the reduction of production due to the outbreak of the epidemic, the procurement of textile mills was very cautious, and the production was based on product sales, and the products were still dominated by personal protective equipment and military articles. US cotton exports are light or general, and Far East has an inquiry for all kinds of low price varieties.

When the weather was fine in the southern part of the southeastern cotton region, the new cotton sowing was accelerated. The early sowing seedlings grew well. In some areas, the sowing time was delayed due to the low temperature, and the seedling emergence was poor. The low temperature in the northern part of the area led to slow seeding progress. In the north of the Texas coast, the emergence of new cotton is smooth, and the coastal areas are beginning to bud. The Rio Grande River Basin has blossomed, and the total area is flat last year. The growth of seedlings in San Yue Jin area is good, and the Pima cotton planting is close to completion, and the seedlings grow vigorously.