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Weekly Report on American Cotton Export Increase in Contracted Volume, And a Small Amount of Procurement in China
The USDA report shows that from November 25 to December 1, 2022, the net contracting volume of American upland cotton in 2022/23 will be 7394 tons. The newly signed contracts will mainly come from China (2495 tons), Bangladesh, Türkiye, Vietnam and Pakistan, and the cancelled contracts will mainl...Read more -
The New Ten Rules for Epidemic Prevention Are Coming Out! The Enterprise Shows Signs of Returning To Work And Production
According to the recent survey of coastal areas in Guangdong, Jiangsu, Zhejiang and Shandong, with the release of the “new ten” measures for epidemic prevention and control, cotton mills, weaving and clothing enterprises quickly had new trends. According to the interview of the report...Read more -
India Difficulties in Textile Industry, Cotton Consumption Declining
Some cotton enterprises in Gujarat, Maharashtra and other places in India and an international cotton merchant believed that although the US Department of Agriculture reported that the Indian cotton consumption was reduced to 5 million tons in December, it was not adjusted in place. A medium-size...Read more -
December 12, The Quotation of Imported Cotton Fell Slightly
On December 12, the quotation of China’s main port fell slightly. The international cotton price index (SM) was 98.47 cents/pound, down 0.15 cents/pound, equivalent to 17016 yuan/ton of general trade port delivery price (calculated at 1% tariff, the exchange rate was calculated at the middl...Read more -
The Market Encounters A Cold Winter. Textile Enterprises Have A Holiday In Advance
Recently, a sharp drop in temperature and sudden cold weather in many places in Hebei Province have affected the purchase and sales of cotton and other related products, and made the cotton industry chain that has entered the long winter even worse. Cotton prices continue to fall, and the downstr...Read more -
Imported Yarn It Is Still Difficult To Raise The Price Of Unsealing In Guangzhou
According to feedback from cotton yarn traders in Jiangsu, Zhejiang and Shandong, except for stable OE yarn quotation (Indian OE yarn FOB/CNF quotation slightly rose) around the end of November, Pakistan Siro spinning and C32S and above count cotton yarn quotation continued a small downward trend...Read more -
Foreign Cotton The Decline Of ON-CALL Does Not Reduce Traders’ Concern About China’s Postponement Of Procurement
As of November 29, 2022, the long rate of ICE cotton futures fund has dropped to 6.92%, 1.34 percentage points lower than that of November 22; As of November 25, there were 61354 ON-CAll contracts for ICE futures in 2022/23, 3193 fewer than that on November 18, with a decrease of 4.95% in a week,...Read more -
Foreign Cotton A Small Number Of Transactions Of Resources At A Low Price Non Bonded Cotton Inventory Rebounded Slightly
According to the survey of cotton textile enterprises in Shandong, Jiangsu and Zhejiang, the willingness to increase foreign cotton procurement (including ship cargo, bonded cotton and customs clearance cotton) before the Spring Festival is generally weak, and the main resource is to buy RMB at a...Read more -
Trends of EU, Japan, UK, Australia and Canada clothing markets
European Union： Macro: According to Eurostat data, energy and food prices in the euro area continued to soar. The inflation rate in October reached 10.7% at an annual rate, hitting a new record high. The inflation rate of Germany, the major EU economies, was 11.6%, France 7.1%, Italy 12.8% and S...Read more -
India Rainfall causes the quality of new cotton in the north to decline
This year’s non seasonal rainfall has undermined the prospects for increased production in northern India, particularly in Punjab and Haryana. The market report shows that the quality of cotton in North India has also declined due to the extension of the monsoon. Due to the short fiber leng...Read more -
India Cotton farmers hold cotton and are reluctant to sell it. Export of cotton decreases greatly
According to Reuters, Indian industry officials said that despite the increase in Indian cotton production this year, Indian traders are now difficult to export cotton, because cotton farmers expect prices to rise in the next few months, so they delayed selling cotton. At present, India’s s...Read more -
Why Did Cotton Imports Continue To Soar In October?
Why Did Cotton Imports Continue To Soar In October? According to the statistics of the General Administration of Customs, in October 2022, China imported 129500 tons of cotton, an increase of 46% year on year and 107% month on month. Among them, the import of Brazilian cotton increased significan...Read more
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