Domestic Spot Prices Accelerated, And International Cotton Prices Fluctuated Sharply.

In early July, Xinjiang cotton region entered the flowering stage, and the cotton region in the Yangtze River and the Yellow River valley was in bud to flowering stage.

Most of the cotton growing areas in Xinjiang are high in temperature and light enough to facilitate the flowering and pollination of cotton. Most of the northern part of China has better light and temperature conditions, which are more favorable for cotton growth. Huang Huai and Jianghan mostly have more precipitation days, less serious sunshine, which are harmful to cotton flowering, and easily lead to diseases and insect pests.

The temperature is normal in the central and western parts of the Yangtze River and in the eastern part of Southern China, but the intensity of precipitation in the central part of the Yangtze River and the western part of Southern China is very large.

Last week (July 7th -7 11), domestic textile enterprises still have difficulties, cotton enterprises are under heavy pressure, and the speed of lint price decline has accelerated.

The recent rise in the price of oil and electricity has increased the production cost of textile enterprises, while sales returns are still sluggish, and procurement efforts are still weak.

With the implementation of the subsidy policy for the pport of cotton and the increase in the number of Sinop cotton wagons, the sales pressure of the mainland cotton has further increased; the double zero term of the agricultural development bank is approaching, and the domestic cotton enterprises are speeding up the sales progress, the quotation has been reduced, and the paction price has fallen again.

In July 11th, China's cotton price index (level 328) was 13790 yuan / ton, down 56 yuan / ton compared with the previous week, and the rate of decline was faster than the first two weeks.

The recent trend of electronic matching contracts continued to decline in the previous week, the whole week fell 69 yuan / ton, and Zhengzhou futures showed a low oscillation in the week after a four month decline, and the recent contract fell 110 yuan / ton throughout the week.

Last week, the price of New York's cotton futures market was greatly affected by the trend of peripheral commodities.

Crude oil and gold futures fell sharply in the first two trading days, some grain futures closed down, the US dollar rose, New York cotton fell sharply, and rebounded sharply on Wednesday.

The recent contract price fell 1.53 cents / pound on Friday.

Affected by this, international spot prices also fluctuated significantly, but the strength of the rebound was greater than that of the futures market.

The Cotlook Far East A index was 77.05 cents / pound on Friday, up 0.2 cents / pound from the previous week.

The price index of China's cotton imports (FCIndex M) was 78.09 cents / pound in July 11th, 13723 yuan / ton at 1% customs duty, lower than the 328 grade cotton in the same period, 67 yuan, 14017 yuan per ton, which was higher than that of 328 cotton in the same period.