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Last Week, &Nbsp; Egypt &Nbsp; Alcotexa&Nbsp; Sold 148 Tons Of Cotton.

2010/8/23 11:34:00 37

Egyptian Cotton

  

Egypt

The Alexander cotton Exporters Association (Alcotexa) promised to sell 148 tons in the week ending August 21st.

cotton

An official of the association said on Sunday.


The sale includes 33 tons of Giza 88 cotton and 115 tons of Giza 86 cotton, the official said.


The paction led to the export of Alexander cotton Exporters Association 2009-10 cotton season (from September) to 81550 tons and exports to $197 million 680 thousand, the official said.


Egypt is expected to export 80000 tons of cotton in the cotton season, the agriculture minister said in February.


At this time last year,

Alexander

The association of cotton exporters sold 24875 tons of cotton and exports amounted to US $62 million 690 thousand.


Supplement:


Fundamentals: the pure cotton yarn market is still slack this week, with prices falling mainly, weak sales and a strong market outlook.

In factories, because most spinning mills have stock pressure, most of them are guided by the psychology of shipping. Most of them take measures to promote sales, and the quantity can be greatly reduced.


Market situation in various regions: the market of pure cotton yarn in Xiaoshao area is still in the doldrums, and the market quotation is hard to maintain.

The quotation of pure cotton yarn Market in Shengze market has not been lowered, but there is a favourable price to be discussed, and the turnover is not optimistic.

The price of pure cotton yarn in Shandong yarn market continues to be loose, but the turnover is still not improving.

The price of pure cotton yarn in Southern China yarn market is stable and turnover is declining.


Upstream and downstream situation: the national cotton auction has been very concerned in the industry. After a few days of shooting, the cotton paction price has not fluctuated significantly compared with the previous stage, especially no significant decline.

In terms of downstream cotton cloth, the turnover is generally normal and the price can be maintained.


Market outlook: Hua Yuechun, analyst at 31yarn.toocle.com, thinks that the cotton market will be stable or will be the mainstream in the background of the domestic cotton price slight backlash and the pressure of cotton throwing and storing.

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