Cotton market traded flat

Since October 18, the ICE cotton market has fallen for 12 consecutive trading days. Buyers generally hold a wait-and-see attitude, driven by the “buy up or not buy or fall” mentality, with both the cash market and forward shipments trading flat. Qingdao port spot printing cotton and Australian cotton shipments are still faster than cotton in other producing areas, Australian cotton SM 1-1/8 to 1-5/32 prices in 19500 yuan / ton; printing cotton M level 18300-18500 yuan / ton, It was downgraded from the previous week.

In the week of 10.28-11.3, the cotton in Zhangjiagang Free Trade Zone entered 556 tons, 8380 tons were exported, and the total stock was 45525 tons, which was 5417 tons less than the previous week. Among them, Ukrainian cotton, printed cotton, ink cotton and Australian cotton are the main cotton products in the area, which are mostly used by textile mills. Among them, printed cotton M-class customs clearance price was 18500-18600 yuan/ton; Australian cotton SM 1-1/8 to 1-5/32 price was the same as Qingdao port.

At present, the prices of printed cotton SM 1-5/32 before arrival in Hong Kong on December 25 are 89.50 cents/lb, and the price of M 1-1/8 is 89 cents/lb; the quotation for shipments in 1/3 months is 84.5-85 US dollars. Between points. Buyers are also lighter on the long-term cotton inquiry. While watching the further development of the market, they also pay close attention to the policy of deposit cotton.