Cotton World Inventories Record High, New York Cotton Price Plummeted

< p > Australia and New Zealand Bank Group said that the world's largest buyer of China has established "a href=" //www.sjfzxm.com/news/ > cotton < /a > inventory, and global cotton inventories have reached a record high. The price of cotton will be between 70-80 cents this year. Victor Thianpiriya, an analyst living in Singapore on Wednesday, said in a report that world stocks could climb to a record high of 1800 tons in 2012-13 years. China's total inventory could reach about 10 million tons, enough to meet China's demand for more than a year. < /p >
< p > besides, India trade and government sources said that India will start selling cotton stocks from Friday, so that the two largest cotton consumption countries in India and China will suppress global cotton prices. At present, the global a href= "//www.sjfzxm.com/news/ index_c.asp" > cotton price < /a > is close to the lowest level in 6 weeks. One industry insider said that India could sell 250 thousand bales of cotton in April 26th. Cotton production in India is estimated at 34 million bales this year, compared with about 28 million packages. < /p >
< p > April 24th American cotton spot market SLM 1-1/16 "cotton (chroma 41, leaf chip 4, fiber 34) average price 78 cents / pound, annual highest price 87.25 cents March 15, 2013; annual lowest price November 8, 2012 65.11 cents; 1 3/32" cotton (color 31, leaf cuttings 3, fiber 35) average price 82.45 cents / pound. < /p >
< p > April 24th the US spot market traded 1005 cotton bags, and this year handled 1608519 bags. < /p >
< p > April 24th the American spot market Pima cotton, grade 2 (fiber 46) 131 cents / pound, 3 grade (fiber 44) 113 cents, 3 grade (fiber 46) 118 cents, turnover 0 pack, annual turnover 7164 bag. < /p >
< p > the US Department of Agriculture announced the global adjustment price (AWP) 71.32 cents on April 19th 25 -4. < /p >
< p > April 24th Cotlook cotton Outlook Index fell, the index fell 60 points, at 91.90 cents / pound. < /p >
< p > April 24th, China's cotton price index CC Index 328 national average weighted average price closed at 19369 yuan / ton, down 1 yuan. CC Index 27 closed at 17008 yuan / ton, down 3 yuan, and CC Index 229 closed at 20076 yuan / ton, down 1 yuan. < /p >
< p > April 24th, China's < a href= "//www.sjfzxm.com" > Import Cotton < /a > price index (FC Index M) 94.36 cents, down 0.94 cents. < /p >
< p > April 24th, zhengmian 1309 contracts were arranged sideways. Closing at 19875 yuan / ton, compared with the previous trading day, it fell 25 yuan / ton, the highest price was 19950 yuan / ton, and the lowest price was 19830 yuan / ton. Trading volume decreased slightly, and positions were reduced by 3252 to 148768 hands. < /p >
< p > April 24th, the Zhengzhou PTA1309 contract opened at 7640 yuan / ton, closing at 7718 yuan / ton, up 40 yuan / ton compared with the previous trading day, or 0.52%. Turnover dropped to about 1 million 441 thousand and 200 hands, and positions increased by 5734 to 789 thousand. < /p >
P > April 24th, the US stock market closed up mixed, Dow fell slightly, the NASDAQ and the S & P 500 index almost closed. Investors are weighing the earnings of Boeing and apple. Us durable goods orders data are worse than expected. < /p >
< p > the Dow Jones Industrial Average fell 43.16 points, closing at 14676.30 points, or 0.29%, while the NASDAQ [micro-blog] composite index rose 0.32 points to 3269.65 points, or 0.01%, while the standard & Poor's 500 index rose 0.01 points to 1578.79 points, or 0%. < /p >
The gold price (1429.40,5.70,0.40%) futures delivered in June on the New York Mercantile Exchange rose $14.90 to settle at $1423.70 an ounce. The delivery of crude oil (91.57,0.14,0.15%) futures in June rose 2.25 US dollars to 91.43 US dollars per barrel. < /p >