New York's Cotton Lack Direction Guidelines Were Arranged Sideways.

The spot price of < p > Cotlook continued to rise. Pakistan cotton prices remain stable, new flower supply is still limited; India cotton prices remain stable, cotton growth is normal; Tanzania will launch a cotton subsidy policy; the western Dezhou plain in the United States is sunny and hot, and the southern region is progressing smoothly. < /p >
< p > 1, futures < /p >
< p > the recent settlement price in October was 86.39 cents / pound, down 13 points; the main contract price in December was 86.19 cents / pound, up 1 points; the forward March contract closed at 84.82 cents / pound, up 30 points. < /p >
< p > cotton futures opened smoothly. Following the sharp rise in the first two trading days, there was no clear direction in the market. In December, the main contract in the past four weeks between 83-87 cents / pound concussion, now up to the upper part of the interval, but still maintain the shock pattern. < /p >
< p > two, spot comment < /p >
< p > 22, CotlookA index 93.50 cents / pound, up 135 points. The imported cotton price index (FC Index) SM reported 99.26 cents / pound, up 76 points; M reported 97.54 cents / pound, up 82 points; SLM reported 95.32 cents / pound, up 100 points. < /p >
< p > with the cotton rebounded in New York on Friday, the inquiry of textile enterprises is mostly exploratory, and the market volume is still limited. Traders offer higher prices than buyers. Indonesian and Vietnamese textile enterprises sent inquiries, but the psychological difference between the buyers and sellers was several cents; Taiwan purchased the US cotton, China purchased Tanzania cotton in the bonded area, and India's domestic cotton price remained strong. Following the increase in enquiry last week, the 22 cotton market in Bangladesh was light. < /p >
< p > three, and each country's dynamic < /p >.
< p > by local textile enterprises demand stable support, 22 Pakistan domestic cotton market prices stabilized, textile enterprises continue to pay attention to domestic cotton to meet the procurement demand, new flower quantity is limited, it is difficult to meet buyers' needs. Exporters generally wait and wait for cotton prices to fall. < /p >
< p > 22, the lifting price of India cotton S-6 cotton mill is unchanged from last Friday. Rupee has a slightly stronger trend towards the US dollar, which is about 90.20 cents / pound. Cotton growth in the North Cotton Region is normal, and cotton growth and output need more precipitation support. < /p >
< p > it is reported that the government of Tanzania will set up 1 subsidies of 1 million 240 thousand US dollars to subsidize the cost of coffee seeds, cotton seedlings, fertilizers and insecticides. It is reported that the cotton output in the country has dropped sharply this year. < /p >
< p > the southwestern cotton region of Dezhou has a fine weather last weekend near Burke. Following the last week's precipitation process, the cotton crop has been in good condition. After the precipitation in Western New Mexico, the cotton grows rapidly, and the southwest part of Arizona is going to spray the leaves. < /p >