From September 4 to September 10, 2020, the average spot price of standard grade in the seven major domestic markets in the United States was 58.37 cents/pound, a decrease of 0.55 cents/pound from the previous week and an increase of 2.4 cents/pound from the same period last year. That week, 10,399 packages were traded in the seven major domestic spot markets in the United States, and a total of 125,269 packages were traded in 2020/21.
Domestic spot prices in the United States fell, and foreign inquiries in the Texas region were light. China, Indonesia, Pakistan, and Taiwan had the best demand; foreign inquiries in the Western Desert region were light; foreign inquiries in the Covenant gold region were light. Light; Pima cotton prices are stable, foreign demand is light, and they are all shipped on time. China and Pakistan have the best demand.
There were very few inquiries from domestic textile mills in the United States that week. The inventory of most factories can be maintained until the fourth quarter of this year. The low operating rate of factories has led to delays in early contract delivery. Some factories will not be ready until January-February 2021. No plans to restock. The demand for yarn has increased slightly, and the main products are still front-line personal protective equipment and military items. US cotton exports are very light, and there are inquiries for various special price US cotton varieties from the Far East.
The weather in the southern part of the southeastern region of the United States is suitable, and the new cotton is growing rapidly and has fully spun out. Heavy rainfall in the early stage caused rotten bolls and stiff cotton in some cotton fields. There was a large-scale thunderstorm in the northern part of the southeastern region, and the new cotton is spun out; The weather in the northern part of the delta region is ideal, and new cotton grows smoothly and quickly bursts out bolls. Early sowing fields and dryland fields have begun to defoliate, and harvesting will begin in the next 7-10 days. In the southern part of the delta region, defoliation work has gradually reached a climax, and harvesting has begun.
The harvest in the northern coastal area of Texas was interrupted by the arrival of the storm, and field operations were basically completed before and after the rain. The rain was detrimental to the new cotton harvest; in western Texas, wind and rain combined, the temperature dropped, and the quality of new cotton was worrying. Specifically The losses are being assessed; the weather in the western desert is dry and hot, and the harvest volume is increasing. The first batch has been inspected and the quality is quite good; wildfires in the St. John’s region have caused serious air pollution, new cotton is rapidly entering topping, and cotton bolls have begun to spit out lint. Cotton farmers Preparations for defoliation are being carried out; the weather in the Pima cotton area is dry and hot, wildfires have caused air pollution, new cotton bolls are speeding up and starting to sprout, and cotton farmers are preparing to harvest. </p
