On May 15-21, 2020, the average spot price of standard grade in the seven major domestic markets in the United States was 53.88 cents/pound, an increase of 1.08 cents/pound from the previous week and a decrease of 7.67 cents/pound from the same period last year. That week, 7,312 packages were traded in the seven major domestic spot markets in the United States, bringing the total volume this year to 1,488,167 packages.
Spot prices in various regions of the United States have risen. The epidemic continues to cause damage to cotton demand and the textile supply chain. Foreign inquiries in the Texas region are light, and foreign inquiries in the Western Desert and Saint John regions are light. The price of Malaysian cotton is stable, foreign inquiries are light, and China’s demand is the best. Cotton merchants continue to try to retain early contracts, and some contracts have been extended to the next year.
That week, domestic textile mills in the United States had preliminary inquiries for 2020 grade 4 new cotton for shipment from November to December. Due to weak retail sales and declining consumer demand, textile mills were very cautious in purchasing and only based on terminal prices. Product sales are arranged for production, and the products are still mainly personal protective equipment and military items. U.S. cotton exports are light or average. Turkey has purchased recently shipped grade 5 cotton, and there are inquiries from the Far East for various low-price varieties.
That week, the weather was cloudy to cloudy in the southern part of the southeastern cotton region of the United States, with scattered thunderstorms in some areas. New cotton sowing continued to advance rapidly, and seedlings had emerged in the early sown fields. Heavy rainfall was common in the northern region, and sowing was delayed. ; There is light rain in the northern part of the delta area, sowing is hindered in areas with a lot of water, and new cotton is growing well. In the south, it is sunny to cloudy weather, with scattered thunderstorms. The sowing progress is normal, but the progress is slightly slower in areas with a lot of water; in southern Texas The Rio Grande River Basin is experiencing high temperatures and rainfall, and the rainfall in the northern coastal areas has made new cotton grow smoothly; western Texas has been hot and windy, and sowing has reached a climax. Sowing in irrigated fields has basically been completed, and sowing in dryland fields has also made great progress. Overall, new cotton has The growth is good; the western desert area continues to have high temperatures, some areas have already bloomed, and the early-sown fields have entered the budding stage; the rainfall in the St. John’s area is conducive to sowing, and the new cotton needs more light, and the seedlings are in good condition; the Pima cotton area has strong winds, rainfall and Hail has no impact on new cotton. Sowing has started well and the emergence of seedlings is very good. </p
