U.S. Cotton City Demand Shows Frosty Planted Cotton 18%

Period, spot prices April 25-28, 2011, the United States domestic seven market standard spot average price of 160.94 cents / lb, down 14.22 cents / lb from the previous week, compared with the same period last year rose 83.11 cents / lb. The ICE** July contract settled at 152.02 cents/lb, down 15.49 cents/lb from the previous week. During the week, the US’s seven domestic spot markets accumulated zero packages. From April 29 to May 5, 2011, the AWP price was 163.23 cents.

During the week of trading, the demand in all major US spot markets was very light, and prices fell. Only the demand in the San Joaquin region was acceptable. The demand for Pima cotton was good and the price was stable. China's purchasing interest was the best. As prices continue to fall, foreign inquiry in the central and western regions is still very small.

Weather conditions and harvest progress According to the cotton planting progress report issued by the US Department of Agriculture on May 2, as of May 1st, 15 cotton-producing states, except for Kansas and Missouri, have begun planting. The average national progress is 18 %, 6% slower than last year and 6% slower than the average of the same period in the last five years. The fastest-growing California, Arizona, and Louisiana were 80%, 70%, and 65%, respectively.

During the week, storms and tornadoes hit the southeast of the United States. Cotton planting was hampered; storms and hail occurred in the northern part of the delta. Water was accumulated in most areas, field operations were interrupted, heavy rain fell in the south of the Delta, cotton planting was interrupted, and storms and tornadoes in eastern Texas fell. Although drought relief was eased, planting continued to be delayed; there was a small amount of planting on the plateau in the southern part of western Texas, but the storm hit a large area of ​​cotton fields; the western desert area was normal and there was no rainfall; the cotton fields were still dry; the planting area in the St. Jojin area expanded , and has been fully emerged; Pima cotton growth is normal, except for the cotton area outside California is still dry.

Domestic and Foreign Textile Mills Demand Situation During the week, the US textile mills had an inquiry for the 2011 grade 4 cotton shipped in the first quarter of next year but had no transaction, and most of the factories were operating at full capacity. The US cotton export inquiry was scarce, and the number of Chen cotton contract breaches increased.