US: Cotton prices continue to rise amid buoyant export demand

From April 4 to 10, 2023, the average spot price of standard grades in the seven domestic markets in the United States was 68.29 cents/lb, an increase of 0.73 cents/lb from the previous week and 6.69 cents/lb from the same period last year. During the week, 98,938 bales were traded in spot in the seven major markets in the United States, and the cumulative turnover in 2023/21 was 602,117 bales.
 

 

The spot price of upland cotton in various regions in the United States has risen. The Texas area has a large amount of foreign inquiries. The demand in China, Pakistan, and Vietnam is the best. The foreign demand in the western desert area is average. The foreign inquiry in the San Joaquin area is acceptable, and prompt shipment is required. , the price of Pima cotton is stable, foreign inquiries are stable, China's demand is the best, and cotton merchants increase their quotations for new flowers in 2023.

 

This week, US domestic textile mills purchased 41-3/4-34/36 grade cotton for shipment from January to October 2022, and there were also inquiries for 41/51-5-32 grade cotton shipped in the first three quarters of 2022 , The factory continues to carefully increase the operating rate according to the demand for end products. The demand for yarn is good, and the factory continues to produce first-line personal protective equipment and military items. The export demand for American cotton is light, and there is good demand for various special prices and low-grade American cotton.