Us: Lint Spot Prices Drop New Flowers, Enquiries Steady

On the 16-22 th of August 2019, the average price of the seven standard market spots in the United States was 53.69 cents / pound, down 1.07 cents / pound compared with the previous week, down 25.5 cents / pound compared with the same period last year. In the week, seven spot markets in the US traded 10167 packages, and the total turnover was 28919 packs this year.

US domestic spot prices fell, and new demand for export in Texas was acceptable. India, Turkey and Vietnam had the best demand. Foreign enquiries in the western desert and San Kim area were light, Pima cotton prices remained stable and foreign enquiries were light.

During the week, the domestic textile mills had an inquiry on the latest shipment of grade 41-4-36 cotton, and also had enquiries for the 41-4-35 grade cotton shipped from January to the three quarter of 2020. Most of the factory's raw material inventory was maintained until December this year, and the demand for rotor spinning and ring spinning was normal. The demand for us cotton exports is general. The Far East textile mill has inquiry prices for all kinds of special and low grade cotton.