This Year, Resources Will Consume A Lot Of International Cotton Prices Or There Will Be Room For Further Growth.

In the past week, ICE cotton futures recovered slightly, the main contract rose 2.4 cents, or 3.6%, and the December contract rose 1.8%.

Although cotton production is expected to increase significantly in the long term, cotton spot prices will decrease in the current year, and cotton prices are expected to show a certain increase.

The latest US cotton export weekly report shows that the number of US cotton contracts has increased significantly in the week ending May 16th, and the United States is about to bottom out before the new year starts in 8-9.

At present, India's demand for us cotton is very active, and domestic cotton supply has been consumed in large quantities. Its domestic cotton price has gone up in the US dollar, and surpassed that of other countries.

At the same time, Vietnam and Bangladesh demand for us cotton is also very strong. The two countries basically do not produce cotton. In the next few weeks, textile mills have to actively purchase cotton.

Pakistan's domestic cotton resources are not much, the new flower market is the earliest to wait until the middle of July.

As cotton prices fall to stimulate spot demand, the trend of global cotton output is likely to change next year.

Recently, the impact of the weather on the market has begun to increase.

Chicago Lakefront futures and options brokerage firm said last week that the cotton market and grain trend were converging. The reason for soaring grain prices is that wet farmland and continuous rainfall in the Midwest of the United States may lead to delayed planting of grain.

In addition, the Trump administration has asked farmers to grow crops to receive emergency subsidies, which has aggravated concerns about the delay in planting crops.

However, prices will not be on the way all week, and may gradually rebound to 72-74 cents.