Indian domestic cotton prices have not been affected by the price of **

On the 13th, the price of Shankar-6 held steady in India and the cotton market in Pakistan was depressed. The main contract of ICE futures cotton contracted by the US cotton contract volume fell; the transaction in the spot market was still light, and the Australian cotton new flower attracted attention.

one,**

On the 13th, the main contract for the May contract of 1405 was 91.68 cents/lb, down 51 points; the contract price for the 1407 contract was 89.86 cents/lb, down 37 points.

Cotton futures opened higher on the same day, and the main contract of the May contract oscillated around 92.5 cents in the first half; a wave of buying prices prompted a brief rise in cotton prices after midday. The contract exceeded 93 cents to the highest point of the day at 93.75 cents; however, the US cotton Poor sales data pressured the market and the contract eventually failed to extend the market and turned around.

Second, the spot

On the same day, the Cotlook A Index was 97.80 cents/lb, up 50 points. The Imported Cotton Index (FCIndex) was 102.07 cents/lb for the SM grade, up 28 points; the M grade was 99.43 cents/lb, up 61 points; the SLM grade was 98.44 cents/lb, up 47 points.

The previous day's ICE cotton rose did not bring any help to the spot market. On the 13th, the spot transaction was still light. Although buyers from Indonesia, Vietnam, and Bangladesh had sporadic transactions, there was still a big difference between the buyers and sellers. West African cotton inquiry is more active, mainly issued by Bangladeshi textile companies. Traders seek procurement opportunities and Australia's new flower competition is fierce.

Third, national dynamics

On the 13th, India's domestic Shankar-6 ginning plant prices stabilized at 42550 rupees/candy, which was 89.00 cents/lb., and Punjab J-34 new flower prices at 4555 rupees/maund, which was 90.70 cents/lb. A slight drop in the date.

The domestic cotton market in Pakistan continued to slump. Rupee’s rapid appreciation of the US dollar led to a sharp decline in its domestic prices. The rise in ICE prices did not support Pakistan’s cotton prices. The textile mills lowered their psychological prices, and the ginning mills have no hope of rising cotton prices later in the year. Most ginning factories have a strong willingness to dump stocks.

According to the U.S. Department of Agriculture, the AWP (adjusted world average price) for the week of 2014.3.14-3.20 was 75.18 cents/lb, up 3.11 cents from the previous week. Weekly LDP (** subsidy) is 0.