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Rainstorm and hailstone attacked south xinjiang, some cotton fields damaged

Rainstorm and hailstone attacked south xinjiang, some cotton fields damaged Source: www.chinatexnet.com
Date: 27-06-2013
Visits: 255
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Last week cotton nationwide was in squaring period, some cotton in Henan and Hubei were still in the fifth true leave period. During 16th-18th June, Aksu and Kashi regions in Xinjiang were stricken by rainstorm, causing some cotton field damage.

On 18th June, six counties in Kashi were hit by the heaviest hailstone this year, the largest one is 2.5 mm in diameter, and the result thickness is 4 mm at most, causing 30,278 mu of cotton field in Peyziwat County of total crop failure, and 39,576 mu damaged heavily with many crops being stripping off leaves and flowers. In Inland, cotton growth was fine generally, and lasting rain coming soon probably would bring flood and waterlogging might be the threat for some cotton fields.
 
Last week, reserve cotton release planned to be 520,000 ton, 183,200 ton was sold actually, among which 67,000 of import cotton, the total trade percentage was 34.9%, 2% up over the week. By 21st June, reserve cotton trade totaled 2.33 million ton in 2013 calendar year, meeting target volume of 27.7%, 344,000 ton of import cotton was among it.
 
Currently, textile raw cotton purchase was dominated by reserve release and import cotton, and mills were waiting for news on cotton supply from July to the next new season, and spot price was steady. On 21st June, CC Index328 settled at 19,321 Yuan per ton, 3 Yuan up over the week; ZCE cotton futures nearby contract CF307 settled at 19,935 Yuan per ton, 15 Yuan down over the week.
 
As for import cotton price, FC Index settled at 95.54 cent/lb., 3.52 cent down over the week.
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