巴西：需求减弱致使棉价下跌

 

Brazilian cotton prices down from weakening demand

Weakening demand from cotton spinning mills in early October, led to cotton prices, resuming moving down in the Brazilian market.
Spinners are offering lower prices than those quoted by sellers, for even high-quality cotton, while also complaining about low quality of 2013/14 cotton crop available in the market.
A few cotton purchasers also refrained from buying, quoting slow movement of yarn sales, despite which, the yarn market has registered higher liquidity this month compared to the previous month.
Cotton producers are only focussing on delivering cotton contracted in earlier days. Some of them expect price rises in the off-season period, mainly for high-quality batches.
The CEPEA/ESALQ Index for cotton type 41-4 closed at 1.6606 BRL (0.6811 dollar) per pound on October 15, down 0.66% in the first fortnight of October.
Between October 13 and 17, the Cotlook A Index moved down 0.62% compared to the previous week ending Oct 10. In the same period, the dollar average increased 0.93%.
The export parity calculated by Cepea FAS (Free Alongside Ship) Paranaguá port averaged 1.4538 BRL per pound, up 0.32% compared to the previous week.
The import parity released by Conab, based on the Cotlook A Index, averaged 2.0327 reais per pound from October 13-17, up 0.54% from its previous week at a dollar average of 2.4311 BRL.
In its latest report, USDA raised the October estimate for India, China and Pakistan and reduced the forecast for the US and Brazil for the 2014/15 season.
Overall, USDA projected the 2014/15 cotton output at roughly 26 million tons, a rise of 1.1% from data released in September.

译文如下：

巴西：需求减弱致使棉价下跌

10月初，巴西棉纺工厂需求减弱,导致巴西市场棉花价格继续下跌。

纺纱厂提供的价格比卖家的报价更低，甚至是优质棉花，而他们也抱怨2013-2014年度市场上棉花作物质量低劣。

一些棉花购买者也没有购买,纱线销售也较为缓慢,尽管如此,相比上月，本月纱线市场显示出较高的流动性。

棉花生产者只关注早期棉花合同的交付。他们中的一些人希望在淡季时期，高质量批次的价格可以上涨。

10月15日41-4型棉花的CEPEA/ESALQ指数收于每磅1.6606雷亚尔(0.6811美元),比10月前两周下降了0.66%。

10月13日至17日, 考特鲁克A平均指数较上周下降了0.62%。在同一时期,美元平均增加了0.93%。

Cepea巴拉那瓜港口船边交货的出口平价价格为每磅1.4538雷亚尔,比上周上涨0.32%。

10月13日至17日，巴西棉花咨询委员会发布的进口平价价格基于考特鲁克A平均指数为每磅2.0327雷亚尔，较上周2.4311雷亚尔的价格上涨了0.54%。

在其最新报告中,美国农业部提高了对了印度、中国和巴基斯坦10月份的预估，并降低了2014-2015棉季对美国和巴西的预测。

总体而言,美国农业部预计2014-2015棉季棉花产量约为2600万吨,较9月份公布的数据增长1.1%。