Demand For Cotton In The United States Decreases And Cotton Market Is More Vulnerable
Last week, New York cotton rose 800 points. American cotton Prices have been far from the rest of the world. Cotton price 。 Unfortunately, little demand for cotton is now even less, and the dreadful economic news and the collapse of the comprehensive commodity market have made the cotton market more vulnerable.
Over the weekend, overall commodity prices plummeted, and the CRB index of 19 commodities fell to a 6 year low. Market growth lacks basic support and demand is lagging behind. American cotton The quotation is no longer the lowest price in the world. In nearly four trading days, the CotlookA index is excluded. March contract closed at 4137 points, down 223 points on that day, and lost 645 points in the week. The December 2009 contract lost 551 points, and the weekly closing price was 602 points lower than the basic lending rate.
當(dāng)周下半周，市場(chǎng)暴跌，導(dǎo)致種植者停止銷售，自從四周前合約價(jià)格創(chuàng)新低以來(lái)，本周成交的棉花數(shù)量最少。此外，中國(guó)政府對(duì)市場(chǎng)進(jìn)行干預(yù)，中國(guó)棉花價(jià)格下降，而中國(guó)是美棉的最大買方，許多中國(guó)紡織廠的產(chǎn)能削減三分之一，因此，政府正在努力擴(kuò)大每日的國(guó)產(chǎn)棉花收購(gòu)數(shù)量，旨在穩(wěn)定市場(chǎng)。
美國(guó)棉花依賴于中國(guó)的采購(gòu)能力，中國(guó)紡織工廠則依賴于美國(guó)經(jīng)濟(jì)的健康，依賴于美國(guó)對(duì)紡織產(chǎn)品的需求。總之，美國(guó)是最大的消費(fèi)國(guó)家，而消費(fèi)國(guó)家擁有最終話語(yǔ)權(quán)。從美國(guó)國(guó)內(nèi)看，大型商場(chǎng)的零售銷售，除沃爾瑪之外，從感恩節(jié)之后到這個(gè)黑色星期五，都明顯停滯，失業(yè)率急劇上升將削弱紡織產(chǎn)品的銷售。
American agriculture The Ministry will adjust the report released last week, and the US agricultural export forecast in 2009 will be reduced by US $14 billion 500 million, or nearly 13%, because of the global recession, falling prices and weak demand. US cotton exports are expected to be US $4 billion, a decrease of US $1 billion 900 million compared with August. The US Department of Agriculture says cotton consumption in China has fallen for the first time in 1998-99 years. The world economy is deteriorating, weakening consumer demand for textiles and suppressing cotton prices.
There is a 800 point market correction in the cotton market. There is a 1200 point resistance above the adjusted world cotton price, which is about 48 cents. The fundamentals of this rally are very fragile, and the number of export sales has proved this in the last few weeks. However, the crash rate is still larger than expected. Last week's last two trading days, high and low, indicating that prices will continue to explore.
然而，中國(guó)的基礎(chǔ)建設(shè)和恢復(fù)性建筑已經(jīng)開(kāi)始，因此市場(chǎng)還有復(fù)蘇的機(jī)會(huì)。如果再見(jiàn)到合約新低，那么下周五個(gè)交易日將會(huì)開(kāi)啟一扇下跌之門。如果收市高于4800點(diǎn)，市場(chǎng)則可能會(huì)再漲3美分。
Next week, the US Department of agriculture will issue a December supply and demand report. If the Cotlook and ICACA global projections are close to the target, the US Department of agriculture will not have any positive predictions for the world.
However, everyone is watching the bad data to see if there are any surprises in the negative data. Before the expansion of demand, the market rally is basically a technological rebound, but it is expected to provide sales opportunities.
Editor: vivi
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