Affected By ICE Cotton Prices, Zhengzhou Cotton Prices Go Up.
Subject to ICE Cotton price The trend affects Zhengzhou cotton prices to go higher and higher. Analysts believe that in February, China Import and export of foreign trade Zhengzhou's total value dropped by 27.2%. Cotton price Maintain oscillation pattern.
ICE Cotton price A slight rise, the main contract in May rose 62 points, the settlement price of 41.8 cents / pound. Zheng cotton price Gao Kai Gao, the contract 905 opened 11865 yuan / ton, closing at 11905 yuan / ton, compared with the previous trading day settlement price rose 65 yuan / ton, from a technical point of view, Zhengzhou cotton prices return to the 5 day moving average, the MACD average green column shortening.
According to customs statistics, China imported 93 thousand tons of cotton in February, an increase of 15 thousand tons over the previous month, an increase of 19.2%, a decrease of 65 thousand tons, or a decrease of 41.1%. As of February, China's total cotton imports 641 thousand tons in 2008 cotton year, a decrease of 471 thousand tons, or a decrease of 42.4% tons.
China Customs General Administration on 11 announced the import and export situation of our country in the first 2 months of this year. According to customs statistics, China's foreign trade import and export total value was 266 billion 770 million US dollars from 1 to February, a decrease of 27.2% compared with the same period last year, of which exports 155 billion 330 million US dollars, decreased by 21.1%, and imports 1. 11 commented on this article (0).
According to the latest statistics of the General Administration of Customs of China, the export volume of textiles and clothing in China in February 2009 was 6 billion 705 million US dollars, a decrease of 55.98% compared to the same period, a decrease of 34.8% over the same period last year, of which the textile export volume was 2 billion 563 million US dollars, down 32.45% from the same period last year, the export volume of garments was 4 billion 112 million US dollars, the same ratio decreased by 36.22%, and September 2008 -2009 February, China's textiles. Clothing export The total amount was $88 billion 186 million, an increase of US $366 million over the same period, an increase of 0.42%.
In short, our country in February Cotton import A slight increase in the ring ratio, while the import and export value of foreign trade decreased by 27.2% year-on-year, and other factors, Zhengzhou cotton prices remain oscillating pattern.
Editor in chief: Xu Qiyun
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