On 2 July, The US Sown Area Increased By &Nbsp; Zheng Cotton'S Weak Shocks.
Zheng cotton Market: Thursday
commodity market
Mostly with a narrow range of shock finishing, Zheng cotton fell back overnight under the influence of US cotton waste.
At the close, Zheng cotton 1101 contract fell 155 yuan / ton to 16645 yuan / ton.
From the perspective of technical form, yesterday's K-line maintained average range shocks, and the EMA appeared convergence.
Yesterday, CF1101 trading volume increased by 30720 to 277678 hands over the previous trading day, and the position decreased by 3404.
From the comparison of air power, yesterday's short opening was more active.
ICE Market
NYBOT cotton futures, according to New York July 1st.
Cotton futures
Thursday's rally was close.
The most active December cotton contract rose 0.07 cents or 0.1%, at 76.45 cents a pound.
The domestic spot market: yesterday, the electronic matching market is going up and down, and the price of each contract is between -27-70 yuan / ton.
At the close, the contract price is between 16750-18980 yuan / ton, turnover is 8560 tons, and the order quantity is 169580 tons.
The MA1009 contract marked 328B was reported to be 17980 yuan / ton yesterday.
New lake reviews: 1, the spot market continued to rise, the CCIndex 328 offer rose 26 yuan / ton to 18335 yuan / ton, the international cotton price fell slightly, FCIndex M 1% tariff price 16452 yuan / ton, sliding price 16935 yuan / ton, the cotton to port price is still lower than the domestic cotton price.
As of today's close, 1101 contracts and spot prices are upside down 1690 yuan / ton.
According to the latest forecast report released by the US Department of agriculture, the sowing area in 10/11 is expected to increase by 19% over the past year. This news also directly led to the fall in the US cotton overnight. Today, Zheng Mian also reflects this news.
On the whole, Zheng cotton's performance is still strong, especially when the commodity market and the domestic stock market once weakened in the first few days of this week, Zheng cotton still maintained high volatility, which shows that the market has digested the national reserve and the issuance quota.
Recently, domestic weather is not ideal. It is expected that Zheng cotton will be more likely to maintain concussion.
- Related reading
Hai Qin Futures: Weak In Internal And External Market, PTA Again Fell Sharply
|- Popular this season | New Trend, New Experience 2017 Beauty Trend Learning
- Footwear industry dynamics | XTEP Helps "2016 Warm Winter"
- Management strategy | Amazon'S Black Technology Is On The Screen Again, But It Has Nothing To Do With New Retail.
- Office attire | Analysis Of Dress Etiquette In Office
- Office etiquette | Office Knowledge Of Basic Etiquette Must Be Known.
- Receptionist skills | Key Points Of Official Hospitality Etiquette Knowledge
- Industrial and commercial tax | Tax Risk Points Contained In Accounting Statements
- Workplace planning | Analysis Of Career Development Plan Of HR
- Market trend | Trump'S Congratulatory Letter To See The Trend Of Sino US Textile And Clothing Trade
- Instructions for foreign trade | Foreign Trade Is Far Ahead Of Expected Capital Outflow Pressure Is Expected To Ease
- Prohibition Of Specific Organotin Compounds In European Consumer Goods
- 2010 Countries' Economic Data Are Mixed.
- Hai Qin Futures: Weak In Internal And External Market, PTA Again Fell Sharply
- The Ministry Of Industry And Commerce Seven Measures To Ensure The Realization Of The "11Th Five-Year" Energy Saving Target
- June 30, 2010 PTA Spot Market Daily
- How To Solve The Problem Of Unequal Sleeves At The Bottom Seam Of Sleeves?
- Shaanxi Speeds Up The Pace Of Building A Functional Textile And Garment Industry Base
- Li Ningxin'S Slogan Is To Attract "Post-90S".
- Qingdao Textile And Garment Industry Is On The Rise
- Ministry Of Finance Standardizes And Strengthens Capital Management Of Local Small And Medium Sized Enterprises