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Business: Cotton July 23Rd Morning Reference Information

2010/7/23 10:51:00 34

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Cotton

International developments:

Because

Pakistan

The government restricts the export of cotton yarn and the demand for cotton in domestic spinning mills is weakened.

In June of this year, Pakistan

cotton

Imports fell by 51.9% compared to the same period last year, only 31 thousand and 500 tons.

In the first 11 months of this year, Pakistan imported 283 thousand tons of cotton, down 22.3% from the same period last year.

US cotton export weekly: loading capacity has risen sharply.

Net sales of 92700 cotton bags in 2009/10 were 14% less than last week, 13% less than the average weekly sales.

The export of HP cotton is 332600 packs, an increase of 99% over last week, an increase of 18% compared with the average export volume for the four weeks.

Pima cotton exports 1500 packs, 30% less than last week, 49% less than the average export volume around.

July 22nd: ICE futures continue to rise.

The ICE cotton market rebounded in the US, and the available stocks gradually decreased, and the end users took action to seize more cotton.

Cotlook cotton outlook

index

Rebound.

The Far East A index (10-11) rose 85 points to 83.55 cents / pound.

The Far East A index (10-11) rose 35 points this week.

Domestic developments:

Zheng cotton Market: on Thursday, the commodity market is going up and down, and metals and chemicals are slightly stronger.

Driven by the US cotton drive, Zheng cotton rose slightly yesterday.

At the close, Zheng cotton 1101 contract rose 60 yuan / ton to 16255 yuan / ton.

From the perspective of technological form, there is pressure near the short-term average.

Yesterday, CF1101 trading volume decreased by 3552 to 153750 hands compared with the previous trading day, and the position was reduced by 13544.

From the comparison of air power, yesterday's short liquidation was more active.

China's cotton spot prices continue to decline slightly, and cotton traders are actively shipping, and there are still few pactions.

The sale of cotton yarn is poor, and the purchasing enthusiasm of the spinning mill is low.

As some textile mills have higher inventories, the demand for replenishment needs to be insured, so market sentiment is stronger.

As of July 22nd, CC Index 328 cotton spot quotation fell 12 yuan to 18278 yuan / ton.

In June 2010, China's cotton yarn imports decreased by 12.22% over the same period last year.

China's cotton exports increased by 36.95% in June 2010.

Analysis recommendations:

The international cotton price has risen slightly, the FCIndex M 1% tariff price is 15267 yuan / ton, the sliding price is 15762 yuan / ton, and the cotton price to the port is still lower than the domestic cotton price.

As of yesterday's close, 1101 contracts and cotton spot prices were upside down 2023 yuan / ton.

At present, the market policy is in a relatively vacuum period. Danner, an analyst at cottonnet.toocle.com/, predicts that Zheng cotton will be more likely to maintain short-term shocks. The trend of the US cotton trend is higher than that of Zheng cotton overnight. If there is no policy intervention, cotton spot will continue to decline slightly.