National Cotton Store Sells Hot &Nbsp, And Cotton Market Deducts Pole Vault.

Affected by rainfall, the harvest was delayed and Asia's demand was strong. 21 days earlier, Zheng cotton jumped high in the air and then opened.

Delayed harvest, India export uncertainty and strong demand for Asian data, 20 cotton futures ICE hit a new high, intraday rose to 15 U.S. dollars per pound 1.0198 U.S. dollars, for the first time in 1995 to break 1 U.S. dollars, and close to the historical high of 1.17 U.S. dollars.

Cotton futures closed up 1.15 cents in December, closing at 99.37 cents / pound, with a high point of 1.0198 dollars / pound.

Basic news, the US Department of agriculture (USDA) reported in the weekly crop growth report that by the week September 19th, the US cotton growth rate was 58%, 59% last week and 50% in the same period in 2009.

At present, both China and India are affected by rainfall, and the new cotton market will be delayed.

Last week, the rainfall in India increased by 19% over the same period last year, an increase of 26% over the previous week. The rainfall in the central region was lower than that in the previous week. Since September, rainfall in India has increased by 22% over the same period in previous years.

Most of the main cotton producing areas in China have been affected by continuous rain and frost since September.

Due to weather factors, cotton traders have higher expectations for cotton prices in the future market. At present, the mentality of selling is serious. The international market is generally optimistic about the rigid demand in the late stage of China's market.

Market participants believe that the current international cotton price has exceeded 1 U.S. dollars / pound, and is expected to explore the historical high of $1.17 in 1995.

20 days

The China Cotton Association has warned the textile industry to remain rational and not follow speculators.

According to the association, the Chinese government is considering easing cotton import restrictions to allow cotton traders to import more cotton.

In addition, the state will convene a national cotton TV Forum in September 27th. The meeting may specify some regulatory measures for the current high cotton prices. But the author believes that the latter will not be very effective. Cotton prices will remain around supply and demand.

The reporter learned from some cotton traders that the seasonal passive demand of textile enterprises is spreading in view of the fact that the cotton market is now soaring.

In some parts of Xinjiang, the purchase price of seed cotton has exceeded 10.5 yuan / kg, and it is still more serious at high price.

From the downstream textile enterprises, it is known that there are enterprises in the 32S full cotton yarn quoted price of up to 30000 yuan, Huaian Jiangsu area up to 33000 yuan.

The rise in cotton prices has pushed up the whole industry chain, and at the moment, textile companies are paying high prices.

According to China Weather Network News, 21 days 08 o'clock to 22 days 08 hours, Western Xinjiang, Tibet, the eastern and southern part of Qinghai, the northwest part of the Middle East, northeast of Inner Mongolia, Northeast China, most parts of North China, Huang Huai, Jianghuai, Jianghan, Jiangnan, Southern China, southwest and so on. There are small to moderate rain or showers. Strong cold air will continue to rain from north to south in the eastern part of Northwest China, Inner Mongolia, northeast, North China, Huang Huai, Jianghuai, Jiangnan north and southwest China.

Rainy and frosty weather will affect cotton cracking and bolting, and continue to postpone picking.

Affected by cold air rainfall, the moisture content of seed cotton is relatively high, and the initial flower grade is low. With the increase of water, electricity, manpower and other expenses, the processing cost of enterprises is increased, and the risk of acquisition is increasing. Many enterprises still choose to wait and see.

To sum up, analysts believe that the global supply shortage and weather factors are still the main themes of speculation at present. With the cotton price being incorporated into the fast lane, the mentality of the market buying up and not buying down has made the cotton farmers reluctant to sell the psychological increase. I believe that although the short-term cotton prices have continued to rush high, some profit margins have been reduced, but the latter cotton prices are still exploring new high kinetic energy under the influence of unfavorable weather factors.

Following the trend is still the main idea of operation.