MEIKO Futures: The Market Ignites &Nbsp, And Cotton Is Strong.

News, October 2010 22-28, the US cotton export weekly, the signing volume increased significantly.

In the week of 2010/11, the net export volume of US cotton was 127 thousand and 200 tons, 2 times more than that of the previous week, which is 20% higher than that of the previous four weeks.

The US cotton contract volume rebounded sharply, indicating that after a slight reduction in the price, the market will actively intervene in buying, which will further become a strong support for price rise.

In the international market, in November 4th, the price of China's main port of imported cotton continued the day before yesterday, and other varieties continued to rise 4-7 cents in addition to the slight increase in cotton and India cotton.

Judging from the current situation, the US cotton and Central Asian cotton have been sold mostly, the supply of other varieties is uncertain, and China's demand is continuously.

According to the survey, after the ICE futures fell last week, the export situation of US cotton was better than that of the previous week.

The current price has not really suppressed cotton consumption, and the international cotton price is still rising.

Space.

In November 4th, the international cotton index (SM) 162.16 increased by 212 points. The average trade port delivery price was 27795 yuan / ton (calculated according to the sliding tax, the exchange rate was calculated at the middle price of the Bank of China (3.60,0.00,0.00%)), the international cotton index (M) 160.76, up 236 points, and the general trade port price was 27555 yuan / ton.

The price of C/A cotton in the US is 162.10 (cents / pound), and the general port trade delivery price is 27561 yuan / ton (calculated according to the sliding tax).

Uzbekistan cotton quotation is 170.10, discount RMB general port trade pick up price 28883 yuan / ton.

The quotation for West African cotton is 169.10, and the general port trade delivery price is 28714 yuan / ton.

Domestic market, in November 4th, the national cotton price A index 28949 yuan / ton, rose 235 yuan; B index 28377 yuan, rose 242 yuan.

The external environment has promoted the confidence of the domestic cotton market, and the price of the purchase and sale has continued to rise, but the real estate cotton paction is still not active.

Overnight, the United States announced the launch of the $600 billion quantitative easing plan, which enhanced the market's anticipation of future liquidity and created a stronger environment for commodities.

Judging from the turnover of the Canton Fair, the amount of orders decreased year by year, but it was better than expected. Many enterprises reflected that orders were more full, and the market was more optimistic than expected in the latter stage, providing support for the recent cotton prices to remain strong.

Market analysis, the dollar weakened again ignited the atmosphere of the market, the overnight rise of the external market price has reached 140.45 cents / pound.

US cotton export volume rebounded sharply, and domestic spot prices rose steadily, becoming a driving force for price rise.

The Canton Fair closed yesterday. The first three days, the cumulative volume of textile and apparel sales was 4 billion 560 million US dollars, down 2.6% from last year. In the case of RMB appreciation and soaring raw material prices, the overall outlook is more optimistic than expected, which will help cotton prices continue to rise.