Spot Purchase And Sale Pactions Are Still Not &Nbsp; Cotton Prices Change With Time.
Overnight,
ICE cotton
Futures tend to become weaker after opening high, while the intraday concussion is aggravated, while the late market has been greatly reduced by the impact of bull profits.
The market demand has not changed since China's Spring Festival.
market
The atmosphere of the festival has not yet come out. With the overall sales and sales warming, it is expected to stimulate cotton prices to continue to rise.
ICE cotton still has a potential for 200 cents.
News, according to foreign reports, due to the global
Cotton price
The US retailers will be under pressure this year.
Many small textile mills or retailers have begun to try to control costs from all aspects and try to avoid the pressure of high prices of raw materials to pmit to consumers.
Experts predict that over the past 20 years, the situation of low clothing prices in the United States will soon change. The pressure of cotton prices will eventually be pmitted to consumers. It is expected that clothing prices will rise by 7-8% this year. This will not only be a great pressure for retailers, but also a great challenge for the newly upgraded US economy.
In the international market, the quotation of China's main port of imported cotton continued to rise yesterday, but the rate of increase was significantly reduced. In addition to the US cotton rose 2.4 cents and Australia cotton rose 1 cents, other varieties rose less than 1 cents, and Central Asia cotton fell 0.75 cents.
Although the price of cotton is rising, it is slowing down in the case of a significant adjustment in cotton production.
This reflects the current period, the increase in spot basis, the stagnation of spot trading and the overall market outlook.
Cotton prices are expected to remain high and volatile in the near future.
In the domestic market, the price of domestic cotton spot market has increased, and telephone enquiries have increased with the start of textile mills.
The price of all cotton yarn in the downstream market has steadily risen, and the overall atmosphere of the market has become stronger.
At present, enterprises' "heart qi" is generally high, but cotton and cotton yarn trading volume has not been significantly active, which has become a major factor restricting the recent price rise.
Spot quotation. In February 14th, the price of C/A cotton in the United States was 221.30 (cents / pound, the same below), and the general port trade delivery price was 37176 yuan / ton (calculated according to the sliding tax).
Australia cotton quotation is 225.85, discount general port trade port delivery price 37899 yuan / ton.
Uzbekistan cotton quotation is 237.10, discount RMB general port trade delivery price 39777 tons.
The quotation for West African cotton is 224.10, and the general port trade delivery price is 37644 yuan / ton.
The national cotton price A index was 30613 yuan / ton, up 284 yuan / ton; the B index was 29691 yuan / ton, up 275 yuan / ton.
Market analysis, the overnight market shows the trend of price adjustment, focusing on the support of the 180 cent / pound platform below, but the overall upward trend is in good condition.
The spot purchase and sale has not yet been significantly active, restricting the recent price rise. Zheng cotton 1109 contracts support 32500 pressure 34390; 1111 contracts support 29600, pressure 31625.
Operation recommendations, prior to holding more, effectively break down the support departure.
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