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The News Was Stimulated By The External Seal At &Nbsp; Zheng Cotton Was Concerned About The 60 Day Average Line Support.

2011/2/28 15:27:00 51

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Overnight, as the US stock market closed down last Friday, crude oil prices stabilized. The number of ICE cotton futures sales dropped sharply. The intraday trend was dominated by concussion, but speculative buying at the end of the session prompted cotton prices to go up.

It is reported that the Chinese textile mill purchased a large amount the day before yesterday.

American cotton

。

In addition, the increase in US cotton capacity also provides support for cotton prices.

After the external environment is stable, investors' attention will return to the fundamentals of the market.

News, the US cotton export report (2011.2.11-17).

In the week of 2010/11, the net contracted volume of US cotton exports was 15 thousand and 900 tons, 61% less than the previous week, and 53% lower than the average value of the previous four weeks.

The net contract volume of US cotton exports was 42 thousand and 700 tons in 2011/12.

The export volume of us upland cotton exports is 103 thousand tons, an increase of 15% over the previous week, an increase of 9% over the previous week's average level.

In 2010/11, the net contract volume of the US Pima cotton export was 2 thousand and 200 tons, an increase of 22% over the previous week, a decrease of 23% over the previous four weeks average.

In 2011/12, the net contract volume of the US Pima cotton export was 1 thousand and 600 tons, and the export shipment volume was 4 thousand tons.

International market, last Friday

Imported cotton

China's main port quotas continued to plummet, with most varieties falling 7 cents, while Brazil cotton and Central Asian cotton declined slightly.

After a sharp fall in cotton prices, the procurement of textile enterprises is very cautious, mainly based on enquiries, with few actual pactions.

The US Department of agriculture has looked into the global supply and demand of the new year, and the supply of cotton is still the most concerned topic in the industry.

Market participants believe that the forecast of USDA will support high prices in the new year, and will remain strong after the fall in cotton prices.

On the 25 day, the domestic and foreign futures markets began to stabilize and rebound.

Domestic market, though domestic

futures

And international spot prices continued to decline, but domestic cotton spot prices remained small upward trend, domestic spot concentrated in the middle circulation, and the price has not obviously dropped or loosened, the 3 grade cotton is still hovering at high level, textile enterprises with purchase, there is basically no large-scale replenishment.

The acquisition companies are constrained by the current high purchasing costs. Most of them are waiting for acquisitions. Cotton growers and cotton traders have seed cotton stocks and are in a wait-and-see look.

Spot quotation. In February 25th, the price of C/A cotton in the United States was 213.95 (cents / pound, the same below), and the general port trade delivery price was 35948 yuan / ton (calculated according to the sliding tax).

Australia cotton quotation is 213.80, discount general port trade port delivery price 35923 yuan / ton.

Uzbekistan cotton quotation is 231.10, discount RMB general port trade delivery price 38776 tons.

The quotation for West African cotton is 214.85, and the general port trade delivery price is 36098 yuan / ton.

The national cotton price A index was 31494 yuan / ton, up 4 yuan; the B index was 30580 yuan, up 5 yuan.

Market analysis, the United States Department of agriculture outlook data support the next year's high cotton prices, coupled with the United States cotton weekly export report more profitable, last Friday, the US cotton seal on the market, pay attention to the stability of the 176 platforms below.

Technically, the adjustment has not yet ended. The 60 day EMA of the 1109 cotton contract is urgently needed.