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Experts Suggest: Cotton Trend Entanglements Need To Walk Around To See.

2011/5/18 15:37:00 51

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Intercontinental Exchange (ICE)

Cotton futures

On Tuesday, it was reported that cotton traders Allenberg had cancelled their registration of cotton contracts for delivery in May, resulting in a decline in registered cotton stocks in the past few trading days. The market is worried that cotton prices will not rise enough when the contract expires in recent months.

Index ICE-7 cotton contract CTN1 rose 3.89 cents to 1.5504 dollars per pound.

Today, Zheng cotton 1109 contract continues to shake.

It opened at 25375, the highest 25555, the lowest 25255, closing at 25365, up 45 points from the previous trading day (+0.18%).

Cotton index increased by 23708 hands, turnover of more than 1 million 660 thousand hands.

Spot market, May 18th China

Cotton price

The index (328) was 24606 yuan / ton, down 64 yuan / ton.

In May 17th, the import cotton price index (FCIndex S) was 181.64 cents / pound, up 5.84 cents / pound; 1% tariff 30041 yuan / ton, up 959 yuan / ton; discount sliding duty 30390 yuan / ton, up 950 yuan / ton.

According to the latest macroeconomic data released by the National Bureau of statistics, the total export volume of domestic textiles and clothing reached 1-4 US dollars in 1-4, 2011, an increase of 27.4% over the same period last year.

Although the growth of domestic textile and garment exports exceeded expectations, it was mainly due to the increase in export prices.

It is estimated that the first quarter of this year, China's textile and clothing on the global

Export price

Compared with the same period, the textile price increased by 19.46% compared with the same period last year, and the price of textiles increased by 24.31% compared with the same period last year. The price of clothing increased by 15.99% over the same period last year.

If we exclude price factors, we initially estimated that the number of textile and garment exports in China increased by 3.53% over the same period last year, which is 10.75 percentage points lower than 14.28% in the same period last year.

The downturn in the domestic textile industry has affected domestic cotton demand, so cotton prices continue to be callback.

Judging from the trend of the disk, the domestic market was affected by the rise of US cotton today. The price dived shortly after opening, the lowest to 25255, but it soon rose. After that, cotton prices continued to adjust, followed by jerk, up to 25555, and diving soon.

Today, the cotton market trend is tangled, and the shock is intense.

Generally speaking, the recent decline in cotton is slowing down, and it is expected that the latter trend will gradually turn to turbulence.

On the operation, it is recommended to continue to wait and see.