US Cotton Successfully Cracked 159 Pressure &Nbsp; Zheng Cotton Continued To Notch Up Tough Battles.

Overnight, the sharp rise in global commodity prices drove ICE futures to continue to grow. In July, the contract opened higher and rose by more than 400 points, and the increase in December was restricted by trading in the warehouse.

With the continuous rebound in cotton prices, technical graphics have been repaired, but whether it can break 160 cents depends on what USDA announced tonight.

On the news side, the continuous increase in US textile output has led to an increase in cotton production in factories.

In April this year, although the output of industrial products increased slowly in the United States, textile mills continued to expand their production capacity. The volume of factory cotton used this year will probably rise at the fastest pace in nearly 20 years.

In the first 8 months of this year, the cumulative output of textiles in the United States increased by 10.2% over the same period last year.

In contrast, textile production in April increased by 10.3% over the same period last year.

The strong increase in textile production is closely related to the amount of cotton used in factories.

In March this year, the amount of cotton used in the United States was equivalent to that of the whole year.

The international market, most of the imports of cotton yesterday, China's main port price increased by 500-600 yuan / ton.

It is understood that the floods in the US Delta and the drought in Texas have attracted the attention of the industry.

So far, the impact of bad weather on cotton production in the United States is not clear.

Taking into account the early callback of ICE cotton futures prices, many speculators began to take this message to participate in anti smoking.

At present, the international spot market is slack and cotton prices still need to be watched carefully.

Domestic market, 18 days, in the background of tightening state bank loans,

Spot quotation. In May 18th, the price of C/A cotton in the United States was 188.10 (cents / pound, the same below), and the general port trade delivery price was 31439 yuan / ton (calculated according to the sliding tax).

The US E/MOT cotton quotation is 177.67, and the general port trade port delivery price is 29735 yuan / ton.

Australia cotton quotation is 188.10, discount general port trade port delivery price 31439 yuan / ton.

Uzbekistan cotton quotation is 198.10, discount RMB general port trade pick up price 33067 yuan / ton.

The quotation for West African cotton is 208.85, and the general port trade delivery price is 34817 yuan / ton.

National cotton price A index 26517 yuan / ton, down 67 yuan; B index 24729 yuan, down 78 yuan.

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Market analysis, overnight cotton futures contract price successfully stood 159 cents / pound, the upper space was opened, the next target 167 cents / pound, the trend of the United States cotton is expected to boost the internal disk.

In May 13th, Zheng cotton received a technical correction after 3 days of strong reception. The strong pressure on the gap has been gradually released and the 25800 line is waiting for attack.

Operation recommendations, test water more than single holding, conservative investors wait and see.