Textile Enterprises Continued To Buy The Price &Nbsp; Zheng Cotton Price Pressure.
This Monday, Zheng cotton The main 1201 contract closed at 22200 yuan / ton, down 630 yuan / ton compared with the closing price of the previous trading day, and the position decreased by 20 thousand to 498720 hands compared with the previous trading day; 1109 closed at 22105 yuan / ton, down 1155 yuan / ton compared with the previous trading day.
In terms of external demand, it was dragged down by demand anxiety. The cotton harvest was at a low level for about nine months. Last night, ICE CT12 fell 5 points to 108.88 points. Last weekend, the international Cotlook-A index dropped 157.9 cents / pound, 2.6 cents / lb.
Spot prices continued to plummet with cotton futures last night.
Cotton spot
328 spot cotton quotes fell 124 yuan / ton to 23009 yuan / ton; 527 spot cotton quotations fell 119 yuan / ton to 20853 yuan / ton; 229 spot cotton quotations 25388 yuan / ton, down 171 yuan / ton.
Downstream market, Jiangsu Shengze all cotton yarn Market C32S knitting mainstream price stabilized at 30800 yuan / ton.
News, according to Washington July 11th, the US Department of agriculture (USDA) reported in the weekly crop growth report that by the week July 10th, the US cotton growth rate was 28%, a week before 28%, compared to 67% in the same period last year. The cotton bud rate in the United States was 60%, the previous week was 49%, 77% in the same period last year, five in the five year, 20% in the previous week, 14% in the previous week, 25% in the same period last year, and 20% in the last year.
Since last Saturday, a large textile enterprise in Binzhou, Shandong has been ranked three.
lint
According to the quality negotiation price of about 22000 yuan / ton, yesterday afternoon, the purchase price of grade four lint was reduced by 500 yuan / ton yesterday afternoon. After adjustment, the 429 grade was 20900 yuan / ton, 427 grade was 20500 yuan / ton, this is the fourth grade cotton that was lowered again after 2 days of this month, and the price of three consecutive times has been reduced by 2300 yuan / ton in the short term.
Technically, zhengmian 1109 broke down, and 1201 remained in a concussion interval. On the operation, 1201 of the contracts were kept empty, and 20 days average line was set up to stop losses.
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