The European Debt Crisis Has Affected &Nbsp; The Rise In Cotton Prices Is More Difficult.
Affected by the European debt crisis, the US cotton fell sharply on the 20 day, and the contract fell 5 cents in December, reaching a limit of 101 cents.
Growth report of American cotton week
The excellent and good rate was 27% lower than last week's 28%, far below 58% in the same period last year.
Recently, China
Cotton spot
Market cotton prices remained stable and small.
Hebei, Shaanxi and other cotton areas, a large range of rainfall, some cotton affected, although some cotton grades declined slightly, but the internal quality is still relatively good, but the color is more affected, basically can not reach the storage of three grade cotton, water is also high.
In addition, rainfall has an impact on the single yield of new cotton. With the recent decline in temperature, the yield of cotton fields is reduced.
But if the weather is better later, the quality of cotton will also improve.
At present, cotton farmers are reluctant to sell in the Yangtze River and Hubei producing areas.
The acquisition market was relatively cold, while the seed cotton prices in Xinjiang increased, and the moisture content of seed cotton in the southern Xinjiang was relatively high.
In terms of textile industry, the sales situation of textile mills has not improved, and has remained warm.
Expected later stage
Cotton market
The rise is more difficult.
Zheng cotton futures still dominated by a small concussion, and the 1205 contract fell below 21800 support, which is expected to test the 21500 line support.
Operation suggestion: the original empty list continues to hold. The 1205 contract pays close attention to 21800-22000 of the pressure area. The operation can be grasped to rebound to the pressure area, along with the opportunity central line empty single intervention, stop loss 22500.
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