Zhejiang Merchants On The City: Cotton Can Maintain Sideways

Zhejiang merchants on the city: cotton can maintain sideways

Cotton:

In 1 and March 28th, 84100 tons were planned to be collected, and 11870 tons were actually traded, with a turnover ratio of 14%.

A decrease of 6720 tons compared with the previous day.

Among them, the Xinjiang warehouse point plan to close and store 31000 tons, actually clinch a deal of 3320 tons, the turnover rate is 11%, the mainland warehouse plans to store and store 53100 tons, actually clinch a deal 8550 tons, the paction rate is 16%; as of today 2011 year cotton temporary storage and storage accumulates the total turnover 3074500 tons, Xinjiang accumulates the total turnover 1688560 tons, the mainland accumulates the turnover 1385940 tons.

2, because of the increase in soybean and corn prices, the amount of cotton planting area in the US Delta and southeast of this year has decreased by about 13% compared with last year.

A survey released on Wednesday showed that the amount of cotton sown area in the United States in 2012 was 1274-1276 acres, which was 13.3-13.4% less than that of 14 million 720 thousand acres planted last year.

The American Cotton Association, an industry association, estimated that the cotton planting area in the United States in 2012 was 13 million 630 thousand acres in early February.

At the end of 2, the US Department of Agriculture said at the prospect conference that the cotton planting area of the United States is expected to be 13 million 200 thousand acres in 2012.

According to a January survey, the industry expects us cotton sown area to be 1300.2-1324.2 million acres in 2012.

3. ICE cotton futures closed for nearly two months on Wednesday.

ICE index cotton contract in May rose 1.44 cents, or 1.5%, at 94.03 cents per pound, the highest closing price for February 7th.

Trade tips: US cotton continues to rise.

The pattern of external strength and internal weakness will not change.

Close to the end of the purchase and storage, the market has a certain panic, temporarily can not be too optimistic about the growth of Zheng cotton.

In the short term, we may continue to maintain horizontal form and change space with time.

In the early stage of operation, more than 21000 checks were held.