ICE Cotton Prices Fell Slightly.

As of April 26th, the United States signed a net export of cotton -5715 tons this year, signed 17962 tons of cotton next year and shipped 72711 tons. The relative bad data pressure on ICE cotton. Meanwhile, the United States will announce the non farm employment report on Friday. The global stock market and oil price drop are pressure on the whole commodity market. The overnight ICE period cotton fell slightly, the main contract in July fell 0.3 cents to 89.21 cents / pound, and the continuation of the callback trend remained unchanged.

At present, the market focus has shifted to the monthly supply and demand report of next week's USDA. The 5 monthly report will first announce the cotton production and consumption situation in 2012/13.

Thursday ICE cotton July contract fell slightly, the closing is still running under the short-term average, the short term average has a U-turn downward trend, KD and MACD indicators to form a downward alignment of the MACD index, MACD index green column began to grow, the short term market is in a weak position, July contract will continue to challenge 87 cents / pound support position, but the probability of breaking down is not great, ICE cotton will run in the crosses of 87-94 cents / pound.

Although it is rumored that a large textile enterprise in Shandong is upregulated.

500-1000 yuan / ton, Guangdong J32S quotations reached 32000 yuan / ton, indicating that the market has bottomed out signs, but on Thursday Zheng cotton still shock down, the main 1209 contract fell below 21000 yuan / ton integer support.

As the euro zone economy is in recession and global consumption is sluggish, there will be no explosive market.

On the other hand, the domestic cotton price is still significantly higher than the international cotton price, while Zheng cotton is much higher than the domestic spot cotton price. The domestic real estate 428B class spot quotation is below 19000 yuan / ton, which is much lower than the price of Zhengyang cotton. The registered inventory and effective forecast of Zheng cotton continue to increase, facing the pressure of value revaluation, the overall market sentiment is low, the weak will continue, and the weak will continue, and continue to hold the empty list, paying attention to the support position of the 1209 contract 20800 yuan / ton and the pressure level of 21000 yuan / ton.

Cotton prices follow external market fluctuations, waiting for information guidance.

Thursday fell slightly, while the July contract fell 0.3 cents to 89.21 cents.

ICE cotton futures opened lower yesterday, rebounded slightly in the intraday market, suffered from the obstruction of the average line and the weakening of the peripheral market. At present, commodities and stock markets are still being weighed down by the negative economic factors. Recently, a series of economic data shows that the global economic recovery is weak, and the market is not dominant. The cotton trend is following the negative atmosphere of the economic side and the surrounding commodity market. ICE continues to explore the market. The market is waiting for the end of next week's report on the supply and demand report released by the US Department of agriculture, and the non farm employment report released on April will also have a certain impact on the market in April.

Before that, ICE cotton futures will maintain a weak trend of regional shocks.

Zheng cotton futures opened yesterday, initially affected by the pick-up of the surrounding commodity and stock market, slightly higher, under the pressure of the five day moving average, the concussion fell, and finally fell slightly down to below 21000.

Under the underlying fundamentals, ICE cotton futures follow the fluctuations of the surrounding commodity atmosphere, and bear power is still dominant.

At present, the negative impact of the larger factors on India's cotton exports is released one day. The two is the market rumors that China will issue additional cotton import quotas in May, the number of which is 1 million tons, which has a certain impact on the domestic market, the price of cotton spot lint is weak, the regional quotations are down, and the cotton textile enterprises are watching. The reason for watching is to see the news of the policy, the issuance of quotas, the current sales of yarn products are not smooth, the difference between domestic and foreign cotton prices is big, domestic products have no competitive advantage in the international market, and textile enterprises have no intention to purchase raw materials.

Cotton enterprises and cotton textile enterprises have a certain deficit, waiting for the market to turn around.

Zheng cotton futures continued weakness in the market, technically a short market, short control, trading light, will continue to decline slightly after the trend.