There Is Still Some Upward Pressure On Cotton Prices.

Overnight, in June 26th, despite the rebound in the CRB index, ICE Cotton futures Continue under the pressure of speculative selling. Fall But it did not break through the recent 65-75 cent oscillation area. The market is rather light. Investors are waiting for the US cotton export report and the actual coverage area. At present, the loose fundamentals are hard to get more impetus for cotton prices. Oscillation trend Mainly.

On the news side, Thailand imported 34 thousand and 300 tons of cotton in May this year, an increase of 25.1% over the same period last year, the highest level in 14 months, mainly due to a fall in cotton prices and an increase in the import of cotton in the southern hemisphere. In that month, imports of cotton and cotton in Brazil increased sharply, while imports to the US cotton fell by nearly 1/3 over the same period. Nevertheless, the total number of cotton imported from Thailand in the first 10 months of this year still decreased by 30.8% compared with the same period last year. The decrease in imports of US cotton completely offset the increase in imports of other varieties.

On the international market, on the 26 day, the price of China's main imports of cotton imports generally rose, of which 1 cents were higher than that of the United States cotton and India cotton, while the West African cotton rose 0.5 cents. From the spot market situation, the sharp decline of the cotton market before the day effectively stimulated the textile mill procurement, but the quantity was limited. On the one hand, the quota of textile mills was insufficient. On the other hand, the European and American economic atmosphere was not good enough to cause the textile orders to be lost, and the textile factories had not enough willingness to replenishment. On the whole, the price of cotton is still rising.

Domestic market, 26, domestic cotton spot prices keep oscillating downward trend, spot market transactions remain cold. Recently, most parts of North China have been reduced to moderate rain, and Cotton Drought and drought have been alleviated in some areas.

Spot quotation. In June 26th, the price of C/A cotton in the US was 88.85 (cents / pound), and the general trade port delivery price was 14873 yuan / ton (calculated according to the sliding tax). The Australian cotton quotation was 91.60, the general trade port delivery price was 15313 yuan / ton, the Uzbekistan cotton quotation was 92.40, the general trade port delivery price was 15430 yuan / ton, the India cotton quotation was 83.10, the general trade port delivery price was 13963 yuan / ton. National cotton price A index 19421 yuan / ton, down 3 yuan; B index 18477 yuan, down 2 yuan.

Market analysis, due to the serious shortage of import quotas, the industry has constantly called for the issuance of sliding quota import quotas, attracting some international cotton traders to predict the trend of Zheng cotton is very optimistic. 1, macro uncertainties remain; 2, 7, and August supply and demand factors will be highlighted; 3, import quota will increase import pressure. Firm pressure should not be underestimated. Overnight cotton cotton bottom trend unchanged, Zheng cotton short rally trend support 1908519500 near the trend pressure.

Operation, the short line rally market 19085- gap rolling operation, trend judgement depends on 19500 near.