Comments On Cotton Market Today: Weak Market Trend, Difficult Operation Of Textile Off-Season

Electronic matching:

In July 9th, the volume of market volume was reduced, the order quantity decreased slightly, and the average price rose most. Besides the average price of the MA1212 contract fell by 52 yuan / ton the previous day, the average price of the other contracts was higher than that of the previous day.

Whole country

The market commodity cotton coordination business traded 11400 tons, a decrease of 2220 tons compared with the previous day, the order quantity reduced slightly 60 tons, accumulative total orders 136100 tons.

Two. Futures market

1. ICE:

Small gains on Monday helped small speculative purchases, and investors adjusted their positions before the government's demand and supply report was released this week.

The December cotton contract settlement price rose 0.07 cents at 70.69 cents a pound.

2. Zhengzhou: Zheng Mian opened a low rally near its closing price on Friday, and after the afternoon, the price was weak and volatile.

The opening price of CF1301 is 19500 yuan / ton, the highest price is 19540 yuan / ton, the lowest price is 19340 yuan / ton, closing price is 19490 yuan / ton, up 15 yuan / ton, the daily turnover is 169018 hands, the position is reduced, and the daily turnover is reduced from 5494 to 290726 hands.

Three. Spot market:

Wei Qiao offer: three level: 19300 429:18500 (temporary suspension)

CC INDEX328:18168 yuan / ton, up 9 yuan.

Others: the average price of grade 527 cotton to plant is 15844 yuan / ton, up 15 yuan.

Recently, the rainfall in Huang Huai area has been concentrated and lasted for a long time. Due to the influence of waterlogging and lack of light in some areas, the phenomenon of bud abscission has occurred, and diseases, pests and weeds are coming. The temperature and humidity in the cotton area of the Yangtze River Basin are not very stable. If it continues, it will have a serious impact on cotton that is in the critical period of growth and development.

On the side of cotton, cotton seed sales have been active and prices have risen slightly; the market for cottonseed oil and meal has also risen steadily; cotton lint is still dominated by disadvantaged cotton shells.

Downstream, since the textile industry entered the traditional off-season, most SMEs limited production and shutdowns.

First fall and then stabilize, the market will run poorly.

Four, the macro environment: in June, CPI and PPI double down, there is still room for policy easing.

As of July 8th, the excellent and good rate of cotton growth in the United States was 44%.

The cotton planting area in India decreased in 2012/12, which was delayed by rainfall.