A List Of Cotton Prices In The US, West Africa, Australia And China

Overnight, in July 16th, Federal Reserve Chairman Bernanke said that the US economy was still pessimistic in its testimony, but it did not convey the signal that it would launch economic stimulus measures. The news had once brought downward pressure on the commodity market, but most commodities recovered from the fall, especially the grain market continued to rise under the influence of dry weather in the United States.

And the US cotton failed to continue the rally. From the perspective of technology graphics, the December contract has not yet fallen below the 40 day moving average.

News, from 2003 to 2010, 7 and August. cotton The average import volume was 207 thousand tons and 221 thousand tons respectively, 2005 reached the maximum value, and 290 thousand tons and 286 thousand tons were imported in 7 and August.

In the current year, the import of cotton imports showed a continuous "blowout" trend. The import volume in 7 and August is higher than the average level in the same period of the year. It may exceed 2005, and it is expected to be no less than 300 thousand tons. The current year Cotton import The total volume is expected to reach 5 million 300 thousand tons, a record high.

In the international market, in July 17th, the price of China's main imports of cotton imports generally rose, of which cotton and West African cotton rose 0.4-0.5 cents, and cotton and Brazil cotton rose more than 1 cents. At present, there is no change in the fundamentals of market supply than demand, but the price of cotton has risen steadily, and cotton prices have been rising. The cotton will remain oscillating in the market's wait-and-see.

Domestic market, 17 days, domestic Cotton price Continue to rise slightly, there is no substantial change in cotton fundamentals, is still oversupply, weak demand and purchase and storage policy support. From a time perspective, cotton prices are more subject to the purchase and storage of prices, Chen cotton digestion will determine the next stage of the market.

Spot quotation. In July 17th, the price of C/A cotton in the United States was 91.95 (cents / pound), and the general trade port delivery price was 15426 yuan / ton (calculated according to the sliding tax). The Australian cotton quotation was 94.35, the general trade port delivery price was 15808 yuan / ton, the Uzbekistan cotton quotation was 93.30, the general trade port delivery price was 15649 yuan / ton.

India cotton quotation is 86.35, discount general trade port delivery price 14539 yuan / ton. The national cotton price A index was 19410 yuan / ton, up 15 yuan; the B index was 18488 yuan, up 17 yuan.

Market analysis, the fundamentals of industry oversupply remain unchanged, but the market speculation on policy regulation has returned to the disk, which is expected to remain the same for the current year and the next year, so as to stir up market nerves and wait for the news to be clear. Overnight cotton fell 3% during the ICE period, while Zheng cotton was concerned about the support of 19000-19300.

Short term trading is the main operation.