Hongyuan Futures Show That There Is Pressure Under Zheng Cotton.

1. Price Bulletin: Domestic lint 129 level 20275 yuan / ton; 229 level 19412 yuan / ton; 328 level 18490 yuan / ton; 428 level 17581 yuan / ton. Domestic textiles: polyester staple fiber 9730 yuan / ton; viscose staple fiber 15050 yuan / ton; C32S price 25380 yuan / ton.

2. domestic stock: on the 20 day, domestic cotton spot prices continued to rise slightly, with a slight increase in turnover, but turnover was still small. The market mentality of textile enterprises was slightly warmer. In order to ensure product stability, textile mills still need to purchase real estate cotton for cotton blending and use cotton. The prices of raw materials such as cotton and polyester have been rising. The downstream textile products have not yet risen. The quotation of pure cotton yarn is basically stable, and the price of polyester cotton yarn and cotton yarn has rebounded.

3. imported cotton: at present, the bonded cotton inventory is still full of cotton. There are few people who are eager to return the funds to reduce cotton sales. On the one hand, there are not many enterprises with quotas, and on the other hand, the order of textile mills is insufficient, thus reducing the amount of cotton. From the overall situation, there is no sign of improvement in market fundamentals, but only part of the main cotton producing weather factors temporarily support external cotton.

4. Cotton Growth: last week (July, 13-19), the main producing areas in the mainland are mainly hot weather. Some areas are sunny and rainy, with plenty of light and suitable soil moisture. The new cotton is growing with gratifying growth. At the moment, cotton is in flower and boll stage, and some cotton plants have peaches at the bottom. Xinjiang The area is mainly sunny weather, hail disaster is encountered in some areas, and the situation of new cotton is seriously affected. In July, cotton production is at a critical stage. Cotton producers in various producing areas are stepping up efforts to prevent and control the field.

5.ICE cotton: in July 20th, the European debt crisis stirred the market again, as Spain faced full assistance, the dollar index rebounded sharply, crude commodities such as crude oil fell and the grain market continued to rise. ICE cotton kept oscillation trend, December contract closed slightly higher 31 points.

Summary:

The two major factors that affect domestic cotton prices are demand and policy. There is no substantial change in demand. On the 18 day, the China reserve cotton company's cotton reserve business meeting once again made clear that the new year's policy of open storage and storage is not limited, so as to boost market confidence. In the near future, Zheng cotton is still difficult to get out of the way. There are 19700 nearby pressure and important average line support. Central line, Zheng cotton up. pressure Bit is a big probability event.