Due To Market Concerns, Limited Price Of Cotton Is In A Narrow Range.

Overnight, the European debt crisis again stirred the market in July 20th. The Spanish dollar rebounded sharply as Spain faced a comprehensive bailout. Crude oil and other commodities fell, and the grain market continued to rise.

ICE

Maintaining the trend of oscillation, the contract closed slightly higher by 31 points in December.

The external environment has little effect on ICE cotton, mainly because of the low market concern, and the cotton price is also difficult to break through the oscillation interval of 70-75 cents.

On the news side, the national cotton market monitoring system launched a cotton growing survey nationwide on 17-30 June 2012. The sample involved 15 cotton planting provinces (autonomous regions), 90 cotton planting counties (cities, farms), and 686 thousand cotton fields with 4379 designated cotton planting information links households.

It shows that since June, the main cotton producing areas in the country are basically normal, and cotton growth has little impact on diseases and insect pests, and the picking period is expected to be in normal range.

In 2012, the average cotton yield per unit area in China was estimated to be 95.5 kg / mu, 0.6% higher than the previous year, and the total output of 6 million 857 thousand tons, a decrease of 9.1%.

In the international market, 20 days, the price of China's main cotton imports rose slightly, and most varieties rose 0.75 cents.

At present, the bonded cotton inventory is still full of cotton, and there are few people who are eager to return the funds to reduce the sale price of cotton merchants. 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.

Domestic market, 20, domestic cotton

Continued small increases, slightly increased turnover, but turnover is still not large, textile enterprises procurement market mentality slightly warmer, in order to ensure product stability, textile mills still need to buy real estate cotton for cotton, with cotton use.

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.

Spot quotation. In July 20th, the price of C/A cotton in the US was 89.60 (cents / pound), and the general trade port delivery price was 15286 yuan / ton (calculated according to the sliding tax). The Australian cotton quotation was 93.85, the general trade port delivery price was 15846 yuan / ton, the Uzbekistan cotton quotation was 92.80, the general trade port delivery price was 15705 yuan / ton, the India cotton quotation was 85.85, the general trade port delivery price was 14812 yuan / ton.

The national cotton price A index was 19417 yuan / ton, up 2 yuan; the B index was 18498 yuan, up 4 yuan.

Market analysis, the parties concerned said there was no plan to throw or reserve import quotas to ease market pressure, and the Central Reserve said that the next year would not limit the purchase and storage.

The good news of double market offers a boost to cotton market, but consumption is still the key factor restricting the uplink of cotton prices, so the height will be limited.

US cotton continued to shake sideways, the platform has not yet been broken, and zhengmian 1301 is fluctuating in the 19000-19725 interval.

Operation, 19000-19725 interval concussion, temporary with short line

Mainly.