Consumption Is Still A Key Factor Restricting Cotton Prices Going Up.

Overnight, Spain may face a comprehensive bailout in July 23rd. Europe Worries about the economic outlook are heating up again, and the US dollar index has risen sharply. In addition, there will be precipitation weather in the US grain producing area. The improvement of growth conditions will bring grain prices down from high. Affected by the above news, ICE futures fell under the pressure of speculative selling, but did not break away from the recent oscillation range.

On the news side, in June 2012, the export volume of South Korean cotton yarn was 4800 tons, an increase of 32.3%, the highest in 10 years. The strong demand for China's cotton yarn imports is the main reason for the substantial increase in the export of cotton yarn in South Korea. That month, South Korea's cotton yarn exports to China increased by 79.9% year-on-year. In 2012 1-6, the total volume of cotton exported to China increased by 112.2% over the same period last year. According to Fuzhou four Tong fiber and textile department forecast, in 2012, the share of Korean cotton yarn in the Chinese market is likely to reach 37%.

In the international market, in July 23rd, the price of China's main imports of cotton imports generally rose, of which Uzbekistan cotton prices rose the largest. However, due to the high inventory of imported cotton in China's bonded area and the short turnover in recent years, the import price of imported cotton is expected to be limited. In addition, according to the domestic textile factory, cotton yarn imports have been growing consistently in recent months. Imported cotton One of the main reasons for the small volume.

Domestic market, 23, domestic cotton spot prices continue to rise slightly, the current spot prices remain stable, the market is optimistic about the purchase and storage, but Zheng cotton recently rebounded many times, coupled with the downstream textile enterprises shutting down more, the demand is low, so cotton prices rise pressure, time into late July, weather is currently an important factor affecting cotton prices, we will continue to pay attention to the impact of the weather.

Spot quotation. In July 23rd, the price of C/A cotton in the US was 91.10 (cents / pound). The general port trade delivery price was 15480 yuan / ton (calculated according to the sliding tax); the Australian cotton quotation was 95.10; the general port trade port delivery price was 16016 yuan / ton; the Uzbekistan cotton quotation was 94.10, the general port trade delivery price was 15880 yuan / ton; the West African cotton price was 88.10, the general port trade delivery price was 15094 yuan / ton. National Cotton Price The A index was 19422 yuan / ton, up 5 yuan; the B index was 18502 yuan, up 4 yuan.

Market analysis shows that the increase of cotton yarn imports in recent months is larger, indicating that the traditional consumption of the market is still showing. After all, the price of imported middle products is low, and consumption is still the key factor restricting the uplink of cotton prices, so the height will be limited. The US cotton continued to oscillate sideways, and the 60 day average line was under pressure. Zhengmian 1301 fluctuated in the 19000-19725 interval.

Operation, the 19000-19725 interval concussion, temporarily short trading.