The Overall Atmosphere Is Strong And Guidelines For Waiting For Cotton Are Waiting.

By the weekend corn, soybean and other grain crops substantially boost the effective promotion of ICE Cotton futures The main contract continued to shock upward, but the amount of contracted cotton last week decreased, and the volume of shipments in China also declined significantly, which constrained the speculative forces. In addition, the USDA monthly report predicted that the global demand for 2012/13 was still larger than expected. The European debt crisis continued to spread in Greece, Spain and Italy, and the warning of Greece's withdrawal from the eurozone was ringing again, and so on. ICE cotton behaved more sensibly than other agricultural products. On the 21-22 th of July, the prices of bonded cotton in China's ports changed little, because the lack of cotton import quotas and the demand of domestic cotton textile enterprises were also weak. Cotton importers had no choice but to wait and see, and wait for the introduction of the national cotton control policy.

In July 22nd, some cotton merchants in Qingdao port C/ASM1-1/8 ". US cotton quotation 18600-18700 yuan / ton, high horse value C/A US cotton quotes 18400-18500 yuan / ton, India cotton S-61-1/8 "quote 17900-18100 yuan / ton, high horse value is 200 yuan / ton, S-61-5/32" also achieves 18300-18400 yuan / ton; the United States cotton EMOTSM1-5/32 "offer 18800-19000 yuan / ton. Overall, the price difference between India cotton and the US cotton and Australia cotton has been shrinking. From the feedback of some importers, at present, shipments of high-grade cotton, Australian cotton, Central Asian cotton and Brazil cotton are very few in ports, while the inquiry and trading volume of SLM grade cotton, M grade West African cotton, even J34 India cotton and Pakistan cotton are relatively better.

Due to the current ICE rising, mainly due to the weather factors such as crop drought and irregular southwest monsoon in India, China's 2012/13 has been collecting and storing 20400 yuan / ton in a limited amount, and the departments concerned have thrown doubt on the policy of throwing away reserves, which has made the confidence of making more strength stronger. However, most foreign businessmen believe that before new cotton comes into the market, it will be saved. Textile enterprises It is also necessary to store up the new year's new storage capacity, or to give the port importer a large "loss" opportunity. The country may need to throw out and increase the import quota of cotton. The difference is that it is likely that the reserve price will be relatively high and the small and medium cotton enterprises will not be able to bear the quota. After that, an additional 300 thousand tons of import quotas will be released to ease the pressure of some cotton spinning enterprises. After all, there is only one and a half to two months from the new cotton market, and the state will not have any big moves, nor will it ignore the difficulties encountered by the enterprises, but it will reduce the pressure on the electronic disk and spot of cotton as far as possible.