Domestic Rainwater Is Too Much, Zheng Cotton Adds Warehouse Drop.

　　 American cotton Fell sharply. European debt worries continued. Overnight trading in the stock market fell, while US cotton prices increased. The settlement price in December was 71.03 cents / pound, down 116 points. U.S. stocks closed lower, the Dow third consecutive trading day three digit declines, weakened by weak corporate earnings and around the economic growth and Greece's solvency concerns.

The Spanish government said it would consider applying for comprehensive relief. If the ECB does not resume buying Spanish bonds to reduce Spain's sovereign financing costs, the Spanish government will consider applying for a comprehensive bailout to the EU so that Spain can fulfil its debt commitments for the rest of the year and avoid immediate financial collapse. The report also said that if the Spanish bond market continues to bear pressure, the Spanish finance ministry will lose its public market financing channels and will not be able to meet the euro 28 billion debt due in October.

India new cotton or postponed listing. India meteorological department reported that the south-west monsoon continued to push eastward. It is estimated that nearly two days in central and Eastern India and northeastern states will usher in rainfall. At present, the total rainfall in India has decreased by 22% over the same period. India media said the main cotton producing area was monsoon rainfall, and the cotton output in the new year may be lower than previously expected. The industry expects that the new flower listing will be averagely delayed for about a month. Cotlook expects the total output of the new flower to be 5 million 440 thousand tonnes next year, down 85 thousand tons from the previous forecast. If the rainfall is still abnormal in the middle and August of the year, the situation may deteriorate further.

Cotton area has more rainfall and better seedling condition. According to the monitoring report of the China Cotton Institute and the national cotton industry technology system, from June 15th to July 15th, the main cotton producing areas in the country are suitable for climate, with normal temperature, excessive rainfall and heavy rain, and less sunshine hours. Sub basin view: the Yangtze River Basin at the end of June, a large range of rainfall was released in the early part of the month, but the distribution of rainfall was uneven, and the drought and waterlogging coexisted. The precipitation in the Yellow River was more than that in last year and over the past years. Huaihe basin experienced drought and floods and droughts and floods. The precipitation in Henan was nearly 100mm over last year and the whole year. The inland temperature in Northwest China is high, light enough and rainfall less. The "two wilt" of cotton is lighter in China, but the partial waterlogging and hail disasters have a negative effect on the growth and harvest area.

The stock market remains stable and the two sides remain deadlocked. Xinjiang cotton spot and cleared cotton quotation temporarily stabilized, but the cotton mills and traders in the mainland weakened the inquiry and purchase of Xinjiang cotton. Some small and medium-sized cotton mills went to warehouse to see the goods and sampled prices in the past few days, but as the futures match dropped, wait-and-see sentiment rose. 25, Jiangsu, Shandong and other places warehouse inspection Xinjiang three cotton quotes maintained at 19100-19200 yuan / ton, the original single three grade Xinjiang cotton price slightly lower 100 yuan / ton. Because of the loss of the enterprises holding the Xinjiang cotton, they are reluctant to sell the few remaining cotton. On the other hand, the enterprises in the mainland are less in procurement, and the buyers and sellers are deadlocked.

Imports continue to expand the market and trek hard. The cotton yarn market is running smoothly. Although the enquiry price has increased slightly, there has been less turnover. The cotton mill is still focusing on inventory, and individual manufacturers have small bills. Jiangsu Yarn price Steady, mild atmosphere, conventional yarn is relatively good, 32S combs 25400 yuan / ton, combed electric clear no yarn 33000 yuan / ton, Zhejiang market price stable, not much change, according to different raw materials, a factory 40S combs lower reported 24500 yuan / ton, higher reported 25700 yuan / ton. Shandong Dezhou C32S cotton yarn mainstream trading price stabilized at 25300 yuan / ton. Spinning enterprises are hard to manage, and purchasing is mainly based on small bills, and they are purchased with the purchase.

Stock market innovation is low, and most futures markets fall. On the 25 day, the Shanghai Composite Index fell 0.49%, at 2136.15 points, once again refresh its lowest level in more than three years. European debt crisis continued to heat up, and most varieties in domestic market were lower. Coke and PTA two varieties fell more than 3%, plastic fell more than 2%, soybeans, soybean meal and Shanghai zinc and Shanghai copper fell more than 1%; early indica rice, fuel oil and maize varieties rose slightly.

Zheng cotton increased its position. 24, in recent years, the trend of Zheng cotton was weak, with no obvious direction, and the trend followed the external market fluctuations. 1301 closed at 19210, down 180 points. The total turnover was 225 thousand hands on that day, an increase of 43 thousand and 600 compared with the previous trading day. Hold 449 thousand hands, increase 25 thousand and 900 hands.

Affected by the external market crash, Zheng cotton went lower and lower, and the position increased. In addition, the match dropped sharply today. Due to shortage of quotas, cotton imports are restricted, while cotton with good quality cotton is few, and cotton enterprises are reluctant to sell the remaining Xinjiang cotton. Therefore, the spot is still stable, but there is still a gap between the buyers and sellers in the quotation, and the turnover is light. In recent years, there is more rain in China, and attention is paid to the impact of weather on cotton production.

Current Cotton market Stable spot and optimistic expectations of purchasing and storage have support for the market. However, due to the sluggish demand for the downstream market, worries and rumors about dumping and storage, and the recent fermentation of the European debt crisis exacerbated the market's weakness. After today's decline, the form is further weakened. It is suggested that wait-and-see or short-term operations be taken.