US Cotton High Adjustment Zhengzheng Cotton Is Expected To Continue To Be Strong And Strong.

August 7th

After the jump, the concussion increased to 19390 at the highest price in the day, up 265 yuan / ton compared with the previous trading day.

The turnover is 210298 hands, and the positions are reduced by 6550 to 281110 hands.

From the ranking of 20 positions held by Zheng Mian, the number of bulls in total positions decreased by 2214 to 114473, and the total number of empty positions decreased by 2450 to 150146.

There were 2018 cotton warehouse receipts in Zhengshang yesterday, 26 fewer than the previous trading day, with an effective forecast of 13.

In the US cotton market, because of the jump in the US cotton futures to two and a half months, some manufacturers made profits to understand that the cotton fell slightly, while the US cotton contract in December closed down 0.32 cents / pound, closing at 75.40 cents / pound.

On the spot side, China's cotton price index rose by 3 yuan / ton to 18346 yuan / ton in August 7th compared with the previous trading day.

The price of imported cotton FCindexM increased by 0.91 to 89.14 cents / pound compared with the previous trading day. The import cost was 15133 yuan / ton at the sliding price, and the imported cotton was below the domestic cotton 3213 yuan per slip.

In the downstream market, the price of KC32S in the downstream of August 7th was flat at 24605 yuan / ton compared with the previous trading day, and the JC40S price was flat at 30542 yuan / ton compared with the previous trading day.

Cotton substitute, August 6th

The price rose 50 to 10850 yuan / ton compared with the previous trading day, and the price of viscose staple fiber was 15400 yuan / ton compared with the previous trading day, and the viscose market was good.

Related information: the monthly rate of industrial output in Italy dropped by 1.4% in June, higher than the 1% decline in analysts' forecasts.

Australia's GDP declined by 0.7% in the second quarter compared with the previous quarter, with an initial annual decline of 2.5%, the biggest decline since 2009.

Summary: on Tuesday, Zheng cotton futures skip high and go high, and the main contract closes at the highest price in the day.

5 day moving average wear 10 day moving average, MACD index upward, rebound pattern established.

Overnight Fed officials called for more stimulus measures, and European and US stock markets continued to rush.

Crude oil futures rose three days, a record high of nearly three months.

The US cotton market has been slightly lower in profit margins.

Cotton fundamentals, by the United States cotton and Zheng cotton continued to rise, the spot market mentality gradually improved, a large trader, Jiangsu, Hebei, Xinjiang cotton grade three reported 18500-18600 yuan, four yuan of real estate reported 17300 yuan.

Thereafter, a large domestic cotton trader offered a price increase of 150-200 yuan / ton, Shandong Qujiang cotton 329 offered to 18750 yuan, and Hubei real estate four grade 17600 yuan.

However, the speculation on the market is once again detailed, and rumors are basically determined, but time, price and reserves have not yet been determined. The price may be 18500 yuan, and in September, it has not been officially confirmed.

Yesterday, the overall market of pure cotton yarn changed little, and local shipments slightly improved.

Grey fabric market has been supported by the rising price of raw materials. Some shipments have been slightly better, and the number of old customers has increased slightly.

But in the macro weak environment, manufacturers are still not optimistic about the market outlook.

Overall, the external macro easing policy is still expected. European and American stock markets and crude oil markets continue to rise. The US cotton market has fallen slightly after a continuous rise. Although the terminal demand for textile grey cloth is still bad, the inventory of the mid end yarn market has been released and the increase in enquiry has brought a warm thread to the market.

In the macro and basic warm air blowing, it is expected to continue to be strong and strong.