The Cotton Market Is Based On Shock And Needs Policy Guidance

In July, the national consumer price level rose 1.8% year-on-year.

Among them, the price of meat and poultry and its products dropped by 6.1%, affecting the total consumer price level by about 0.48 percentage points, and pork prices by 18.7%, affecting the total consumer price level by about 0.71 percentage points.

In August 8th, the opening of the various contracts in the matching market varied widely.

The cotton trading market in the national cotton trading market reached 10440 tons, a decrease of 1920 tons compared with the previous day, an increase of 800 tons of orders, and a total purchase of 138800 tons.

Futures market

1. ICE:

Futures jumped to more than 76 cents on Wednesday. For the first time since mid May, the US Department of agriculture's upcoming supply and demand report may downgrade India's cotton production, due to delayed rainy season and scarce rainfall.

Index cotton contract in December rose 0.8%, at 76 cents per pound.

2. Zhengzhou: Zheng cotton CF1301 contract opened low, sorted out in early morning, lowered in the afternoon under the suppression of long positions, and formed a small line in the daily line.

The CF1301 contract concluded 189078 hands on the day, 5776 on the day, and 275334 at the end of the contract; the CF1305 contract day was 12806 hands, and the day was reduced by 1252, and the final position was 83556 hands.

Two. Spot market:

Wei Qiao offer: three level: 19300 429:18500 (temporary suspension)

8, the spot price of cotton in the main producing area: 229, Xinjiang, 19828328, Hebei, Shandong and Henan, 18584, southeast coastal 18516, 18381 in the middle and lower reaches of the Yangtze River, 18283 in the northwest inland.

8 days in China

The index is 18352 (+6), 2 level 19425 (+2), 4 grade 17698 (+13), 5 grade 16035 (+9).

Three, others

The average price of grade 527 cotton to plant is 16035 yuan / ton, up 9 yuan.

As the whole cotton market is still weak, some textile enterprises are still in the state of stopping and limiting production, and spot trading is slack.

Because the 400 big factories in the new year can hope to buy and store in the state, and the vast majority of the 200 type enterprises dare not rush into the market, small businesses still have no plans for this year's continued acquisition.

Cotton side, the recent trend of oil and fat meal, the impact of cotton oil and meal is limited, cotton staple market presents a rebound trend, cotton shell price is acceptable in the near future.

Downstream, the current small factory capital chain is tight, multi corner debt is more, capital back to the cage is difficult; big factory inventory pressure is very large, some cotton spinning enterprises last month, there is a large number of dumping phenomenon.