International Cotton Prices Such As Roller Coaster Cotton Prices Are Deadlocked

< p > global cotton supply surplus records, inventory suppression, < a target= "_blank" href= "http://www.91se91.com/" > textile < /a > industry demand downturn, import cotton to domestic spot market pressure and macro environment partial air and other factors have become negative; domestic purchasing and storage temporarily boost cotton prices, domestic cotton resources are highly concentrated, the external resources of the market are limited, and the decline of Sino US cotton planting area may lead to a decline in cotton production in the next year and other factors.

In the second half of the year, cotton prices will not be shocked.

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< p > cotton price at home and abroad fluctuated at a high level < /p >

< p > in the first half of 2013, domestic and foreign cotton prices basically went out of the upward trend of oscillation, but the increase of international cotton prices and domestic cotton prices showed a certain differentiation.

US cotton has been boosted by supply worries and support from textile mills, but the price of 90 cents / pound has gone through a buying profit and is sure to be sell-off.

Domestic cotton prices are impacted by the simultaneous impact of the national reserve and the collection and release, and the market funds continue to flow out and futures prices fall into a narrow range.

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< p > international cotton price such as roller coaster (/p).

< p > the trend of international cotton price in the first half of 2013 is divided into 3 stages.

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< p > the first quarter of this year was supported by the US cotton supply worries, and the US cotton futures price was boosted by the replacement of shorts and the purchase of the spinning mills.

US cotton prices jumped more than 16% since the beginning of this year, and speculators increased their long-term positions in cotton futures and options to the highest level in September 2010. US cotton prices hit nearly a year high while the world's largest cotton market - China will continue to buy cotton.

During this period, the US cotton 1305 contract continued to oscillate from the lowest 74.58 cents / pound in early January to 93.93 cents / pound in March 15th, up 25.9%.

In the middle of March ~5, the oscillation dropped.

In June, cotton prices rose rapidly and fell.

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From P to mid March, investors kept clearing their positions long before the spot contracts expired, and the profit came to a close when the US cotton prices rose to a one year high in March. The profits of the company were also reduced to a higher level than that of May.

Intercontinental Exchange (ICE) cotton prices fell during this period and recorded the largest single day decline in September last May 1st.

It is mainly because investors continue to settle their positions and lose momentum in the uptrend driven by speculators.

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In June, when the US government report showed strong demand and tight cotton supply in the US, the market made up for short and investors continued to buy, and foreign textile mills bought cotton after the longest decline in cotton prices over the years.

In the backlog of demand driven by the United States cotton prices rose sharply.

But after the 1307 contract rose to 90 cents / pound, it experienced a profit taking and selling down, and then fell back.

During this period, the 1307 contract of the US cotton futures rose rapidly from 79.3 cents / pound in May 31st to 92.58 cents / pound in June 14th and then dropped to 85 cents / pound.

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< p > domestic cotton prices climb higher than /p.

In the first half of 2013, the domestic cotton price trend can be divided into 2 stages: < p >

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< p > January, mid January, cotton price oscillation increased.

Due to the worries of supply and the influence of the short sellers and speculators, the US cotton prices continued to rise.

But at that time, China decided to temporarily issue quotas for import cotton processing trade to meet market demand.

After February, Zheng cotton futures did not continue to follow the US cotton oscillation, but operated in an interval oscillation.

Zheng cotton 1309 contracts rose sharply in the first quarter, rising from the lowest 19040 yuan / ton in early January to the highest 20550 yuan / ton in March 15th, or 7.9%, significantly less than that of the US cotton 25.9%.

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< p > ~6 in mid March, the interval oscillation moved away from the warehouse for a long time, but the funds continued to flow out.

Investors continue to settle their positions, making the gains driven by speculators lose momentum, while the US cotton futures first oscillate back down, but were then driven up by the short covering and the buying of foreign textile mills.

However, during the period, the domestic cotton market was deadlocked due to the domestic policy of collecting and releasing storage, and domestic cotton price volatility narrowed.

During this period, zhengmian 1309 contracts were mainly in the 19750~20450 yuan / ton interval. Since May 15th, positions and trading volume have been in a state of extremely atrophy, while futures prices are also in a narrower range.

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< p > it is worth mentioning that this month, the 1305 contract of Zheng cotton was once "soft", and futures prices rose to the highest level of 21855 yuan / ton, but then fell to 20605 yuan / ton in delivery.

The main reason for the "soft squeeze" during this period is that a large number of cotton resources have been concentrated in the country's storage pole, resulting in the scarcity of available cotton market.

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