Latest Cotton Market In International Cotton Market

< p > November 4th dispatch ICE < a href= "http://www.91se91.com/news/index_c.asp" > cotton < /a > Futures - the market has been down for 9 consecutive days.

The loss is 10 cents / pound in one month, and the current trading level is at the beginning of the year.

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< p > the continuous decline of the market this week is not caused by any fundamental news or substantive changes.

However, rumors / fears that China will soon sell reserve stocks (prices may be lower than the previous auction prices), these rumors and fears may cause the overall negative mood of the market.

In addition, the grain and soft commodities market is generally weak, which may not be conducive to the trend of cotton.

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< p > > a target= "_blank" href= "http://www.91se91.com/" > textile > /a > factories insist on considerable procurement, but interest in replenishment is limited to cotton delivered in recent months.

If the market falls to 75 cents or less, then China will probably start importing 40% import duty cotton compared with the domestic price.

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< p > although the cotton fell again sharply, the total cotton did not change significantly and remained stubbornly above 200000 hands.

It is difficult to see changes in the location, especially without the latest dealer delegate report (the latest data is currently released in October 15th).

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< p > from a short-term perspective, people expect prices to hold 77.50-75.00 cents and try to counter Jiu Zheng's trend.

Strong resistance should be 81.00-82.50 cents.

The overall trend chart is bearish.

Only when the closing and trading behavior is above 82.50 cents, can the current negative situation be changed.

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< p > us - over the past week, the rate of cotton cracking has increased to 92% in all cotton growing areas in the United States.

Compared with last week's report, it increased by 11%, almost catching up with the average breach rate in the same period of 4 years.

So far, cotton picking has been finished 1/3 in the whole country, up 13% from last week.

Louisiana, Mississippi and California continue to take the lead.

Alabama, Arkansas, Georgia, Missouri, Oklahoma, Texas and Virginia are also growing by two digits.

As cotton picking is fully rolled out, unless the weather is extreme, the overall situation of crops is basically a foregone conclusion.

The only real change that may emerge from now on will be quality.

Since 2/3 of cotton has not been picked yet, weather conditions will play an important role in determining the overall quality of cotton in 2013/14.

So far, from an average point of view, the average cotton quality in the United States is slightly lower than last year.

For example, the phased rainfall in several States has some effect on the chroma level, so the high percentage percentage is slightly lower than last year.

On the other hand, the characteristics of the main qualities are quite satisfactory, especially fiber and GPT (cotton strength).

The proportion of cotton produced in West Texas is less than 3.5 equine, but the micronna value in the Delta and southeast is much better than that in last year.

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< p > cotton futures of China Zhengzhou commodity exchange refused to follow the downward trend of ICE, but rebounded slightly from the October 24th closing gap (14 years' May contract 18 '675-18' 650).

Prices remain in the three month old trading range, maintaining a neutral trend.

If the price falls below the minimum point of $18265 in the contract, it will change that view.

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The fall in price of < p > ICE contributed to the good demand of imported cotton.

Surprisingly, the textile industry is also considering the delivery date in January (and the delivery date after January), which may indicate that the market is approaching the import level of the 40% tariff, which will become very interesting.

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< p > there are many rumors that in late November to early December, reserve companies may sell cotton, with a floor price of 17 '500 to 18' 000 yuan / ton.

Reserve procurement continued to accelerate, reaching almost 1 million tons yesterday.

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< p > India - the last day of the last week of October increased the number of seed cotton daily arrivals to about 110000 bales (170 kg / pack), compared with 80000 packages in the same period last year.

Domestic a href= "http://www.91se91.com" > textile mill < /a > only purchased cotton for recent demand, while traders and exporters refunded their short positions for delivery in November.

The main cotton producing areas are clear, with only rainfall in parts of Andhra Pradesh.

At present, cotton production is expected to be between 3600-3800 bales in 2013/14. According to domestic media reports, the ministers' group has rejected the 10% export tax proposed by the Ministry of textiles.

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