ICE Prices Rose Slightly During The Jin Period, And Were Subject To Trade Buying Factors.

< p > > a href= "http://www.91se91.com/news/list.aspx ClassID=101112107105" > ICE Jin period < /a > prices rose slightly by trade buying factor, Intercontinental Exchange (ICE) cotton rose slightly on Wednesday, rising second days, buying easy to buy up, while traders wait for the government and industry report released in the next few days.

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< p > index ICE-3 cotton rose 0.12 cents in the light trading, or 0.1%, at 85.52 cents per pound.

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Cotton in the narrow range of less than 1 cents was traded on the whole trading day during the period p < March, and its 20 day moving average provided support, and the contract did not fall through the 14 day moving average.

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< p > traders wait for the us a href= "http://www.91se91.com/news/list.aspx ClassID=101112107108" to come out on Thursday, and export sales < /a > data.

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P, traders, cotton growers and textile mills are concerned about the annual meeting of National Cotton Council on Saturday. The market awaits the association's views on cotton planting this year.

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The P monthly supply and demand report of the US Department of agriculture will be released next Monday. Most market participants expect the US Department of agriculture to downgrade US cotton inventory data.

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< p > < strong > 2011 compared with cotton harvest in 2014 ICE < /strong > < /p >

< p > the labor department in May 4th showed that the unemployment rate in the United States dropped to 8.1% in April, lower than 8.2% of the previous market expectations, the lowest rate since February 2009, indicating that the US economy continued to recover, but the US non farm payrolls grew by 115 thousand in April, lower than the 165 thousand expected by the market, and the US economic recovery slowed down, which led to a heavy setback in international crude oil prices on Friday.

Meanwhile, India officially announced the release of exports on Friday. This resulted in a sharp decline in cotton in the ICE period. The main 1209 contract fell 1.22 cents to 87.99 cents / pound, with a trend of 87 cents / pound support.

Next week, USDA will announce the May monthly report. It is expected that the market will remain weak after July, and the contract will challenge 87 cents / pound in July.

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< p > technology, on Friday ICE cotton in the shade, the main contract in July once again challenged the trend of 87 cents / pounds strong support position, the current average system continues to fall short, KD and MACD indicators continue to fall short, MACD index green pillar growth, the trend will continue, the 1207 will challenge 87 cents / pound support position.

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"P" on Friday, Zheng cotton rebounded under the support of speculative bottom buying. The main 1209 contract stood at 21000 yuan / ton, but the euro zone economy was in recession to curb global consumption. Besides the price of viscose and polyester and its downstream products stabilized, the domestic cotton price, yarn price and price of billet remained weak.

The release of India and China's possible issuance of quotas will increase the pressure on the sale of domestic cotton, and some cotton will continue to be registered in the Zheng cotton market. Up to May 4th, the registered warehouse receipts of Zheng cotton will reach 130 thousand tons, while Zheng cotton is much higher than the domestic spot cotton price, and it is difficult to attract textile enterprises to buy in the market. Zheng cotton is facing the pressure of value revaluation. Under the condition of the overall market being in a weak position, the weakness will continue, and the short term target of 1209 contracts will continue to be 20800 yuan / ton.

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< p > < strong > Data weakness and < a href= "http://www.91se91.com/news/list.aspx ClassID=101112107102" > India cotton < /a > export liberalization, pressure on ICE cotton futures to go down < /strong > /p >

< p > ICE cotton futures fell sharply last Friday, while the July contract fell 122 points to 87.99 cents.

The US non farm employment report released on Friday was far worse than expected, showing a slump in the US labor market, a strong US dollar, a weakening of the stock market and commodities, and a general weakening of the economy. The global stock market fell sharply, and crude oil prices fell by nearly 4%. This also affected the cotton market. In addition, India liberalized cotton exports and suppressed the ICE cotton futures price, which led to a sharp decline in the price of the cotton futures in April.

In terms of new cotton, Informa has reduced the estimated cotton planting area. The estimated data is 12.9% less than that of 2011/12, and the drought in the main cotton producing areas of Georgia and Dezhou is still worrying. These advantages and disadvantages of new cotton will have some support for the forward contract.

ICE cotton futures as a whole continued to decline, the current price is close to the lower part of the interval, in the digestion of the economic side and the benefit of the new cotton side, ICE cotton futures is expected to stabilize at the bottom of the recent shock interval, the recent decline may be larger, and the potential is expected to continue to maintain the range of shocks.

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Last Friday, Zheng cotton futures opened lower in the morning. In the morning, a slight drop in the concussion was made. In the afternoon, the a href= "http://www.91se91.com/news/list.aspx? ClassID=101112107101" > the stock market < /a > and the external commodity recovery picked up, followed by many, followed by a rapid rise. The final performance was low opening and high going, and the price of P increased slightly, and the price returned to the top 21000.

The price of cotton in May 4th was stable, and it did not continue to decline. Last week, the average price of all regions was slightly lower than that of the previous week. In some areas, the grade 3 lint fell by 200 yuan / ton. From the weekly average price, the price of cotton lint has stabilized, but it has not stopped yet. The weakening trend of sales has not changed. Basically, there is no market price, yarn sales are weak, textile enterprises have no intention of replenishment, and cotton enterprises have difficulty in selling.

The new cotton sowing is basically completed, and the sowing area may exceed the findings of the Ministry of agriculture and cotton association. New cotton planting can still be supported by Zheng cotton forward contracts.

Overall, the recent bad news is more, to suppress the downward price of cotton, but this position continued to add positions, to a certain extent, to prevent the pace of falling cotton prices, this position is a big difference between the two sides. In recent days, Zheng cotton futures prices will continue to be limited to the fluctuations under the influence of the external market, 21000 of the nearby shocks, waiting for the guidance of larger news.

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