July 15Th Cotton Market ICE Comment

< p > > the world's < a target= "_blank" href= "http://www.91se91.com/" > clothing < /a > a target= "_blank" href= "_blank" > shoes, < hat > net, to introduce the July 15th comment: Cotton fell to more than two years low, because speculators sold the market over the "zero" and "the" "textile".

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< p style= "text-align: center" > < img border= "0" align= "center" alt= "" src= "" /uploadimages/201407/16/20140716092757_sj.JPG "/" < > > "

< p > according to the news of New York in July 15th, the cotton futures price of the ICE declined to a low level for more than two years on Tuesday, recovering the biggest decline in several years, as the US crop growth rate continued to be higher than the same period last year.

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< p > speculators are sold again because of worries about oversupply and offset the buying of some textile mills.

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< p > December > a href= "http://www.91se91.com/news/index_s.asp" > cotton < /a > futures contracts fell 0.55 cents or 0.8% to 67.75 cents per pound, the lowest settlement price for benchmark contracts since June 21, 2014.

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< p > volume is lower than in recent days.

The price of cotton is only slightly higher than the two-year low of 67.1 cents on Friday.

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< p > the report released by the US Department of agriculture on Monday showed that the excellent and good rate of cotton growth in the United States in July 13th was 53%, compared with 42% in the same period last year.

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< p > it is expected that more rainfall will appear in Texas this week, which will help crops further improve.

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< p > cotton ripening is faster than last year.

As of July 13th, the boll rate of cotton was 24%, up from 16% in the same period last year.

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Cotton futures prices have fallen by 28% after hitting more than two years above the top of 94 cents in May. P has raised the US's cotton production forecast this year due to better than expected rainfall and drought in Texas.

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< p > the United States is the world's largest exporter of cotton, and the impact of weather and output changes on global prices is enormous.

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< p > the US Department of Agriculture said in a report that although China's and India's cotton planting area is expected to decrease by 8% over the current year, global import demand may drop by 12% to 35 million 600 thousand bales.

This trend may further suppress prices.

China and India are the top two cotton producers in the world.

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< p > market digested China's data.

China's data show that last month, a href= "http://www.91se91.com/news/index_c.asp" > cotton imports < /a > 19% down compared with the same period last year, as the government continued to sell cotton stored in the state.

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