India Cotton Quotes Continue To Fall And Compete For 65 Cents Mark.

10.1-10.7, ICE futures contract oscillation rebound Not following the ICE rise, 2013/14 cotton, West African cotton and Australian cotton remained at the level before the national day, but the price of India cotton fell to 33500 rupees (69.40 cents / pound) and India India's cotton prices because of the negative impact of high yield and export pressure. The quotations from India cotton RMB continued to decline, and the quotations of S-6 1-1/8 and S-6 1-5/32 were 14800-14900 yuan / ton and 15200-15300 yuan / ton respectively, compared with the 300-400 yuan / ton in the latter half of 9 months, while the quotations of EMOT cotton, S-6 and S-6 were still 16700-16800 yuan / ton, 17500-17700 yuan / ton, 16100-16200 yuan / ton. The range is above 4 cents / pound, but from October 8th, Qingdao, Zhangjiagang, Shanghai and other places in the price of the outer cotton RMB, and On the one hand, it is driven by the rise of ICE futures contracts. Port High grade cotton is relatively scarce, while low grade India cotton and M and SLM grade Australian cotton occupy about 70% of the bonded cotton spot. On the other hand, some of China's small and medium-sized cotton textile enterprises have relatively tight stock of raw materials and short-term willingness to replenishment. However, the impact of Xinjiang cotton imported into the "supervision and management library" and limited railway spanport capacity in the year of 2014/15 is not large enough before the middle of December. The quality of cotton in the inland the Yellow River River Basin and the Yangtze River valley cotton area is relatively poor, so it is appropriate to purchase high-grade bonded cotton and West African cotton. Central Asia Cotton solves the urgent need.

October 7-8, the ICE main contract rebound momentum has been curbed, speculative short sellers, cotton business "hedging" to exert pressure, the two sides in the 65 cents strong support near the start of a fierce battle, many of them have the profit to open the door to escape signs, and the short term also fear that the domestic cotton short term should be tight, the U.S. economic data to fully warm up or trigger the early rebound of commodities, and so on. Before the USDA cotton monthly release, the bottom of the bull's encirclement campaign is insufficient. Some foreign businessmen expect that the main contract of ICE will be dragged down even if the short line can stand 65 cents. On the one hand, USDA, ICAC and Cotlook will continue to sharply reduce the import and consumption of cotton in China in the year of 2014/15, and at the same time raise the end of the world's cotton stocks and China. The pressure of global supply and demand is difficult to alleviate, and the inventory consumption ratio is higher or higher. On the other hand, although the US economic data are improving, the economic data of the euro area, China, Japan and other developed and developing countries are still in a downward path, and the possibility of short-term rebound is very small. Cotton, corn, soybean and other agricultural products have reached a low level in the past five years, but there is still no sign of bottoming. It is too early to talk about reversal.