US Cotton Continues To Raise Domestic Cotton Prices Temporarily Without Support Or Continued Weak Oscillation.

In August 21st, Zheng cotton oscillation dropped, most of the contracts fell at around 100 points. After the opening of the main CF601, positions kept slipping, the price slowly oscillated and the price dropped slowly. At the end of the day, more than one single warehouse price fell to its lowest point. In terms of technical figures, it had broken through 12600 of the support position, or it would continue to explore the lows.

domestic

There is no big change in fundamentals.

The end of the month is coming to an end. The demand for short term textile enterprises is light. Cotton prices are not strong enough to sustain consumption. But the market is generally concerned about the new flower purchase price. Any changes in output and demand may lead to price guidance, pay attention to market trends and wait for a while.

The opening price of the CF601 contract is 12670 yuan, the highest price is 12720 yuan, the lowest price is 12545 yuan, the settlement price is 12635 yuan, the closing price is 12545 yuan, down 120 points compared with the previous day, 103 thousand hands were traded, 386 thousand positions were accumulated, and 7548 hands were reduced.

In August 21st, China's poor economic data led to a sharp decline in global stock and commodity futures. The US dollar crash provided some support for the market. ICE futures recovered after mid day trading and the contract price was flat.

Trading volume of 15649 hands, compared with the previous trading day to reduce 839 hands, registered inventory of 83036 packets, reduce 2644 packets, no waiting for inspection.

Market comment: the US cotton continues to rise, the domestic market changes little, the downstream textile enterprise demand is not prosperous, the purchase is cautious, the cotton price has not supported for a short time, or continues the weak oscillation, pays attention to the new flower purchase price to the aftermarket influence.

Price and data:

(1) August 21st, international

The index (SM) 75.14 (cents / pound, the same below) rose 36 points, the general trade port delivery price was 11805 yuan / ton (calculated by sliding tax, the exchange rate was calculated according to the Bank of China's middle price), the international cotton index (M) 72.39, up 35 points, and the general trade port delivery price was 11380 yuan / ton.

(2) the national cotton price A index (CNCotton A) is 13681 yuan / ton, down 2 yuan / ton compared with the previous day.

The national cotton price B index (CNCotton B) is 12955 yuan / ton, down 1 yuan / ton compared with the previous day.

(3) the price of C32S is 20045 yuan / ton, and the price of polyester and short is 6930 yuan / ton, which is 20 yuan / ton less than the previous day.