Zheng Cotton Fell Far And Wide And The Market Was Divided.

On Monday, Zheng cotton contract fell far and wide, the turnover increased, and the position decreased slightly. At present, the position of Zheng cotton is still 822 thousand hands high.

Today, the main force of zhengmian opened up after the concussion. The price in early trading rose and the price in the afternoon dropped slightly. In May, the contract decreased by 0.45%, the contract in September decreased by 0.05%, and the contract in January increased by 0.15%.

1605 contract settlement price 11185 (-40), 1609 contract settlement price 10510 (0), 1701 contract settlement price 10215 (+30).

At present, the warehouse number is 1025 (-1219), and the effective forecast volume is 369 (+11).

Cotton business and Cotton Traders and operators have made few inquiries and counter offers, so the market price has not yet been formed, but the price is generally down by 100-200 yuan / ton before the Spring Festival, of which the low grade lint is slightly larger.

Once again, the benchmark price of the national reserve ship is pferred from the foreign price index (CotlookA index) and the domestic price index to the median price, which basically meets the expectations of the previous period, and the linkage between internal and external cotton will increase.

It is suggested that a small amount of empty documents can be set up in the short term, but rumors are basically in line with expectations, and there is a limited space to fall.

Overnight ICE cotton contract price slightly lower, the 1603 contract settlement price 60.01 cents / pound, up 0.1, or 0.17%, 1605 contract settlement price 59.54 cents / pound, or 0.16, or 0.27%, reduced volume.

In February 19th, ICE futures continued to fluctuate in a narrow range, and the May contract was

The export weekly rose to the high point before the announcement of the weekly report.

Despite the rebound in cotton prices, China's market speculation has kept the market vigilant, and the May contract has not been able to break through the 60 cents resistance level.

Expected late ICE

After a slight rebound, it will maintain the trend of volatility.

In the week of February 11th, the United States signed a net contract of 70 thousand tons of land cotton in 2015/16, an increase of 35.6% over last week and a shipment of 37 thousand and 100 tons, a decrease of 9.2% over last week.

The main signatories were Vietnam and Turkey, with a total contract volume of 31 thousand and 200 tons and 16 thousand and 200 tons respectively. China signed a contract volume of 2 thousand and 200 tons during the week and the shipment volume was 2 thousand tons.

As of the week, the United States signed a total of 1 million 437 thousand and 100 tons of Upland Cotton in 2015/16, a decrease of 32.5% over the same period, and a shipment of 731 thousand and 800 tons. The United States signed a total of 204 thousand and 300 tons of land cotton for 2016/17, an increase of 38.5% over the same period last year.

Thursday India S-6 ginning factory

For fourth consecutive days, the price was 33800 rupees, 63 cents / pound per hash, and 3570 rupees / mod, 63.40 cents / pound in the Punjab J-34 ginning factory.

At present, the rupee of India has depreciated and hit a new low of three years. Although it is good for export, textile enterprises have responded to the rising price of imported cotton.

In January, according to the inventory survey of 172 cotton delivery and supervision warehouses, social warehouses, bonded areas and processing enterprises in 18 provinces and municipalities of China's cotton Logistics Association, the total volume of cotton business inventories in China was 2 million 340 thousand tons (including Xin cotton and Chen Mian), a decrease of 398 thousand tons or 14.5% from the previous month.

Among them, 1 million 570 thousand tons of Xinjiang cotton and 390 thousand tons less than the Central Plains, 660 thousand tons of warehouse in the mainland, an increase of 37 thousand tons, an increase of 5.9%; according to the investigation of bonded areas in Qingdao, Zhangjiagang and Shanghai, the total import cotton in the bonded area is 110 thousand tons, and the reduction in the ring area is 45 thousand tons, with a decrease of 29%.