Cotton Prices Decline, Cotton Prices Continue To Fluctuate Significantly

Last week (1-5 August)

Fourteenth weeks after the launch, the selling base price was 14628 yuan / ton, up 252 yuan / ton compared with the previous week, and the number of 150 thousand tons of paction was put up. Rumours of dumping and storage postponed continued to ferment, and volume and price fell, and 85590 tons were traded during the week. The turnover rate dropped to the lowest value of this round, the average price was 13860 yuan / ton, the decrease was 941 yuan / ton, and the highest price fell to 15000 yuan / ton.

As of August 5th, a total of 1 million 710 thousand tons of cotton reserves were sold, and 833 companies participated in the auction.

Domestic and foreign futures rebounded.

Because

Price fell, the bottom price this week was 14533 yuan / ton, down 95 yuan.

Last Friday (August 5th), the state

The price B index is 14838 yuan / ton, compared with the CF1609 contract of Zheng cotton futures, the premium is 218 yuan / ton.

Futures.

The international market supply is tense, the US plate is strong, the speculation fund continues to press down to the opposition of the early rally stock traders. Zheng cotton empty head is afraid of fighting and is well received. On Thursday, it rebounded on the 40 day average. In the last month, the contract CF1609 received 14620 yuan / ton on Friday, 375 yuan per week, 156812 hands, reduced 112058, 44524 hands, reduced 8296 and 15.7%, close to the delivery, withdrawal of funds, closing funds, closing, closing, holding double drop.

The main contract CF1701 closed at 15155 yuan / ton last Friday, the week rose 610 yuan / ton, traded 4813472 hands, reduced 441410 hands, reduced 8.4%, holds 475256 hands, increased 22466 hands, the increase 0.4%.

As of August 5th closing, the top 20 seats, more than 176473 single hand, 19795 more than the previous week, 190864 hands empty, 9201 more than the previous week, 14391 hands empty, 10594 hands less than the previous week, 2 weeks reduced.

In the holding warehouse, the purchase price is 0, the selling price is 8343, and the weekly increase is 150.

As of August 5th, there were 854 registered warehouse receipts, 71 weekly reductions, 922 effective forecasts and 14 weekly increases.

New cotton is coming soon. Cotton price is stable at a certain level. It is very important to purchase new cotton, stabilize cotton farmers' income, lighten the burden of the state, and ensure the healthy development of the textile industry.

Us disk: tight supply in the international market, China's inventory to go faster than expected, new cotton production decline under the support of the fundamentals, breaking through the previous box upwards, the main contract in December closed on Friday 76.55 cents / pound, the week rose 249 points, entered the first half of 2014 platform area, the late stage along the platform of the greater probability of oscillation.

On the spot.

Futures fell sharply, traders lost confidence in the turn, on the one hand waiting to wait and see, on the other hand, stepped up the sale of stock reserves cotton, resulting in throwing and storing volume and price down, the main market in the spot market is the two sale of reserve cotton, selling prices basically refer to the last day throwing and selling price.

Long staple cotton has been dragged down by fine cotton, and the price has dropped slightly. 137 of the mainland is 22300-22600 yuan / ton.

In terms of rotation.

The sale price was 14628 yuan / ton for fourteenth weeks, and the turnover was reduced by 62641 tons per week. The turnover rate dropped to 57%, the weekly average price was 13860 yuan / ton, and the weekly price dropped 941 yuan / ton. The total turnover was 1 million 710 thousand tons. According to the plan of 2 million tons, the average daily 30 thousand tons could also be put into the 10 trading day to August 19th. It is to reduce the daily quantity of delivery to the end of August, or to increase the total amount of input. The parties in the market are paying close attention to it. It is estimated that the relevant departments of the government are paying close attention to it, and it is estimated that the relevant government departments are also paying close attention to the reaction of the market, so as to make a more consistent market decision.

Operation suggestion.

Without the role of external policy forces, the disk may develop along the technological direction and closely monitor the possible changes in the rules.