The Sino US Trade Has Gradually Eased, And Zheng Cotton Has Been On The Rise.

Domestic disk: Monday Zheng cotton 1909 the main contract was reduced by volume, and the period price was higher. The highest price was 14300, the lowest was 13725, closing at 14095, compared with the previous trading day +2.40%; the turnover was 657430, the position 478578, -6238, the base 95, -354; CF9-1 monthly price difference 575, -5.

Outward trend: Intercontinental Exchange (ICE) cotton Futures were generally stable on Friday, and the previously reported acreage reports were in line with expectations. ICE most active December Stage cotton It fell 0.01 cents, and the settlement price was 66.08 cents per pound.

News: 1, the US Department of agriculture (USDA) announced on Friday that all cotton planting areas in the United States were expected to be 13 million 720 thousand acres in 2019, after a market estimate of 13 million 819 thousand acres. 2. In July 1st, the sale of the cotton reserves was 10986.9903 tons, and the actual turnover was 10986.9903 tons, with a turnover rate of 100%. The average transaction price was 13426 yuan / ton, up 433 yuan / ton compared with the previous trading day, and the price of 3128 yuan was 14640 yuan / ton, up 461 yuan / ton compared with the previous day.

On the spot side: the cotton index 3128B price is 14189, up 1 from the previous day's spot price; the cotton yarn price index C32S price is 21790, up 10 from the previous day's spot price. (unit: yuan / ton)

Warehouse Receipt Inventory: 16448 warehouse receipts, -72, warehouse receipt inventory continues to flow out.

The main position: the main contract on the day the top 20 long positions 249063 hands, -585; short positions for 288899 hands, -2039; clear positions occupy the advantage.

Summary of Views: cotton futures on the ICE were generally stable on Friday, and the previously reported planting area report was in line with expectations. Domestic cotton Market: Cotton social inventory is still higher than the same period last year, and new cotton sales progress is slow, the market supply is still abundant. But in the near future, the starting rate of downstream yarn and grey cloth has slowed down, and the yarn and grey fabric inventory has declined. The rising of substitute materials is conducive to the digestion of yarn stock. The market demand is expected to be improved to a certain extent. At the G20 summit, China and the United States shook hands on peace talks. The United States said it would no longer impose new tariffs on the remaining 300 billion dollars of Chinese goods, which would help the cotton market. However, the US Commodity tariff has not been abolished, and it will continue to affect about 17% exports of textiles and clothing to the United States. Technically, the CF1909 contract short and average line system is in a trend of horizontal upward. KDJ index is strong, but there is a big resistance on the top. It is expected that the wide range of zhengmian range will be arranged. Operation suggests short-term transaction in the 13650-14350 interval.