Home >
ICE Futures Contract Close To 70 Cents
With the signing date of the first phase of Sino US agreement, cotton prices began to rise continuously. ICE futures and zhengmian futures have seen substantial gains, and ICE futures contract closed to 70 cents, rising nearly 7% in the past four weeks.
On January 1, 2020, President Trump issued a tweet that the two sides will sign the first stage agreement in the White House in January 15, 2020. In recent days, China's cotton futures have surged, and the first phase of the Sino US agreement has stimulated demand, and spot prices have started to rise.
Affected by the new year's holiday, this week's US cotton export weekly report was postponed to Friday. At present, the US cotton export performance is good, the market began to guess that the US Department of agriculture may raise the US cotton export forecast. Meanwhile, the recent weakening of the US dollar index is favorable for us cotton exports in 2020.
India's price remained stable under the support of CCI acquisition. In the past three months, cotton prices in India dropped by 5.3%, cotton prices in China increased by 6%, and cotton prices in Pakistan increased by 1.7%. With the overall rise of international cotton prices, the competitiveness of cotton prices in India has improved significantly in recent days, which is favorable for later exports.
With the change of market, ICE futures speculation has increased from 6000 to 18000. After the March contract successfully crossed the 200 day moving average, the market bullish situation was further consolidated. It is expected that the ICE futures contract will continue to rise to 70-72.5 cents after the start of the new year, but at the same time, while the futures market is rising, the base of the non US cotton has begun to weaken, indicating that the spot demand has not yet kept up, and the cotton price is showing at 70 cents. "70-72.5"
- Related reading
Hai Jia HA-9010 Air Jet Loom Was Awarded The "Textile Light" New Technology (Achievement) Promotion Project.
|
2020/1/3 10:37:00
0
2019 National Textile And Apparel Industry Committee, Footwear, Accessories And Bags, Special Committee Held
|
2020/1/2 12:39:00
0
The Party Committee Of China Textile Union Held The 2019 Annual Training Course For Party Workers In Zaozhuang.
|
2019/12/31 13:29:00
141
- financial news | Silhouette Of The Most Profitable Fund Managers In 2019: More Than Half Of The Top Ten Of The List Were "Roller Coaster".
- financial news | A Shares 100 Billion Government Subsidies "Arena" Automobile, Electronics, Chemical Industry Once Again Top Three Of The Industry.
- financial news | ESG Rules Change Listed Companies To Take The Lead In Hong Kong Stocks, A Shares Are At Hand.
- financial news | A Shares Will Rise Northward To The Prophet On The First Day Of The Year To Reproduce Billions Of Net Inflows.
- Market trend | The Economy Has Entered The Cold Winter, Even The Most Profitable Industry Is Also Difficult.
- Market trend | As China And The US Will Sign, Cotton Prices Continue To Rise, Yarn Prices Will Not Rise. Is There A Risk Of Falling Cotton Prices In The Near Future?
- Company news | Does "Poison" App Change "New Clothes" In The New Year, But Also "Toxic"?
- News Republic | Both For Millet Do Pull Rod Box And Take Nike Supplier, This Anhui Enterprise Unexpectedly Hit 200 Million Dry Clothes!
- News Republic | New Year'S Speech 2020
- financial news | "Miscarriage Of Justice" Into The Main Reason For The Loss Of Public Offering, The Bottom Of Which Is The Emergence Of Institutional Liquidation Of Retail Investors.
- Nanfang Shares (600250): Qinhuai Scenery And Transformation Development Officially Set Sail
- Industry Slump, Sub Industry Leaders Are Soaring, Where Are The Opportunities For Textile And Clothing In 2020?
- Discussion On The Cause Of Twining Of Leather Roller
- Zhejiang Longsheng (600352): It Will Receive A Total Of 145 Million Yuan Award From The Government.
- *ST Gao Sheng (000971): Notice Of Court Closing
- The Foreign Investment Law Has Issued The First Business License In Shanghai.
- Striving For The First Season Of The New Year, Printing And Dyeing Enterprises Are In Full Swing To Seize The Market.
- Let History Tell The Future: Another Senior Textile Base Opens The Textile Heritage Museum.
- What Will Be The Textile Market In 2020? Let'S Take A Look At These Good Signs.
- The Feather And Feather Are Selected And Inspected.