Cotton Market Price Rebounded Sharply, Empty Single Temporary Departure

< p > the world is < a target= "_blank" href= "//www.sjfzxm.com/" > dress < /a > a target= "_blank" href= "_blank".

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< p > 4, the main contract price of CF1501 was closed at 14510 yuan / ton, up 490 yuan / ton, and the position was reduced by 23952 to 304 thousand hands.

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< p > US cotton: the main contract in December has gained 0.4 cents to 63.27 cents / pound.

USDA will announce the new monthly supply and demand report, and the prospects for the US and India's output may make USDA continue to increase the supply of both countries and the world's cotton in the new year.

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< p > CC Index 3128B closed at 17137 yuan / ton, down 1 yuan / ton.

The reserve price of cotton reserves is 17250 yuan / ton, and the spot price is 113 yuan / ton.

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< p > August 1st < a href= "//www.sjfzxm.com/news/index_q.asp" > reserve cotton < /a > put in quantity of 123283.4064 tons, actually clinch a deal 20403.0239 tons, the paction proportion is 16.55%, 5.07% higher than yesterday.

Among them, the old national standard made 1308.2239 tons of domestic cotton, with an average grade of 4.24, an increase of 0.55 over yesterday, an average length of 28.28, a rise of 0.04, an average price of 16974 yuan / ton, a decrease of 130 yuan / ton compared with yesterday, a 328 fold price of 17559 yuan / ton, and a rise of 144 yuan / ton compared with the previous trading day.

On the same day, the new national standard of domestic cotton traded 12395.2509 tons (Xinjiang library accounted for 4566.371 tons) average price (weighted only weight) 17307 yuan / ton, compared with the previous trading day rose 60 yuan / ton.

The imported cotton (new national standard) was 6699.5491 tons, with an average price of only 16595 yuan / ton.

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< p > today, the domestic cotton futures contract has risen sharply after noon, and the price of CF1501 contract has increased by more than 2%. The rise in intraday price is mainly driven by the rise of the US electronic disk.

Recently, the basic factors are intertwined, or the gap between the two sides is increasing at the level of 14000 yuan / ton.

On the negative side, Cotton Traders sell cotton at a reduced price, traders rush to sell ports to import cotton, and in the past week the price of imported cotton ports in India dropped by 200-300 yuan / ton, indicating that cotton holding enterprises are more aware of the cotton prices in the future market.

In addition, the international market, the market participants for the U.S. cotton production increase is expected to further increase, especially in the USDA8 month report is expected to continue to upland cotton production and inventory.

Therefore, oversupply has kept cotton prices weak.

However, there is a partial replenishment of low-priced cotton in the downstream enterprises. Many enterprises are less than a target= "_blank" href= "//www.sjfzxm.com/" > textile < /a > the enterprises believe that with the end of the cotton throwing policy at the end of August, there will be a temporary slump in the market before the new cotton market will come into being. The cotton price will drop temporarily, and the textile market will be bought in the international market after the US cotton price falls below 65 cents / pound. Especially, last week, the US cotton weekly export volume was good, so the possibility of a sharp drop in cotton prices will be reduced at this stage.

We believe that the price of the CF1501 contract may be in the range of 14000-15000 yuan / ton.

On the operation, the early holding of the empty single profit left the field.

It is advisable to speculate in the market.

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