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New Perspectives On Cotton Research And Development

2011/5/4 16:32:00 42

Cotton Speculation Period Cotton

Cotton: US cotton stabilizes slightly rebounding


1, outer disk:


The 3 day ICE cotton market rose overall as a result of the weather speculation, the main contract settlement price in July was 157.51 cents / pound, up 306 points, 1112 months contract 128.37 cents, up 131 points.


The market opened higher, and the July contract rose more than 200 points in early trading. It was stable at 156 cents in the first half of the session, selling at a later stage and trying to suppress. In July, the contract fell to the closing level of the previous day, but the low point of speculative capital rose and the July contract closed up.

Dezhou, the largest cotton growing region in the United States, is still in a dry state, while the central and Southern cotton region is affected by the progress of rainfall planting, and speculative funds are opportunistic.


2, China:


  

Zheng cotton

CF1109 contract opened, after the early adjustment, it rebounded under the bull buying drive, and the intraday concussion was delayed. In the end, the strength was strengthened under the support of the short back support, and the line formed under the 1/2 line was smaller.

The CF1109 contract concluded 1392292 hands on the day, 11962 additional positions at the end of the day, 389458 hands at the end of the contract, 186242 contracts on the CF1201 contract day, 3112 additional positions on the day, 130834 hands at the end of the day.


3. Stock side:


Wei Qiao textile has cut down the price of lint in a row, causing domestic problems.

Goods in stock

Business panic, no one feedback, the market paction price far from the Wei Qiao descend so big, Jiang cotton to Zhejiang is still 29500 yuan / ton, but requires more stringent.

There are Jiangsu.

Cotton merchant

At present, cotton prices are lower than the cost of cotton in hand.

29000 yuan cost price goods, can only sell 27000 yuan, not willing to sell at a loss, want to wait and see the future market.


4. Cautious control over the operation.

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