Cotton Market Downturn, International Cotton Prices Hit Nearly 5 Years Low

< p > > the world's < a target= "_blank" href= "//www.sjfzxm.com/" > clothing < /a > a target= "_blank" href= "_blank" > shoes, "hat net" Xiaobian introduced to everyone is cotton: buying low, the international cotton price hit a low of nearly 5 years. < /p >
< p style= "text-align: center" > < img border= "0" align= "center" alt= "" src= "" /uploadimages/201407/31/20140731103243_sj.JPG "/" < > > "
< p > because of the optimistic outlook of the US and India's increasing production potential, the market is worried about the serious surplus of supply next year. ICE cotton continues to suffer from speculative selling, and in addition to some consumer purchases, < a href= "//www.sjfzxm.com/news/index_s.asp" > market < /a > rare initiative buying up, so the cotton in ICE phase has maintained a downward trend. The main contract in December was lowest to 63.76 cents / lb, and it ended down 1.10 cents to 64 cents / pound, 65 cents / pound strong support fell, and cotton price hit a new low since October 2009. At present, the output is still the focus of the market. In August, the USDA monthly report may continue to increase the cotton production in the United States and India. This will become a topic of speculation in speculative capital, and the price may therefore maintain a downward trend, with a short-term target of 60 cents / pound. < /p >
< p > July 30th, ICE cotton break down, the main contract in December, 65 cents / pound strong support position lost, the whole day in the shade, cotton prices are still far away from the short-term average line suppression, the average system continues to fall short of arrangement, KD and MACD indicators in the overfall area adhesion, MACD index green pillar growth, cotton prices remain weak, the decline will continue, the target will reach 60 cents / pound integer strong support position. < /p >
< p > although the US and India increase production expectations strongly, USDA8 monthly report may continue to raise the above two countries and global cotton output. The supply pressure of the new year has increased significantly to make the overall market in a weak position. However, the market expects that the cotton subsidy policy rules will fall to the ground in the near future, and the domestic market wait-and-see atmosphere is strong. Due to the continuation of internal and external weaknesses, the difference between domestic and foreign cotton prices continued to expand. As at the close of July 30th, the price difference between Zheng cotton 1501 contract and ICE12 month contract expanded to 5702 yuan / ton, which is at a high level in the normal historical year, which will greatly inhibit the recovery of China's consumption and exports. Therefore, although Zheng cotton has shown strong resilience in the near future, but with the global supply increasing and the Chinese consumer downturn, the < a href= "//www.sjfzxm.com/news/index_s.asp" > cotton price < /a > does not have the driving force and foundation of the rise. Zheng cotton keeps the long-term downward trend of short-term rebound, does not change, continues to hold the empty list, and continues to increase the 1501 contract blank by rebounding 14700 yuan / ton pressure level, and the short-term target is still the lowest 14115 yuan / ton line. < /p >