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Cotton Is Going Up And Down &Nbsp; The Trend Is Still Weak.

2011/8/16 16:24:00 45

Cotton futures closed on Friday on a daily limit, driven by moderate investor buying, prompting some cotton processors to start placing orders due to the low market position this week.

The index of Intercontinental Exchange (ICE) rose by 4 cents in December about CTZ1, reaching a limit of 1.052 cents per pound.

today

Zheng cotton

1205 the contract is high and low.

It opened at 21400, the highest 21480, the lowest 21200, closing at 21290, up 30 points from the previous trading day (+0.14%).

Cotton index positions increased 40150 positions, turnover of more than 590 thousand hands.

Spot market

On August 15th, China's cotton price index (328) was 19124 yuan / ton, down 65 yuan / ton.

In August 12th, the import cotton price index (FCIndex S) was 126.4 cents / pound, down 1.31 cents; 1% tariff 20743 yuan / ton, down 213 yuan; discount sliding duty 21183 yuan / ton, down 211 yuan.

According to the latest monthly demand and supply forecast released by the US Department of agriculture, the report lowered global cotton consumption for fourth consecutive months, but still increased by 1% over the previous year. At the same time, it also slightly reduced the global cotton output in the new year, but output still reached a record high. Therefore, the global end inventory rose to 34.47% from the previous year's 30.15%, which is the end of the year.

Stock

Consumption is second years in a pullback.

According to the report, the global cotton supply and demand surplus is 1 million 640 thousand tons in the new year, accounting for about 6.5% of the total consumption of the world. Under the condition of the overall supply and demand is loose, and the market is not optimistic about the future economic recovery, cotton prices will remain low in the low range.

Judging from the trend of the disk, today 1205 Zheng cotton high opened, after the opening price fell unilaterally, the lowest to 21200, before closing, rebounded, positions continued to increase.

Cotton is going up and down today, but the overall trend is still in decline.

At present, it is suggested that we should continue to hold in early days.