Cotton Imports Rose Slightly In August 9Th, And Domestic Cotton Spot Prices Ran Smoothly.

On the eve of the USDA monthly report in August 9th, the market wait-and-see sentiment was strong. Investor Continue to adjust the position, December contract intraday oscillation trend, settlement price compared with the previous trading day fell 5 points. At present, the market is still looking forward to the good news from USDA, which has responded to the recent rainy weather in India's main cotton producing areas. The USDA report is particularly critical for future market trends. If profits can not be realized, cotton prices will face a pressure of callback.

News, USDA American cotton export weekly (2012.7.27-8.2): when Zhou, 2012/13, the net volume of the US cotton exports was 24 thousand and 900 tons, and the net contract volume of the US land cotton export in 2013/14 was 7 thousand and 100 tons. In 2011/12, the carry over stock of upland cotton is 266 thousand and 100 tons. On 27-7 July, 31, the export volume of American upland cotton was 37 thousand and 100 tons. The total shipment volume of the export of Upland Cotton in 2011/12 was 2 million 466 thousand and 600 tons, a decrease of 18% over the same period last year.

In the international market, in August 9th, the price of China's main port of import cotton rose slightly, and the increase of varieties was generally 0.6 cents. At present, the market is waiting for USDA to announce the supply and demand report. Although the downstream demand is not improving, more cotton producers are looking forward to good news from the USDA report. From the recent situation, the drought in the United States and the lack of rain in India have affected the growth of new cotton, so that the market is worried that the India government will once again implement the India cotton export ban. Although the global economic downturn will continue to affect market demand, the USDA supply and demand report will be around in the short term. Cotton price Trend.

Domestic market, 9 days, domestic cotton spot price runs smoothly. At present, the shrinking demand caused by the global economic recession is the core factor that restricts the rise of cotton prices. The market has been affecting the nerve of cotton prices around the issue of "collecting and storing, throwing and storing quotas". With the approaching of storage time, cotton prices will fall, but it will be difficult to rise.

Spot quotation, in August 9th, the US C/A cotton quotation is 91.95 (cents / pound), the discount general trade port delivery price is 15628 yuan / ton (sliding tax), the Australian cotton quotation is 97.20, the general trade port price is 16346 yuan / ton, the Uzbekistan cotton quotation is 95.20, the general trade port price is 16068 yuan / ton, the West African cotton price is 88.70, the general trade port delivery price is 15203 yuan / ton, the India cotton quotation is 89.20, the general trade port delivery price is 15267 yuan / ton. The national cotton price A index is 19442 yuan / ton; the B index is 18530 yuan.

Market analysis, the recent market forecast USDA will lower the end of the global inventory and India production to promote the external market strength, if not expected, there will be a risk of fall; China's upcoming acquisition and storage in September and the poor weather in the two river basin cotton area support cotton price high consolidation, overall, the lack of speculation, speculative capital shortage and market pressure is too large. The US pressure is 78 and the zhengmian pressure is MA60.

In operation, Zheng cotton New and more cautious holding, if breaking the 60 day moving average departure.