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US Cotton Export Weekly Data Continue To Pressure On Contracts In Recent Months.

2011/5/27 13:53:00 51

Overnight, the lack of market demand led directly to investors' profit taking, and ICE futures fell.

USDA's latest US cotton export report confirms this point.

Textile mill

The abolition of the contract number once again exceeded the new contract volume, resulting in the net volume of land cotton exports this year, -0.75 million tons.

The downturn in downstream demand will hinder the further rise in cotton prices. From a technical point of view, it is difficult to get rid of the consolidation situation in the short term in July.

News, the US cotton weekly export report (2011.05.13-05.19): week, 2010/11, USA

Upland cotton

The number of cancelled contracts exceeds the new contract volume, resulting in net export volume of -0.75 million tons.

The net contract volume of US cotton exports was 4 thousand and 900 tons in 2011/12.

The export volume of us upland cotton exports is 56 thousand and 800 tons, 20% less than the previous week, and 31% lower than the average level of the previous four weeks.

The international market, most of the imports of cotton yesterday, China's main port price increased by 300 yuan / ton, but Uzbekistan cotton and the United States C/A cotton prices have been sharply reduced.

It is understood that the current textile enterprises

Buy Cotton

Still not active, cotton traders are actively lowering their prices, hoping to promote sales.

However, the price of cotton in the two producing areas has been significantly higher than that in other regions, even after a sharp reduction in prices on the same day.

Besides, the price of West African cotton is also very high.

Domestic market, overall, the recent domestic cotton electronic disk matching, Zheng cotton futures have signs of improvement, the market paction remains low, but local pactions slightly warmer signs, of which high-grade lint is the main target of some textile enterprises procurement.

The prices of downstream yarns and grey fabrics continue to weaken, and the turnover is light, which has a greater impact on the raw material procurement of textile enterprises, leading to a slight downward adjustment in domestic cotton spot prices.

Spot quotation. In May 26th, the price of C/A cotton in the United States was 182.10 (cents / pound, the same below), and the general port trade delivery price was 30472 yuan / ton (calculated according to the sliding tax).

The price of Australian cotton is 189.10, and the price of the general port trade port is 31605 yuan per ton.

Uzbekistan cotton quotation is 184.10, discount RMB general port trade pick up price 30804 yuan / ton.

The quotation for West African cotton is 209.85, and the general port trade delivery price is 34983 yuan / ton.

National cotton price A index 26405 yuan / ton, down 34 yuan; B index 24500 yuan, down 55 yuan.

Market analysis, overnight by the United States cotton export weekly data negative impact, ICE US cotton pressure drop, the 07 contract continues to test 150 cents / pound support, new flower contract to step on the 60 day moving average, after technical repair, is expected to continue to test 135 front-line.

Zheng cotton 09 contract we still can only see the rebound, as long as the price can not effectively break through the gap gap, operability is not strong; 1201 contract price to get rid of the 24265 line resistance, bottom bottom tamping, the price is expected to continue to uplink, pay attention to the top 25000 pressure.