Stage Cotton: Basic Pressure Is Larger.

2014/7/24 13:59:00 18

overnight, in July 23rd, the ICE futures market, which lacked new information, was trading more lightly and prices continued to narrow. In December, the contract rose slightly under the leadership of the grain market.

If the US cotton exports continued to be active last week (14-18 July), cotton prices are expected to remain stable at the current level.

> a href= "http://? Www.sjfzxm.com/news/index_c.asp" > cotton market < /a >, for a while, although the market has stopped the downward trend, the rise is still weak, showing an overall trend of oscillation.

At present, the United States weather conditions, new cotton growth is normal, China's reserve stock is huge, spot demand is dull, in a word, it is difficult to find good news from the market, after adjustment, cotton prices may fall again.

spot quotation, in July 23rd, the international cotton index (SM) 86.76 (cents / pound), up 6 points, folded generally < a href= "http:// www.sjfzxm.com/news/index_c.asp" > trade < /a > port delivery price 15085 yuan / ton (calculated by sliding tax, the exchange rate was calculated according to the bank of China's inter bank price); M refers to 83.65 cents, up 3 points, 14782 yuan / ton.

(CNCotton A) 17889, -19; (CNCotton B) 17184 yuan / ton, -12 yuan / ton.

National Reserve dynamics, in July 22nd, < a href= "http:// www.sjfzxm.com/news/index_c.asp" > China reserve cotton management company < /a > plan to sell 82 thousand tons of cotton reserves, and the actual turnover was 12 thousand tons, with a turnover rate of 14.68%.

As of that date, 2013 tons of stored cotton were sold out of 2 million 249 thousand and 100 tons.

"P > market analysis, the United States weather conditions, the growth of new cotton is normal, China's stock reserves are huge, spot demand is flat, cotton prices easy to fall, difficult to rise.

Period sugar rebound wait for pressure confirmation.

operation, empty single back is held by 14655.