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Cotton Prices Go Higher And Lower, And Buyers Are Still Watching.

2010/11/26 9:25:00 37

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Today, Zheng Mian 1105 contracts go up and down.

Low opened at 24930, the highest 26025, the lowest 24675, closed at 25400, compared with the previous trading day fell 165 points (-0.65%).

The cotton index increased by more than 60 thousand hands, with turnover exceeding 2 million 740 thousand.

On the international side, the ICE cotton futures touched down on Tuesday, with a 6 day trading limit of three consecutive days.

Index ICE-3 cotton contract fell 6 cents, hitting limit or 5.1%, at 1.1179 per pound.
美元。

Internationally, cotton has been hit hard in recent weeks, and investors are increasingly worried about China or taking radical measures to curb inflation at a 25 year high, including raising interest rates, which may affect domestic demand or restrict domestic demand, or from bubbles in China.

market

The flow and so on were extracted.

In the spot market, China's cotton price index (328) is 27288 yuan / ton, down 593 yuan / ton.

In November 23rd, the import cotton price index (FCIndex S) was 155.94 cents / pound, down 3.13 cents / pound; 1% tariff 26392 yuan / ton, down 526 yuan / ton; discount sliding duty 26777 yuan / ton, down 521 yuan / ton.

In the domestic market, the impact of national policy regulation on cotton prices has not yet been completely digested.

A series of measures taken by the State Council to curb price rises, especially measures against cotton, continue to clamp down on cotton prices.

There has been little change in fundamentals.

Domestic supply and demand are still in short supply.

Judging from the current situation, the domestic cotton shortage has not been improved, cotton supply is still tight, and spot prices remain relatively strong. With the release of the upper risk after the callback, cotton prices will gradually stabilize and return to fundamentals.

Cotton price

The reasonable price range will be determined.