Quotation Analysis Of New York Cotton Futures Today

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< p > > a href= "http://sjfzxm.com/news/index_s.asp" > New York cotton futures < /a > low on Friday. This week also fell slightly, because investors settled their positions before the July contract expired, resulting in several days of market volatility.

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< p > the most active ICE-12 cotton contract fell 0.05 cents, or 0.6%, at 77.08 cents a pound.

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< p > the contract has reached a low of 76.10 cents in more than four months this week.

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< p > July contract fell 0.2 cents, or about 0.2%, at 88.16 cents per pound.

The contract will expire in July 9th.

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< p > Global a href= "http://sjfzxm.com/news/index_s.asp" > cotton inventory < /a > is expected to reach a high level of 102 million 700 thousand packets by the end of July next year, enough to meet the global demand for nearly a year.

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< p > despite the fact that the largest cotton growing state in Dezhou is in urgent need of rainfall this season, it is expected that the US supply will remain tight before the end of the 2013/14 crop season.

The 2013/14 crop year will end in late July.

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< p > despite the weekly data from the US government, cotton export sales in the 2014/15 crop year were not good enough last week. The current cotton export sales exceeded expectations in the current crop year, consolidating concerns about the shortage of supply in the US before the end of 2013/14.

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< p > related links < /p >

< p > Egyptian cotton merchants association proposes cotton export supplement < /p >

< p > according to the report of "China wind cotton net", the Alexander cotton Merchants Association (Alcotexa) recently submitted an application for cotton export supplement to the official departments, but was opposed by state-owned cotton and textile holding companies.

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< p > Alcotexa proposed to the official application of the cotton 75 Egyptian Pound Per khtar (50 kg) patch application, equivalent to 10 cents / lb, to improve the current export unsalable situation.

The quota for the application is 30 million Egyptian pounds, equivalent to 400 thousand khtar (20 thousand tons) of cotton.

Alcotexa pointed out that the state gave the domestic consumption of cotton less than a href= "http://sjfzxm.com/news/index_s.asp" > textile > /a > the total consumption of 200 million Egyptian pounds, which has only been used for 80 million at present. If the distribution of 30 million to cotton export supplement, textile consumption can also get 90 million supplement.

Cotton consumption can be increased from 200 Egyptian pounds to 250 Egyptian pounds per khtar (25 cents / pound to 32 cents / pound).

In this way, the end inventory of Egyptian cotton will be reduced.

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"P", and state-owned cotton and textile holding companies put forward objections.

The agency pointed out that if the implementation of export supplement, it will be a disguised support for overseas industry competitors.

At the same time, it is hoped that the state can increase the consumption of cotton from 200 Egyptian pounds per ktal to 325 Egyptian pounds per khtar (42 cents / pound).

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