India Seasonal Wind And Rain To Strengthen India Cotton Quotation Again Fell

< p > > a href= "http://sjfzxm.com/news/index_cj.as" > short term < /a > supported by the good signing and shipping data of the US cotton market, the reduction in the US and India's expected rainfall and production increase is weakened. The textile mills continue to bargain to form a favorable contract for the ICE far month contract. At the end of August, China will temporarily go abroad to sell cotton for sale or cause the domestic cotton supply "vacuum period" and other factors. ICE's main contract continues to stabilize and rebound. However, there are many concerns about speculative funds and bulls. On the one hand, the issue of increasing cotton production in the United States is due to good weather. It is expected that the USDA monthly report will continue to increase cotton production in the United States. In the end of July, China will announce the "cotton direct subsidy" rules for the Xinjiang cotton area in 2014, or suppress the ICE and Zheng disk. The ICE warehouse receipt is still over 50 thousand tons. The current signing and shipping are mainly based on the International Cotton Traders' proprietary business, and the spot market lacks the support of consumption and capital. Therefore, the ICE main force is likely to rely on 65 cents / pound to help themselves in the short term. Whether it can return to the 70 cent pass is critical to the inquiry and procurement progress in 8-10 months, including China, India, Indonesia, Vietnam and other countries. In July 23rd, the main contract ended at 68 cents. < /p >
In the 7-8 month of, there were still 2013 parts of India cotton S-6, J34 and only suitable for the spinning of air to the port. The proportion of India cotton in the bonded warehouse was relatively high, and the spot price of cotton in India fell due to the large rainfall in India's southwest monsoon. The price of India cotton in China's main port bonded, spot and far month contracts was reduced as a whole. However, considering the poor quality of India cotton in the middle and later stages, the phenomenon of heavy losses was more serious. With the tight import of Chinese cotton importing enterprises and intermediate traders, although the price of RMB in India cotton dropped by 100-200 yuan / ton, the price of enquiry and shipment did not rise significantly in P. On the 23-24 day of July, Qingdao and Zhangjiagang, India cotton S-6 SM 1-5/32 "mid season flower quotes 16500-16700 yuan / ton, the volume can be negotiated, the profit margin is 100-150 yuan / ton, while the late flower S-6 quotation is only 16200-16300 yuan / ton, some traders give cash settlement, the single customer order exceeds 5 cabinets old customers to give profits 200 yuan / ton, the lowest S-6 price falls below 16000 yuan / ton. It is also understood that, although the proportion of SM reaching the port in the middle and late 7 has not increased a lot, the length is 1-3/16, 1-1/8 and 1-5/32, which is highly valued by the domestic cotton textile enterprises and traders. < /p >