Cotton Futures Trend Analysis: Domestic Cotton Prices Continue To Be Strong

　 [international spot]

August 13th, last Friday ICE futures The impact of a sharp drop in imports, China's main port price quotas have been fully reduced, including US cotton, Australia cotton, India cotton and Brazil cotton fell 3 cents, other varieties also fell 1-1.5 cents, long staple cotton prices rose slightly. Recently, domestic and foreign cotton prices have risen slightly with the help of the main cotton producing weather and China's purchasing and storage policy, but last week's USDA monthly report poured cold water on the market. The cotton market in the new year (19265, -25.00, -0.13%) will continue to create more resistance to stabilize and rebound cotton prices.

　 [international spot]

The monthly report of the US Department of agriculture in August indicated that China's cotton yarn imports increased significantly in recent months, and the import of cotton and textile products also increased correspondingly due to persistent cotton prices in China. China's strong demand for imported cotton yarn will inhibit cotton imports. Compared with the previous two years, the increase of cotton yarn imports this year is equivalent to 435 thousand tons of cotton.

So far this year, India and Pakistan are the biggest beneficiaries of significant changes in China's cotton yarn imports. The two cotton exports to China doubled in the two quarter of this year. The increase in cotton yarn exports will stimulate cotton demand for cotton in two countries. If China's cotton yarn demand continues to expand, it will provide greater impetus for the ASEAN countries to export cotton yarn. At present, imported cotton accounts for 95% of the spinning cotton in ASEAN countries, and the growth of cotton consumption in the region will ultimately benefit us cotton exports.

　 [International Futures]

In August 13th, domestic cotton prices rose. The national cotton price A index (CNCotton A) representing the 229 class cotton prices in the mainland was 19448 yuan / ton, up 5 yuan compared with August 10th. The national cotton price B index (CNCotton B), representing the 328 grade cotton price in the mainland, was 18532 yuan / ton, unchanged from August 10th.

　 [domestic stock]

In August 13th, the stock market and the commodity market generally declined, while Zheng cotton kept low consolidation after opening low, most of the contracts fell more than 100 yuan, and the positions were slightly reduced. Before new flower is listed, Zheng cotton's weak oscillation pattern will continue. Among them, CF1209 contract average price 18520 yuan, fell 140 yuan; CF1211 contract average price 18970 yuan, fell 140 yuan; CF1301 contract average price 19290 yuan, fell 90 yuan; the market total turnover 128724 hands, compared with the previous trading day reduces 34 hands, accumulative total holds 397994 hands, reduces the 5022 hand.

　 [domestic futures]

Jinxiang, Shandong: showers relieve drought and cotton bolls are bolting at the bottom. On August 9-10, a showers weather occurred in Jinxiang, Shandong, which alleviated the phenomenon of partial yellowing, slight exhaustion and bud buds in cotton fields due to drought. However, the number of bolls in the late stage was still decreasing, and the autumn peach was expected to decrease by 30%. At present, a small amount of rain has not affected the Cotton Bolls at the bottom of the cotton bolls. 27-30 cotton / peach trees have an average of 2-3 crops per plant. A few days ago, cotton farmers began picking sporadically. It is estimated that the harvest will begin in mid 8 and 15 days later than last year. The lowest yield per seed cotton is 350 Jin / mu. If the weather is fine in late days, the yield per unit area is expected to be higher.

In August 13th, by the sharp fall of ICE futures on last Friday, the price of China's main port of import cotton was down sharply, of which 3 cents were in the US cotton, Australia cotton, India cotton and Brazil cotton, while the other varieties also fell by 1-1.5 cents, and the price of long staple cotton rose slightly. Recently, domestic and foreign cotton prices have risen slightly with the help of the main cotton producing weather and China's purchasing and storage policy, but last week's USDA monthly report poured cold water on the market. The continued loosening of the cotton market in the new year will create greater resistance to stabilizing and rebounding cotton prices.

[international spot]

The monthly report of the US Department of agriculture in August suggested that China's cotton prices continued to be strong in recent months. Cotton yarn Imports have increased significantly, and imports of cotton and textiles have increased correspondingly. China's strong demand for imported cotton yarn will inhibit cotton imports. Compared with the previous two years, the increase of cotton yarn imports this year is equivalent to 435 thousand tons of cotton.

So far this year, India and Pakistan are the biggest beneficiaries of significant changes in China's cotton yarn imports. The two cotton exports to China doubled in the two quarter of this year. The increase in cotton yarn exports will stimulate cotton demand for cotton in two countries. If China's cotton yarn demand continues to expand, it will provide greater impetus for the ASEAN countries to export cotton yarn. At present, imported cotton accounts for 95% of the spinning cotton in ASEAN countries, and the growth of cotton consumption in the region will ultimately benefit us cotton exports.

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　　 [International Futures]

In August 13th, domestic cotton prices rose. The national cotton price A index (CNCotton A) representing the 229 class cotton prices in the mainland was 19448 yuan / ton, up 5 yuan compared with August 10th. The national cotton price B index (CNCotton B), representing the 328 grade cotton price in the mainland, was 18532 yuan / ton, unchanged from August 10th.

　 [domestic stock]

In August 13th, the stock market and the commodity market generally declined, while Zheng cotton kept low consolidation after opening low, most of the contracts fell more than 100 yuan, and the positions were slightly reduced. Before new flower is listed, Zheng cotton's weak oscillation pattern will continue. Among them, CF1209 contract average price 18520 yuan, fell 140 yuan; CF1211 contract average price 18970 yuan, fell 140 yuan; CF1301 contract average price 19290 yuan, fell 90 yuan; the market total turnover 128724 hands, compared with the previous trading day reduces 34 hands, accumulative total holds 397994 hands, reduces the 5022 hand.

　 [domestic futures]

Jinxiang, Shandong: showers relieve drought and cotton bolls are bolting at the bottom. On August 9-10, a shower occurred in Jinxiang, Shandong, which alleviated the drought in cotton fields. cotton Yellowing, mild failure, and flower buds fall off seriously, but the number of bolls in the later period is still decreasing, and it is expected to decrease 30% of the autumn peach. At present, a small amount of rain has not affected the Cotton Bolls at the bottom of the cotton bolls. 27-30 cotton / peach trees have an average of 2-3 crops per plant. A few days ago, cotton farmers began picking sporadically. It is estimated that the harvest will begin in mid 8 and 15 days later than last year. The lowest yield per seed cotton is 350 Jin / mu. If the weather is fine in late days, the yield per unit area is expected to be higher.