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International Cotton Market Dynamics

2011/2/16 12:46:00 129

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14, profit selling sharply suppressed

Stage cotton

Down, but the new flower contract fell considerably.

On the spot, contracts were scarce, while the prices of new flowers fell sharply, while the spot prices rose slightly in the current year.

On the 14 day, most of the agricultural products in the international market were callback, and only Chicago wheat kept rising.

and

ICE cotton

After being hit by a new high, it experienced a strong profit squeeze, so the cotton futures dropped sharply.

However, the specific trend of contracts is different in different years.

Among them, several contracts before the new flower fell sharply, approaching the limit price, while the 3 contracts declined this year, but the purchase was supported halfway, so the final decline was smaller.

This is consistent with the spot index trend.

At the same time, the positions were sharply reduced, of which the March contract was substantially reduced due to the expiration.

There are 2 other factors in the New York stock market downturn. One is that USDA will increase the planting area of the United States and cotton. Second, the market rumors that India will increase or increase.

Exit

Quota.

On the 14 day, the CotlookA index rose 217.30 points at 55 points, and the long-term A index was 149.55 points, or 250 points.

On the 14 day, FCIndexS reported 220.92 cents / pound unchanged; FCIndexM reported 217.54 cents / pound unchanged; FCIndexL reported 214.51 cents / pound unchanged.

From today's Cotlook spot index, spot quotes continue to rise slightly this year, but the price of new flowers has dropped sharply.

According to cotton traders, cotton contracts are few, but individual countries continue to sign long-term cotton.

Some cotton farmers in Pakistan are already preparing for early sowing, hoping to catch up with high cotton prices.

As of February 12th last week, Egypt signed 3866 tons of cotton exports, an annual total of 103960.5 tons.

India's domestic cotton prices slumped last Friday, which rose again on Monday.

Pakistan's domestic prices are still strong, and the ginning mills are reluctant to sell, but the textile companies also refuse to bid too high.

According to local media reports in India, although the agriculture and textile sectors still have different opinions, the Committee of the relevant ministries and commissions in India recently decided that the cotton export quota for this year should be maintained at 5 million 500 thousand packages (935 thousand tons).