In October 12th, the whole country

In the trading market, the trade volume of cotton and cotton blending was 9820 tons, 4340 tons less than the previous day, and the order quantity reduced by 1920 tons, and the total order 86400 tons.

Overnight, USDA (US Department of Agriculture) released the global cotton supply and demand forecast report. The global end inventory increased sharply compared with last month, which was bad for the ICE cotton market. The recent settlement price in December was 70.71 cents / pound, down 139 points, 1303 months contract 71.40 cents, or 162 points.

On the 11 day, the contract was opened to the whole line, and the concussion came down during the day.

Basically, yesterday, USDA announced the new global cotton supply and demand forecast, which raised the global output from 501 thousand tons to 25 million 327 thousand tons, cut the global consumption volume from 148 thousand tons to 23 million 269 thousand tons, increased the final inventory by 565 thousand tons to 17 million 225 thousand tons, and the inventory consumption reached 101.55%.

Noting that China's consumption volume has been cut by 436 thousand tons, its output has increased by 108 thousand tons, and the export volume of US cotton has also been reduced.

Cotton outlook is even more bleak and cotton prices appear to be showing no signs of rising.

Domestic due to

Despite the fact that cotton production and consumption have shrunk, the price of spot cotton has been rising slowly, leaving the cotton prices in or out of the cotton market worse.

Today's matching has the following characteristics: first, the volume of pactions is reduced, matching the MA1210 contract in the past month, 2560 tons of turnover, the largest volume of pactions, the other contract volume ranging from 560 to 2180 tons.

Two, the order quantity is reduced, the order quantity of MA1210, MA1211 and MA1212 contracts are reduced by 1100 tons, 700 tons and 1140 tons respectively, and the remaining contracts are increased by 240 to 540 tons.

Three, the average price fell sharply, the MA1211 contract fell 231 yuan / ton on the same day, the biggest decline, and the other contracts fell 118 - 211 yuan / ton.

As of October 12th, the national cotton

Market operations of cotton 97142 tons, 515 tons less than the previous trading day, of which 28297 tons of public inspection cotton, 877 tons less than the previous trading day; declare cotton 1239 tons of public inspection.

The storage capacity is 132 tons, and the output is 86 tons.