< p > overnight, the ICE stage cotton plate intensified oscillation, but the western Texas Texas precipitation has improved the situation of seedling growth and the market's worries about China's economic prospects have triggered more sales, leading to the closing price of cotton.

This week China's sale of foreign cotton after its suspension and the interest rate meeting of the Federal Reserve are all concerned by the market. Before the news is clear, the market will maintain the trend of oscillation.

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< p > cotton Market: 1. The price of China's main port of imported cotton has dropped completely. West African cotton and Central Asian cotton have dropped 0.50 cents. Brazil cotton and high-grade cotton have dropped 1 cents, while EMOT cotton and India cotton have dropped 1.5 cents.

The sale of reserve cotton will come to an end this week. The a target= "_blank" href= "//m.pmae.cn/" > textile "/a" will soon be broken down. Enterprises can only think of imported cotton.

Considering that the new cotton market may be postponed and the import quota is gradually issued, bonded cotton and long-term cargo will become the main source of supply before the new cotton market.

According to cotton traders, the inventory of ICE registered in the near future has dropped rapidly and basically used for export shipment. The actual situation needs to be verified by the weekly report of the US cotton export.

2, yesterday's domestic cotton price downward trend does not change.

In July, throwing storage was coming to an end, and there was no plan to start the second round of competition at present. However, the direct subsidy policy began to investigate, making the price of domestic cotton prices fluctuate drastically, but spot cotton prices were still slightly down by policy guidance.

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< p > spot quotation, USA C/A cotton 99.60 (cents / pound), port delivery price 16205 yuan / ton (calculated by sliding tax); Uzbekistan cotton 100.91, port delivery price 16363 yuan / ton; India cotton 91.90, port delivery price 15317 yuan / ton; CNCotton A 20064 yuan / ton; CNCottonB 19205 yuan.

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< p > market analysis, throw the end of the store, the follow-up national reserve policy is not yet clear, but the recent direct subsidy policy has begun to investigate, which is undoubtedly bad for cotton prices, resulting in a sharp fall in the CF 01 contract. We need to pay attention to the related situation of direct subsidy. Recently, the textile industry's low consumption factors affect prices; at the same time, 7-8 months are concerned about the new flower growth hype.

ICE80-90 interval oscillation.

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