- Futures

ICE cotton

Last Friday, the price of ICE cotton contracts rose. In December, the contract reached 65.13 cents / pound, up 0.86 (1.34%), and volume decreased.

In July 1st, the US dollar index fell and oil prices rose to boost market sentiment.

Continued strong rally to promote cotton prices rebounded, ICE futures opened higher, December contract recovered half of the day before yesterday's land lost.

With the recent digestion of bad factors,

The state of maintaining a high level of consolidation.

Today, the US market is closed for independence day.

India Market

At the end of the week, the monsoon rainfall in India has lagged behind the long-term average rainfall of 12%.

According to local media reports, field planting is still ongoing in Maharashtra, Gujarat, Ande and te Lun gaina.

Among them, Ande Labon and drenn gaina were well received for rain, and the progress of planting was faster than that of the same period of the same year.

Last Friday, India's domestic S-6 ginning factory was stable at 42750 rupees / candi and 80.85 cents / pound; the price of pick up goods in Punjab J-34 ginning factory was 4490 rupee / candi, 80.90 cents / lbs. Thursday, in addition to the June contract, India MCX cotton rose.

Domestic market

In July 1st, traders in Shandong, Henan, Hebei and other places, 2015/16, 3128C2 class (corps picking cotton, fracture strength 28CN and above) were quoted 14100-14200 yuan / ton, and the 3128C2 level (breaking strength 27CN-28CN) was quoted at 13800-14000 yuan / ton, which was 400-500 yuan / ton higher than last week.

Cotton trading is hot, Zheng cotton price limit.

Zheng cotton's main contracts were all closed on Monday, trading volume increased and positions increased. Zheng cotton prices rose sharply on Friday night, and today the market is closed.

At present, Zheng cotton holds nearly 697 thousand hands and has 42 thousand additional positions.

At present, the warehouse number is 945 (0), and the effective forecast volume is 851 (+13).

1609 the contract settlement price is 14865 (+505), the 1701 contract settlement price is 15240 (+550), and the 1705 contract settlement price is 15325 (+550).

As of July 1st, the cumulative turnover of cotton reserves totaled 1 million 60 thousand and 300 tons, the total volume of imported cotton was 296 thousand and 100 tons, and the turnover rate was 98.16%; the total turnover of domestic cotton was 764 thousand and 200 tons, and the turnover rate was 97.34%.

In recent days, the turnover rate of cotton reserves has been 100% in succession. Today, the turnover of cotton reserves is even more popular. The enterprises have increased the price actively, and the average price of Xinjiang cotton has increased substantially. Textile enterprises consider that after the end of August, the market does not have the reserve cotton backing, and actively stock up.

At present, the market is small, the price is strong, and the price of cotton is strong in various countries. Especially in India, cotton prices are rising. Textile mills are actively importing other countries' cotton. They have a certain support for the market, and the spot price of cotton in China has also been rising recently.

Traders hoarding goods, prices rise and negotiation space is not big.

In the long term, Zheng cotton is in an upward trend. In the short term, the price of zhengmian will go up. The weekend market will flow out of all kinds of articles and raise the voice of cotton prices, and pay attention to risk control.

Pay close attention to the average price of cotton reserves this afternoon and the amount of cotton reserves listed tomorrow.