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Futures Market Sentiment Is Not Strong, Cotton Futures Rose First And Then Fell

2021/7/12 21:12:00 0

Cotton

1、 Price quotation

According to business agency data show that this week's cotton market rose first and then consolidation. On the 5th, the price of 3128b lint was about 16403 yuan / ton, and on the 9th was 16561 yuan / ton, up 158 yuan / ton, 1.61% higher than last week, and 12.64% month on month.

2、 Market analysis

Domestic new cotton production is expected to decline year-on-year, the U.S. Department of agriculture quarterly planting area report is less than expected, Zheng cotton cost and demand support, starting on Monday cotton spot follow futures prices higher. From July 5 to July 9, the total transaction volume was 47782.429 tons, with a transaction rate of 100%. Enterprises with tight stock of raw materials have high purchasing enthusiasm and reserve cotton resources are of high quality and low price, which attract enterprises' purchasing enthusiasm. The domestic reserve cotton was sold and stored in a row, and the textile industry demand was off-season, and the superimposed epidemic situation occasionally repeated. At the weekend, Zheng cotton futures fluctuated downward, and the market sentiment declined.

Trading statistics of cotton reserves in the first week
 

date

Rotation quantity

Average transaction price

July 5th

9542.299 tons

16400 yuan

July 6th

9559.624 tons

16455 yuan

July 7th

9540.873 tons

16427 yuan

July 8th

9610.83 tons

16331 yuan

July 9th

9528.803 tons

16376 yuan

3、 Downstream industry chain

The cotton yarn market is generally stable, with a slight improvement in sales in July, but the inventory does not continue to rise. Zheng cotton continued to rise, driving the confidence of manufacturers, textile enterprises strong willingness to support prices, prices remain high and firm. Cotton prices are expected to have a shock period in the short term, although the traditional off-season, under the market space is limited.


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