Cotton High And Low &Nbsp; Intraday Trend Shocks

U.S.A cotton Futures closed slightly higher on Friday and investors bought in light trading. Market participants waited for the US Department of agriculture to announce crop growth next Monday. Intercontinental Exchange (ICE) index December cotton futures CTZ1 rose 0.01 cents, to 0.9864 dollars per pound.

Today, Zheng cotton 1201 contracts go higher and lower. It opened at 21750, the highest 21770, the lowest 21535, closing at 21630, down 55 points from the previous trading day (-0.25%). Cotton index positions increased 11602 positions, turnover of more than 910 thousand hands.

Spot market, China's cotton in July 25th Price The index (328) was 20875 yuan / ton, down 221 yuan / ton. In July 22nd, the import cotton price index (FCIndex S) was 138.36 cents / pound, down 1.13 cents; 1% tariff 22758 yuan / ton, down 184 yuan; discount sliding duty 23178 yuan / ton, down 183 yuan.

According to the China Cotton Association survey, most of the cotton entered the bud stage in June, and the growth of most parts of the country was better. It is estimated that the total area of cotton planting in the whole country will be 81 million 220 thousand mu in 2011, an increase of 220 thousand mu from the previous month, and a 5.5% increase compared with the previous year. At the recent stage, the production of downstream textile enterprises is almost stagnant. Textile enterprises had high price of cotton, resulting in increased production cost pressure, so the downstream inventory slowly. According to statistics, in 1-5 months, the number of garments imported from the United States increased by 6.3% over the same period last year. The number of garments imported from China dropped by 0.8%, and the number of imported garments from Vietnam, Bangladesh and Indonesia increased by 17.8%, 15.8% and 17.5% respectively. This shows our country. Spin In the international market, the competitiveness of clothing products has declined, and some orders have been transferred. Many enterprises reflect that the order this year dropped by about 20%. On the whole, the domestic textile enterprises are facing the weakness of export and domestic sales, which leads to the slow down of inventory and the downstream demand.

Judging from the trend of the disk, today Zheng cotton After opening, the price of cotton jumped down to a minimum of 21535, followed by a sharp jump of up to 21770. Cotton is going up and down today, which is still lingering in 21000-22000 in the short term. On the whole, cotton's short-term decline has slowed down and is still in the process of falling. At present, it is suggested that we should continue to hold short positions in the early stage.