The Growth Of Cotton Is Better Than In Previous Years, Which Is Expected To Be Better Than Last Year.

According to the latest

Because of the accumulated temperature and rainfall in most of the cotton producing areas in the United States this year, cotton is not only growing better than in previous years, but also ahead of schedule.

As of July 18th, the emergence rate of new cotton in the United States has reached 86%, which has accelerated for the fourth consecutive week and the bell progress is 41%, which is significantly higher than the average value of five 34% in the past.

Judging from the current situation,

In recent years, Zheng cotton still maintained a near strong and weak pattern. In the past month, the contract hit a new high of 18445 yuan per ton, and it closed at 18405 yuan per ton, up 0.14%.

Far month contract added warehouse downward, the newspaper closed at 16180 yuan per ton, fell 0.83%, increased 31360 positions.

Far months were significantly suppressed by the EMA, but today's sharp increase in trading positions shows that the gap between the two sides is more serious.

The spot market is still flat, with few pactions.

There is still a downward trend in yarn, and textile enterprises are still willing to replenishment.

Pinch

In July 21st, MA1007 closed at 19300 yuan, the average price was 19328 yuan, up 127 yuan; MA1008 closed at 18765 yuan, the average price was 18771 yuan, up 71 yuan; MA1009 closed at 17705 yuan, the average price 17704 yuan, up 1 yuan.

The total turnover was 14700 tons, a decrease of 2240 tons compared with the previous trading day, and the total order quantity was 171240 tons, reducing 440 tons.

Northern Xinjiang, Wusu, Kuitun, Shihezi and Kashi and Korla in southern Xinjiang continue to have high temperatures. The highest temperature is around 36 degrees Celsius, and rainfall is scarce, which is good for cotton growth.

Kashi cotton topping basically ended, cotton field irrigation water is sufficient, but there is a certain degree of aphid damage, cotton farmers are actively spraying control; Korla water situation is better than the same period last year.

After the opening of the warehouse, it is clear that there are huge differences in the market today. On the one hand, the spot and near month contracts continue to strengthen, boost their enthusiasm, on the other hand, the weaker external market, the expected increase in production, the domestic policy regulation, and the downstream demand drop, coupled with the sharp rise in the previous period, there are good reasons for the shortage. Generally speaking, there are still uncertain factors such as weather and textile demand in the market outlook.