Domestic Cotton Prices Are Steady Down, Zheng Cotton Long-Term Weak Shocks

< p style= "text-align: center" > < img border= "0" align= "center" alt= "" src= "" /uploadimages/201405/26/20140526095053_sj.JPG "/" < > > "

< p > ZHENG cotton CF1501 fell today.

The opening price was 15910, the highest 15945, the lowest 15860, closing 15870 (-50), and the position being 137 thousand (+1604).

< /p >

< p > Mei cotton 07 fell 0.29 to 89.29 cents.

Cotton rose slightly on Wednesday, due to the expected weekly report from the US Department of agriculture on Thursday.

< /p >

In May 21st, the China cotton reserve management company plans to sell 91 thousand tons of cotton reserves, all of which are < a href= "//www.sjfzxm.com/" > domestic cotton < /a >, and the actual turnover is 12 thousand tons, with a turnover rate of 13.43%.

As of today, the cumulative output of reserve cotton in 2013 has been 1 million 644 thousand and 800 tons, of which 1 million 542 thousand and 800 tons of domestic cotton have been traded and 102 thousand tons of imported cotton.

< /p >

< p > spot market. In May 21st, China's cotton price index CCIndex3128B reported 17409 (-11) yuan / ton, the national cotton price index CNCottonA reported 18259 (-4) yuan / ton, CNCottonB reported 17398 yuan (-2) yuan / ton.

The international cotton index SM reported 97.99 (+24) cents / pounds.

The quotations for downstream cotton yarn C32S, JC40S, TC45S and OE10S are 24830, 29810, 20265, 16255 yuan / ton respectively.

The replacement price is 8790 yuan and 12140 yuan per ton.

< /p >

< p > Yao Mingye, general manager of China cotton reserve management company, said that in the future, the national cotton reserve will optimize the auction process and reduce the < a target= "_blank" href= "//www.sjfzxm.com/" > textile < /a > enterprise pportation and time cost.

< /p >

< p > cotton domestic spot quotation steadily decreased, < a href= "//www.sjfzxm.com/" > outer cotton < /a > index overturned and rebounded.

The downstream enterprises are limited in demand and adopt the way of buying and using.

In terms of technology, the main contract CF1501 is in a downward track, and the EMA is in short order. After two days of rebound, the current low position shocks, and the long-term trend is weak.

It is recommended that intra day operations be the main.

The interval is (1570016200).

< /p >