Industry News: Zheng Cotton Market Resilience Weak Growth Weak

< p > < strong > domestic trend: < /strong > 26 days < strong > a href= http://cailiao.sjfzxm.com/Matertial/show/default.aspx > ZHENG cotton < /a > /strong > 1309 contract to receive a long shadow line Yang K line.

The opening price was 19830 yuan / ton, closing at 19910 yuan / ton, up 105 yuan / ton compared with the previous trading day, the highest price 20030 yuan / ton, the lowest price 19830 yuan / ton.

Trading volume has shrunk, and positions have been reduced by 8934 to 137982 hands.

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< p > > strong > external trend: < /strong > Intercontinental Exchange (ICE) cotton < strong > a href= "http://cailiao.sjfzxm.com/Matertial/show/hqbj.htm" > futures > /a > /strong > on Thursday, due to the drop in technical support position after buying, and selling good sales data to the US hints that although speculator driven price increases continue to cool down, demand for cotton is still strong.

The most active July contract rose 0.28 cents, or 0.3%, at 83.23 cents a pound.

Spot contracts now contract up 0.23 cents, or 0.3%, at $81.33 a pound in May.

The May contract will expire in May 8th.

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< p > > strong > message: < /strong > as of April 25th, most cotton farmers in southern Akesu and Kashi have been planted, and the seeding rate has reached about 90%. The planting of the two regiment and the three regiment of the first agricultural division has come to an end.

The sowing of the southern Xinjiang is coming to an end. The corps and the local cotton fields have gradually become clear. The emergence and budding of the cotton fields are relatively good.

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Rainfall in Memphis cotton area of central and Southern cotton region of the United States continued. The local cotton farmers have not started spring sowing. The seeding rate of the same period last year and five years is 19% and 23% respectively. Wet soil is not conducive to sowing and field preparation. P

Precipitation along the Gulf and southern Dezhou is urgently needed to alleviate extreme drought conditions, and severe drought continues along the Gulf and central part of the state.

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< p > < strong > spot: < /strong > cotton index 328, the price is 19365 yuan / ton, down 1 yuan / ton compared with the previous trading day.

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< p > < strong > point of view: < /strong > domestic < strong > a href= http://cailiao.sjfzxm.com/Matertial/show/default.aspx > cotton > /a > /strong > spot continues to decline slightly, which is a drag on the price.

Technically, the Zheng cotton 1309 contract has been going down after the 20 thousand pass test, and its positions and trading volume have shrunk. The first day of the May 1 holiday is back up to boost the price, but it is still under pressure. In general, it is still running at a range of 19800-20500 yuan / ton.

Operation, still in the 19800-20500 yuan / ton large interval of high and low suction.

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