Zhengzhou Cotton Futures In July 8Th, A Narrow Swing In Early Trading, Was Supported By External Markets.

　　 July 8th, Zhengzhou cotton futures Opened in early trading, followed by a narrow range of shocks, midday closed up, the main contract reduced 1101, reduce the line. 。

On Thursday, July 8th, the Zhengzhou commodity exchange (CZCE) cotton futures 1101 contract opened at 16545 yuan / ton, closing at 16500 yuan / ton, up 45 yuan / ton compared with the 7 day settlement price, 75330 hands and 190836 positions.

ICE cotton futures closed higher on the 7 day, and investors bought the operation to boost the market from a five month low. Traders said market participants were concerned about the report released by the US Department of agriculture later this week. ICE12 month cotton Closing quotation It rose 0.24 cents to 74.56 cents / pound, with a range of 73.55 cents / pound to 75.01 cents / pound.

As of July 6th, the NYBOT contract for delivery of cotton futures contract No. 2 was 316517 packages, the first trading day was 344803 packages.

In June this year, cotton exports in Brazil increased by 72.6% over the same period last year, reaching 18 thousand tons. In the first 11 months of this year, Brazil (0) (0) commented on this article.

Other comments start topics related to information and information forum please input verification code cotton accumulation. Export volume Up to 414 thousand tons, more than the US Department of agriculture forecast. According to the current export progress, the export volume of Brazil cotton will reach about 435 thousand tons this year.

Zheng cotton 8 1101 contracts opened in early trading, followed by a narrow range of shocks. Analysts believe. It is expected that the US Department of agriculture's output report will go further into the negative market. Affected by many factors, the domestic cotton spot price has loosened, and cotton enterprises' willingness to sell goods has increased. However, at present, the textile enterprises have a strong wait-and-see attitude, so the market is sparse. Short term downward pressure on cotton prices has increased. However, in view of the fact that domestic cotton supply and demand is tight, inventory consumption is relatively low, and it is expected that after the short term adjustment, uplink kinetic energy will still exist in the future cotton price.