Many Factors Triggered A Sharp Rebound In ICE Disk India Cotton Quotes Less

Last weekend, the main reason for the sharp rebound in the ICE market was: first, the US released the non-agricultural employment data far better than expected, and the US dollar index fell sharply. equity market And the general rebound of commodities; two, it is rumored that China will issue 400 thousand tons of processing trade cotton import quotas in the near future, and has entered the stage of countersigning. Three, the market thinks that the US economic data is still weak, and the US Federal Reserve's launch of QE3 is expected to rise sharply. Some agencies believe that the Federal Reserve will launch a new round of economic stimulus in September.

On the 4-6 day of August, the quotation of cotton and bonded cotton for foreign and domestic importers rose to a certain extent on the day of ICE futures. In addition, India's domestic cotton prices are rising steadily, and the main cotton producing areas are not ideal, and the 6 day of the rebound of domestic cotton and electronic matching, port India. Bonded cotton And the price of cleared cotton has been raised by 100-200 yuan / ton. From the quotations of port importers, the number of foreign cotton coming to Hong Kong in Brazil in 8 and September is decreasing, mainly in West Africa and a small amount of cotton in the United States. The arrival rate of high-grade cotton and cotton in Canada has declined, and the price of cotton quotas has decreased and the US dollar quotations have increased.

It is reported that, at the recent meeting of the relevant departments, some foreign businessmen believed that the state should abandon the reserve target, such as the current domestic market is not short of high-quality Xinjiang cotton spot, but the lack of grade three or four real estate cotton, therefore, if throwing and throwing, we should throw about 500 thousand tons of real estate cotton to the full market. In addition, foreign businessmen suggest that the departments concerned take advantage of the low price storage and storage of nearly 1 million tons of bonded cotton in the Port Free Trade Zone, thus occupying the commanding heights of resource pricing.

In August 6th, the Qingdao port customs clearance India cotton S-6 quotation was concentrated at 17800-18100 yuan / ton (horse value is different, quoted price difference 100-300 yuan / ton), bonded cotton EMOTSM1-5/32 "Mei cotton quotes 15000-15100 yuan / ton. Because many import enterprises analyzed the 7 and August China's market will be the middle and low grade lint, but not the middle and high grade cotton expected at the beginning of the year, so India cotton, Pakistan and some low-grade West Africa cotton in 6 and July, the number of customs clearance is larger, and sales are higher. American cotton Cotton and Brazil cotton are better than others, resulting in a relatively small number of India cotton in Port Bonded cotton or sailing cotton.