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Cotton Sugar Rising Pressure Is High, In The Short Term Is Still Likely To Fall.

2011/5/13 14:13:00 53

Domestic commodities today are affected by the external market.

Soft goods

The market is even more open and almost swallowed up the first few days of the week.

At present, the pressure of cotton and sugar rising is large, and it is likely to fall in the short term. Therefore, it is suggested that investors should not rebound after a big crash.

Futures market: today's Zhengzhou white sugar main contract 1109 opened low nearly 70 points, then all the way down, finally closed at 6465 points (-2.71%), clinch a deal 840120 hands, reduce the warehouse 19840 hands.

Zhengzhou cotton main contract 1109 today opened lower and lower, opening price is the highest price, and finally closed at 24315 points (-4.27%).

2471880 hands were sold today, 32666 hands reduced.

External market: Wednesday, the commodity market weakened as a whole.

In the ICE 1107 period, the sugar price dropped 0.93 points (-4%), closed at 20.94 cents / pound, and the white sugar contract of London in August fell 18.20 dollars to close at 594.40 US dollars.

ICE the US cotton market has fallen. In July, the contract closed at 150.3 cents per pound (-1.10 cents).

The new contract in December fell 0.73 cents to 125.19 cents / pound per pound.

Spot market: the trend of the wholesale market fell sharply this morning, the main producing area of Guangxi.

Goods in stock

The quotation is lower than that of yesterday.

Nanning: middlemen quoted 7050-7120 yuan / ton, and the quoted price was reduced by 70 yuan / ton.

Liuzhou: middlemen quoted 6980-6990 yuan / ton, and the quotation was 70 yuan / ton lower than yesterday afternoon.

USDA released monthly

supply and demand

The report shows that China's cotton inventory at the end of the year 2010/11 is estimated at 12 million 170 thousand bales, with an estimated 12 million 700 thousand packages in April.

From the spot market to understand that the situation is not optimistic about the future market, turnover continued weakness.

Some spinning mills of pure cotton yarn began to spin other blended fabrics such as polyester and cotton.

Operation strategy: today's domestic commodities are affected by the external market, and the soft commodity market is jumping into the air.

At present, the pressure of cotton and sugar rising is large, and it is likely to fall in the short term. Therefore, it is suggested that investors should not rebound after a big crash.