Futures: There Is No Adjustment In Supply And Demand.
1. domestic price and index: 129 level 30104 (+32) yuan / ton; 229 level 29586 (+29) yuan / ton; 328 level 28796 (+33) yuan / ton; 428 level 28133 (+27) yuan / ton.
2. international cotton prices: February 9th, international
cotton
Index (SM) 207.21, up 728 points, discount general trade port delivery price 34837 yuan / ton; international cotton index (M) 204.63, up 690 points, discount general trade port delivery price 34406 yuan / ton.
3. textile price: polyester staple fiber 14500 (+250) yuan / ton; viscose staple fiber 26800 (+200) yuan / ton; C32S price 36600 (+80) yuan / ton.
4. spot market: textile enterprises have gradually resumed production, but
Lint bank
It is still possible to maintain production and not rush to inquire and purchase; cotton enterprises have kept on waiting, and seed cotton purchase has not been restarted, and seed cotton quotations are basically the same as before the holiday.
5.ICE cotton: in February 9th, under the joint promotion of speculative buying and fund buying, ICE cotton futures rose sharply, reaching a record high of 182.29 cents, reaching a record high and trading volume remained at a high level.
Global supply and demand data changed little in USDA2 month, and had little effect on the market.
6.USDA report: the supply and demand report of agricultural products (17.97,0.71,4.11%) released by USDA in February 9th has not adjusted the supply and demand data of cotton in the US, China and India.
Global supply and demand data adjustment is not large.
Global output fell by 46 thousand tons and consumption dropped by 7 thousand tons, of which Uzbekistan production declined and consumption increased, while Bangladesh and Taiwan in China decreased consumption.
The final inventory changed little, to 9 million 321 thousand tons.
Summary
Agriculture released on USDA2 9
Product supply and demand
The report did not adjust the supply and demand data of the United States, China and India.
Global supply and demand data adjustment is not large.
US cotton rose again yesterday, and the US cotton far moon contract was equally strong, as the expected output increased by only 5% over the previous year, due to drought in the southern US.
Domestic spot purchase and sale is fully launched, but the bullish atmosphere is not decreasing.
Operation suggestion: Zheng cotton in recent 1109 contract still has the possibility of high innovation. It is not recommended to blindly touch the top.
Far 1111 and 1201 contract performance or continue to be stronger than 1109, focusing on arbitrage opportunities.
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