6.21 the trend of cotton price today

Today's latest cotton prices and market trends list:

Fundamentals:

1. Hongye Futures: Cotton Futures Early Review 20170621

ICE cotton futures fell to a more than seven-month low on Tuesday as expectations of bumper crop growth in key growing regions and a stronger dollar kept buyers on the sidelines. December cotton, the most actively traded contract, closed down 0.07 cents at 68.97 cents a pound, its eighth straight day of losses. Yesterday, the domestic Zheng cotton main 09 contract fluctuated violently, the intraday U-shaped trend out, the corresponding position changes were inverted U-shaped, and finally closed flat with the previous trading day, the K-line was a cross star with a lower shadow line. Night low open low go, narrow range oscillation.

Domestically, reserve cotton reserve prices continue to fall, and the proportion of Xinjiang cotton has fallen recently, the turnover rate is basically stable, at the same time, the proportion of textile enterprises participating in the auction remains high; spot prices are stable and slightly lower, yarn, grey fabric inventory increases, prices fall.

Internationally, US cotton production is expected to increase, export volume is estimated to decrease, weather speculation is frequent, cotton prices fluctuate greatly; India, cotton (15265, 150.00, 0.99%) spot prices high temperature, late correction pressure.

In the long run, the global cotton planting area in the new year will be greatly increased in advance to suppress international cotton prices for a long time; the domestic supply and demand easing pattern has not changed, cotton prices are under pressure, easy to fall but difficult to rise. There are variables in the policy of dumping reserves, and Zheng Mian is in a dilemma. Operationally, it is recommended that investors temporarily leave the sidelines and pay close attention to changes in the policy of dumping reserves. (Steel Union Information)

2. South China Futures: Cotton prices may rebound in the short term

Domestically, the new cotton sales near the end of the country, textile enterprises spot resources are not many, the national reserve cotton round transaction average price and turnover rate fell, textile enterprises auction proportion increased, textile and apparel export data picked up in May, domestic and foreign cotton yarn prices upside down, domestic yarn competitiveness is better, good cotton demand; Internationally, the weather conditions in the main cotton area of the United States are favorable for cotton planting and growth, new cotton planting is coming to an end, Indian monsoon rains are advancing smoothly, and US cotton export sales fall negative cotton prices, but the next year US cotton export contracts increase, and cotton prices are bullish.

Latest Cotton Prices Today

As of press time, domestic cotton (Zheng cotton) futures price index reported 15242, cotton main contract price reported 15265, cotton 1801 contract price reported 15185, cotton 1805 contract price reported 15295, cotton 1707 contract price reported 15075, cotton 1709 contract price reported 15265, cotton 1711 contract price reported 15010. Early today, Zheng cotton futures prices rose slightly across the board.

The latest cotton price trends today

Cotton main force 5 minutes trend chart

Cotton main force 5 minutes trend chart

Early this morning, Zheng cotton main low open high go, shock upward. On the 5-minute trend chart, the middle track of Bollinger Band is upward, MACD is upward above the 0 axis, DIFF and DEA are bonded together, and cotton prices may fall slightly, but at present, the bull market is still in a dominant position, and the overall trend is still upward.