The dollar continued to push the high cotton prices. ICE period

Because of the dollar devaluation, and sustained recent index funds adjustable storehouse end, speculation with promoting ICE period cotton continued to rise, march contract rises 3.5 cents to 148.94 cents per pound, challenging 152 cents per lb trend. Analysis look, resource tension passive defensive position, bear market rarely initiative cast dish silenced, as long as fund bull thought not changed, consumption, international MianJia remain strong again will continue to enjoy strong pattern. USDA will be announced on Thursday, the market is expected to its export weekly in 30-40 million package if cash that consumption is expected to remain strong and increases will continue, otherwise MianJia may face recedes risk.

Technically, the ICE period cotton high leave high to go MianJia stand firm, small Yang barrel short-term are above the line challenge above 152 cents per lb pressure bits, all line system maintain bull rise arrangement, KD index adhesion formation bull rise arrangement, MACD index also have adhesion formation bull rising trend, the green column arrangement, ICE continued shorten the period of cotton gains are expected to continue, march contract will challenge 152 cents per lb line pressure bits, such as effective breakthrough, next goal will be to 1.6 cents per lb line.

Domestic yarn price because of reduced inventory and yields continue Yang, high-grade cotton resource shortage, whole spot market remain strong, Spring Festival is expected to reach MianJia prophase spot 30000 yuan/ton pressure bits. But short-term zheng cotton rise range is too big, and pressure increase, Spring Festival is near policy to unveil the CPI may reignite regulatory expectations, suggest wel high reduced their part, stay MianJia dropped more than single continue to buy advisable, attention 1109 contract 28800 yuan/ton support and 30,000 yuan/ton integer pressure bits. (wanda futures urumqi sales DuYing)

Cotton futures closed up by speculation with boost

According to the New York on January 19, 2007, ICE cotton futures Wednesday accept high and within reach harden, traders said the falling dollar is partly stimulation in the cotton market has investors and speculation with. Dealer said period cotton contract also seems to follow the grain price movements, grain prices early dish rise and end dish weak, because cotton investors awaiting approval from the us government announced cotton export sales data. Senior cotton Futures Penson article, "said Johnson analysts still very small volume today." Index ICE march period cotton contract 3.50 cents, submitted to climb 1.4894 dollars per pound, jumped 5 cents to within once 1.5044 dollars, trigger harden restrictions. Day low for 1.4776 dollars.

The MCM analysts Jobe Moss said he believes the cotton price in the next few weeks to exist greater downside risks, although march period cotton contract "seem content with" left-behind at present 1.60 - by $1.50 interval. Dealers said China cotton prices, or also for the cotton market provides some support. China zhengzhou Commodity Exchange may cotton futures contract rises 510 yuan, finally put in 29,390 yuan per ton. Market waiting for Thursday the United States department of agriculture (USDA) published a week export sales reports, judged whether China's recent strong pace for the purchase of cotton whether there will be slow. Cotton brokers are expected to last week American cotton sales amount to 30-40 million packets, 35.76 million for a week before a bag. Market close attention to February 4 American industry organize National Cotton association (National Council) published Cotton Cotton planting guesstimation investigation. This month, national MianChanOu Cotton annual Conference (Beltwide Cotton it hasn't been made clear) of the survey, 2011 American Cotton planting area are expected to be in 1,240-1,250 million acres, for five years, and higher than last year's high 1,104 million acres. (mandarin finance and economics)

Source "of Chinese textile net"

HongZhen editor: