market performance
July 7th | closing price | intraday rise and fall | five-day rise and fall |
---|---|---|---|
cotton | 16745.00 yuan/ton | -0.65% | -5.15% |
intraday news
Today's China cotton price index is higher transactions Daily decrease of 199 yuan/ton
According to the China Cotton Information Network, today's China Cotton Price Index (CC Index) is 17,720 yuan/ton, a decrease of 199 yuan/ton from the previous trading day.
Variety Fundamentals
According to Flush iFinD data:
html On July 7, the spot price of the national cotton market was quoted at 17,710.00 yuan/ton, which was a premium of 965.00 yuan/ton compared to the main futures price (16,745.00 yuan/ton).![Market performance: The closing price on July 7. The increase and decrease on the day. The five-day increase and decrease. Cotton 16745.00 yuan/ton -0.65%-5.15%. Intraday news. Today, China's cotton price index decreased by 199 yuan/ton compared with the previous trading day. Acc - DayDayNews](https://cdn-dd.lujuba.top/img/loading.gif)
Institutional view
SDIC Essence Futures : The macro impact on commodities is still very large. In the short term, US cotton may continue to weaken.
US cotton fell sharply yesterday. The macro impact on commodities is still very large. In the short term, US cotton may continue to weaken. The U.S. Department of Agriculture (USDA) announced in its weekly crop growth report that the U.S. cotton growth rate was 36% in the week ending July 3, 2022, compared with 37% the previous week and 52% in the same period last year. Domestic cotton continues to weaken, spot prices follow the market decline, and spot transactions improve slightly month-on-month. However, domestic cotton fundamentals are still weak, and there is insufficient support for cotton prices. The pure cotton yarn market continues to be weak and transactions are sluggish. Market orders are scarce, downstream purchases are reduced, and inventories of textile companies continue to accumulate. In the later period, enterprises will be more willing to reduce production and stop production, and the number of load reduction and start-up situations will increase in the later period. Cotton yarn is also showing a downward trend. In terms of operation, we will wait and see for the time being or treat it with a bearish approach.