亚洲美日韩,男人天堂伊人网,精品乱人伦一区二区三区,免费看羞羞无遮挡3d动漫,99视频网站,国产99r视频精品免费观看

Texindex.Com
Home For Buyers For Sellers MY Office News 國內貿易
    Industry News Texindex Press Releases Finance Company News The Largest Textile Market Online  
 
        Texindex.com runs the leading textile and apparel vertical nets , consisting of B2B Marketplace , Directory Search Engine , Career Center , Buyers'Guide , and Weblog in accordance with its 3C approach: Commerce Content Community
Not an Texindex.com memeber yet? Sign In
 
 

NY cotton futures rebound this week

2013-7-9
The market has turned relatively quiet, with daily volume remaining below 16’000 contracts all week. There hasn’t been much fundamental news to digest and from a technical perspective the December contract sits right in the middle of a five-month trading range, with important short- and long-term moving averages converging just above 85 cents. In other words, the market has no momentum whatsoever and it will take some force to jolt it out of this sideways trend.

When we look for potential catalysts to inject new life into the market, the most obvious at this point in the season is weather. At the moment most origins around the globe report decent growing conditions, although West Texas remains an area of concern despite some intermittent rain. We could therefore still see sizeable abandonment, especially if the current heat wave in the Southwest were to continue.

With the US crop being several weeks behind schedule in most areas, the threat of a wet and stormy harvest is going to be greater than normal this season. Long-range models do indeed predict rather unsettled weather this fall, especially after recent volcanic eruptions in the arctic region.

In May Mt. Pavlov erupted in Alaska and last month it was Russia’s Mt. Shiveluch that started spewing debris up to 6 miles into the atmosphere. If these eruptions continue, they will cool the polar air mass, which sets up a stormy clash between cold ash-filled polar air and heat streaming in from the Atlantic.

Even without any weather problems we anticipate a rather volatile and potentially explosive transition to new crop. Current crop inventories outside China are very low, the US crop is late and mills still have sizeable holes to fill in the third and forth quarter.

The bearish global statistical picture and the rising certified stock may have led to some complacency among mills, not realizing that it could become quite difficult to find cover for September to December shipments. A lot of these slots have already been filled and it may take until January for the cotton pipeline to flow more freely again.

Although the certified stock has been rising rapidly in recent weeks and currently amounts to over 670’000 bales, including bales under review, we believe that it has reached its peak and that it will be downhill from here.

We saw the first sizeable de-certification of over 25’000 bales and we feel that this is just the beginning. Over the next couple of months most of this certified cotton is probably going to be applied and shipped against existing commitments. This should have a bullish impact on the market, as it will remind buyers that old crop supplies are disappearing fast.

So where do we go from here? As we are entering the summer doldrums it will be difficult for the market to generate enough momentum to escape the current trading range anytime soon. The downside should be limited by the fact that there is no inventory to pressure prices with, while the upside will face resistance from grower hedging in the high-80s.

However, given the low availability of cash cotton and the fact that the US crop is late this year, we feel that the odds are slightly in favor of higher prices as we head into late summer and fall. December seems to be a dangerous month to be short and we would therefore advise to use March for short hedges.

Source:Plexus Cotton Limited
 
Hot News
Featured Partners
 
Featured sites: Chemical Network | ChinaChemical Network | Chemical CAS database | ChemNet Mall | China Commodity price
Texindex  |  Site Map  |  Online Server  |  Offline Server  |  Partners & Links
Terms of Use  |  Privacy Policy  |  Disclaimer  
Copyright © 1999-2022  YesHiTech (Zhejiang) inc. All Rights Reserved 浙B2-20090135-2 浙公網安33010602010414
Contact:succeed@texindex.com Tel:86-571-87671500 Fax:86-571-88228200 
主站蜘蛛池模板: 国产精品1区2区3区在线播放 | 国内精品久久久久久野外 | 欧美国产一区二区二区 | 欧美一级成人一区二区三区 | 国产精品青草久久福利不卡 | 国产小视频在线高清播放 | 国产精品久久久久久网站 | 婷婷五月花 | 国产成人影视 | 精品视频一区二区三区四区五区 | 久久99精品久久久久久久野外 | 国产精品原创永久在线观看 | 欧美第5页 | 久久久久久夜精品精品免费啦 | 欧美日韩在线亚洲国产人 | 99欧美| 久久国产自偷自免费一区100 | 国产偷国产偷亚洲高清午夜 | 九七资源网 | 久久这里是精品 | 黄色激情影院 | 精品无人区乱码一区二区 | 国产精品久久久久免费 | 精品国产系列在线观看 | 午夜精品视频 | 国产视频在 | 天天摸天天看天天做天天爽 | ts在线观看 | 日本精品久久久久久久 | 久久精品视频1 | 视频在线精品 | 7777电影网| 九九免费视频 | 国产精品一区二区手机在线观看 | 国产毛片在线视频 | 男人的天堂在线免费观看 | 欧美视频中文字幕 | 国产短视频精品区第一页 | 四虎4545www国产精品 | 国产精品久久久久久久 | 国产欧美成人一区二区三区 |