Real-time market of US cotton futures: At present (September 1 1), the real-time market of US cotton futures generally falls. Among them, the biggest decline is the American cotton 1905 contract. The decline was 0.2 1%. The latest contract price is 84.25; The contract with the smallest decline is American Cotton 19 10. The fluctuation range is 0. The current contract price is 80.02.
Besides. In the real-time market of American cotton futures. The current market of other contracts is: American Cotton 18 10, and the latest contract price is 83.89. Decreased by 0.04%; The latest price of American cotton 18 12 contract is 83.79. The decline was 0.06%; The latest price of American cotton 1903 contract is 84.05438+0. Reduce by 0.16%; The latest price of American cotton 1907 contract is 84.47. Reduce by 0.16%; The latest price of American cotton 19 12 contract is 78.6 1. The decrease was 0. 12%.
Reasons for the general decline in the real-time market of cotton futures in the United States today. Market analysis is mainly two factors. On the one hand, the supply and demand changes of cotton in the United States. On the other hand, it is the impact of changes in Sino-US trade relations on the real-time market trend of US cotton futures.
On the relationship between supply and demand in the real-time market trend of American cotton futures. Since August. American cotton export quotations fell again and again. Close to India's cotton export quotation. America is a big country in cotton industry. Although Pakistan's demand for American cotton has expanded in recent years. But in fact, Pakistan's large increase in imports of American cotton is also caused by its government's ban on imports of Indian cotton. In addition, the tropical storm in the Gulf of Mexico in August did not cause much damage to American cotton. Recently, Texas in the United States once again ushered in rain. Or it will alleviate the local hot and dry weather. Conducive to the growth of local American cotton.
Meanwhile. Because the dollar has risen strongly recently. The appreciation of the US dollar has a negative impact on US cotton exports. In addition, in the recent Sino-US trade war. The two sides set tariff thresholds for each other. Market worries led to a real-time decline in US cotton futures.
Because of the recent factors that affect the real-time market trend of American cotton futures. There is still no better way to deal with the dollar exchange rate and trade friction in the short term. Therefore, the market expects that the real-time market trend of US cotton futures will remain under pressure in the short term. At present, there are no major favorable factors to support the rise of US cotton futures prices.