Brief Introduction Of International Cotton Market Situation

The state owned Cotton Corp in India said that the volume of cotton arrived in the India market during October 1st -12 18 fell by about 27% compared with the same period last year, which delayed the supply of the second largest cotton producers in the world because they demanded a higher national guaranteed price.

India Cotton Corp released Tuesday data Cotton supply fell to 7 million 360 thousand bales during the same period from 10 million 40 thousand last year.

Australian agriculture and Resources Bureau (ABARES) recently released a report that it is expected that in 2011-2012 (July 2011 -2012 June) Australia's cotton exports will increase significantly, pushing Australia to become the third largest exporter of cotton in the world.

Australia's agriculture and Resources Bureau said it expects Australia's cotton exports to reach 989 thousand tons in 2011-2012.

China's General Administration of Customs announced on Wednesday that China's cotton imports in November were 378124 tons, an increase of nearly two times compared with the same period last year, an increase of 50% over the previous month. Cotton in 1-11 this year Imported The volume reached 2 million 570 thousand tons, an increase of 8.3% over the same period last year.

US cotton: the US cotton main 03 contract closed at 86.65 cents, no rise or fall.

US cotton 21 shock amplitude narrowed, ending on the MA5 day line, and the 5 day moving average has a rising trend, today and tomorrow, MA5 and MA10 daily line is expected to form a gold fork near 86.9, so nearly two days. Closing quotation For this position will be a test, of which KD index is currently forming a gold fork in the low position, today's bulls should pay close attention to the closing defense position near the 5 day line 86.8.