The current arrival price of EMOT M in the United States is 73.4 cents/lb, the arrival price of India S-6 1-1/8 is 64.55 cents/lb, and the arrival price of Brazil M is 68.05 cents/lb. The arrival price of foreign cotton is higher than the previous one. The trading day collectively rose 0.75 cents/lb. Yesterday, according to weekly export data released by the US Department of Agriculture, as of the week of August 13, the 2020/21 year US upland cotton contracted sales of 29,036 tons and shipments of 95,602 tons. The main export countries are China, Vietnam, Turkey and other countries. Among them, China accounts for 45.5% of the total shipments. Since the signing of the Sino-US economic and trade agreement, China has increased its imports of US cotton. This week’s shipment data performed well, which also supported cotton prices. The overnight ICE futures cotton 12 contract was supported by the Bollinger Middle Rail 62.83 line, the Xia Changyingyang line closed at 64.56 cents/lb, and the futures price rose 0.76 cents/lb from the previous trading day. From a technical perspective, the MACD green column turned into a red column. DIFF and DEA fit Jin Cha, KDJ index fits Jin Cha and diverges upward, and technical indicators become stronger.

As September approaches, the market has high hopes for the traditional peak season of the "Golden Nine and Silver Ten" in the textile industry. According to Cotton Textile Net's survey of apparel companies in Jiangsu, Zhejiang and Guangdong, the operating rate of large and medium-sized yarn mills and weaving mills is also higher than that of 6%. It rebounded in July. Since the beginning of August in Henan, Shandong and other places, cotton textile enterprises have seen more and more obvious signs of the start of cotton yarn, grey cloth and clothing market. But what worries the market is that the current volume of export orders is still small. If the market for export orders is difficult to start, the good prospects of gold, nine, and silver, ten may be short-lived. Yesterday, under the Zhengmian 01 contract, Changying Xiaoyang closed at 12,850 yuan/ton, and the futures price rose by 20 yuan/ton compared with the previous trading day. The position of the 01 contract decreased by 5922 hands to 329,000 hands. From a technical point of view, MACD red pillar Turning to a green column, DIFF and DEA fit the deadlock, KDJ index fits the deadlock, and the technical indicators weaken. Judging from the trend of Zheng Mian, the continuation of the trend of strong volatility, the futures price fluctuates between the middle rail and the upper rail line, short-term traders can back on the upper rail 12970 to short a small amount.