美盘拉涨巴西棉价

Center for Advanced Studies on Applied Economics (CEPEA) reports that cotton prices resumed increasing in Brazil, due to the slight demand increase from the industry and the impact of the exchange rate on players’ expectations.

Dollar quotes are higher – the highest value since 2009 (2.00 real) was reached on May 15 –, therefore, sellers are firmer and reluctant to accept bids. Moreover, for the time being, it is more advantageous to close contracts to export than to trade in the Brazilian market. It is worth noting that producers who still have soybean prefer to trade the stocked soybean.

Meanwhile, the industry shows higher interest to purchase cotton immediately, once the exchange rate remains firm. Consequently, they resumed purchasing and are accepting asking prices. Liquidity was higher in the second week of May; however, trades involved only the necessary for the short-term demand, mainly because of difficulties to find high quality cotton.

The CEPEA/ESALQ Index for cotton type 41-4 (delivered in São Paulo city, payment in 8 days) increased 1.95% in the partial of May (April 30 – May 15) and closed at 1.6279 real or 0.8139 dollar per pound on May 15.
译文如下：

应用经济高级研究中心报告显示，由于行业需求增长缓慢以及市场人士操控外汇的影响，巴西棉价出现上涨。
5月15日，美盘创2009年以来新高。因此，卖家表现强势并且不愿接受递盘。另外，暂时来说，成交已有出口合同要比在巴西市场交易更有利。
同时，一旦外汇保持稳定，行业会对购买棉花表现出更高的兴趣。因此，业内人士重新开始补货并结束询价。5月第二周的流动性增强，但是由于高质量棉花较少，实际成交仅限于短期必要采购。
CEPEA/ESALQ指数，41-4型棉花（圣保罗交货，8天内付款）上半月（4月30日-5月15日）上涨1.95%，15日收盘于每磅1.6279雷亚尔，即0.8139美元。