Reinhard: The Key Resistance Is &Nbsp; 81.25 Cents.

　　 New York cotton The July 2010 contract fell below the critical support interval, and the December 2010 contract fell sharply from last week's new high point. The decrease in positions indicates that the market is still in liquidation. The implied volatility of options seems to have found a bottom, but maintained at a low level.

Outlook: Although new Textile mill Procurement and contract pricing activities remain strong, but the market continues to face pressure. From a technical point of view, the price (spot price for consecutive months) is challenging 78 US branches. If this price is broken, the market will move to a more important supporting interval, 76.00-75.50 cents. Although short-term graphics may turn from neutral to negative, the long term trend still shows that as long as the closing price has not fallen below the key support level of 74.25 cents, the market will continue to maintain a bullish trend. The short line resistance is 79.25 cents, and the key resistance is 81.25 cents.

Certified stock is still one of the controversial issues. It is not only important for the future development of the December July contract in December of 10, but also very important for the development of the contract price difference in March December, 10 in July. Rumour has it that many cotton is or will soon be sold to China. If that is the case, then we should see a large number of withdrawal cases soon.

Tanzania: cotton The cotton picking work in the main producing area began under weather conditions. According to different sources, lint output is estimated at 70000-90000 tons this year, compared with 95000 tons last year. Some farmers in the Shinyanga area replant tobacco in cotton fields. A meeting of the cotton department will be held in June 6, 2010 to determine the lowest price and officially start the acquisition season. As the upcoming general elections and good cotton demand are expected, the government will try to set the minimum price at a high level. So far, cotton ginning has sold about 20000-25000 tons of cotton. At present, most of the ginning merchants choose to wait and see, because they are more willing to observe the trend of seed cotton prices. Cotton ginning producers, however, expect cotton sales to be very short in the peak season. There will be no delivery before August.

Zimbabwe: since last year, the cotton processing association has asked its members to participate in the production input plan. Therefore, the number of seed cotton buyers is reduced. In addition, each buyer can only purchase cotton from their support farmers. Those farmers who do not have the support of ginning merchants or who organize their own input can sell cotton to anyone by themselves. Lint production is expected to be about 90000-100000 tons this year, roughly the same as last year's output. Expected output growth during the planting season. However, in January, the weather was bad and some areas were cut down. The first time of delivery is expected in July.

Zambia: the number of seed cotton sold to ginning merchants has increased. The main reason is that Corn The price is much lower than the seed cotton price. The lint count is expected to be about 45000-50000 tons this year, slightly higher than last year. The first time of delivery is expected in July.

China: in September, 10, the trading range of contracts was very narrow, at 300 points, slightly higher than 17500 yuan / ton important supporting position. This week China's two cotton futures exchanges saw a weak price because of the sharp fall in the CIE market, while rumors that the government could increase the number of cotton reserve auctions or increase the import quota. Since the supply of goods is tight at the end of the year, it may be eased at the end of the year. Therefore, the increase in import quota is unlikely to ease the tension immediately. Textile mills seem to be satisfied with the current business and continue to raise yarn prices. Although temperatures have improved everywhere, the weather is still not ideal. Cotton planting is delayed two weeks, and Xinjiang is even later.