Cotton Matchmaking Daily: Wide Shocks; Waiting For Guidance (6.10)

On June 10, 34860 tons of commodity cotton were traded through electronic matchmaking in the national cotton trading market, a decrease of 4280 tons compared with the previous trading day, all of which were MA contracts. The order volume increased by 4440 tons, and the cumulative order volume was 166220 tons.

On September 9, the ICE cotton season rose strongly supported by technical aspects. Recently, the contract in July soared by 300 points, and other contracts also rose in an all-round way. The forward contract was slightly weak; Under its influence, the matchmaking continued to open significantly higher on the same day, but failed to reach a higher level. The intraday market fluctuated and fell. The MA1006 contract closed at 18710 yuan, down 117 yuan in recent months; The main MA1008 contract rose by 32 yuan to close at 18775 yuan, and the matching transaction continued to expand on the same day, with a substantial increase in the order volume; The lowest price is 16625 yuan (328B) under MA1011 contract, and the highest price is 18900 yuan under MA1006 contract.

The matchmaking today has the following characteristics: 1. The matchmaking transaction on the same day was 35000 tons. The monthly contract turnover of MA was concentrated at 3000-7000 tons, and three contracts were about 7000 tons, which are MA1007-MA1010 contracts. The market in the transition period between the new and old years was concerned by the market; 2、 The order volume has increased significantly, and the main MA1008 contract has gradually transferred to MA1009. The large increase in the order volume indicates that both sides of the market game have re entered the market, and the differences have gradually widened in the later stage; 3、 The average price of MA contract rose slightly, and the trend of MA contract was near weak and far strong, but the average price of MA1006 contract in recent months was still 18867 yuan, ranking first among all contracts; 4、 Today, China's cotton price index reached 18209 yuan/ton at 229 level, 658 yuan lower than the average price of MA1006 contract in recent months. There is still a big gap between the price of electronic matching disk and the spot price.

As of June 9, 125356 tons of cotton had been traded in the national cotton trading market, 1058 tons less than the previous day; Among them, 10388 tons of cotton have been inspected, 206 tons less than before; 4617 tons of cotton were declared for public inspection, 258 tons less than before. On that day, 2132 tons of business cotton were warehoused, including 2132 tons of Xinjiang cotton and 3089 tons of outbound cotton.

[Related information] On June 10, China's cotton price index rose 7 yuan to 17749 yuan; On June 10, the middle rate of the exchange rate of US dollar against RMB in the inter-bank foreign exchange market was 6.8281 yuan per US dollar.