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Xiangcai Prayer Year: Cotton Maintain Range Shocks

2010/7/3 14:46:00 29

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International: US Department of agriculture data show that as of May 23rd, the United States cotton (16825,50.00,0.30%) planting activities completed 60%, the week before the completion of 47%.

According to China

According to the National Bureau of statistics, China's cotton planting area may be reduced by 2.3% in 2010 compared with 2009.

US Department of agriculture in Islamabad

The report shows that cotton production in Pakistan is expected to be 10 million 550 thousand packs in 2010/11, up 6% from a year ago.

Domestic aspects: on the policy side,

India

To allow cotton exports again, China issued 800 thousand tons of imported cotton quotas, and the national development and Reform Commission said it would crack down on agricultural exports.

Excessive speculation and so on.

On the basic level,

Raw materials for textile enterprises

Stocks rose, wait-and-see sentiment increased and market turnover declined.

For all that

Due to the gradual decrease of lint resources, the tight supply pattern has been fundamentally changed.

According to the above news, cotton basic information is temporarily biased.

[market trend at home and abroad]

Domestic: zhengmian 1101 contract opened yesterday at 16820 yuan / ton, the highest in the intraday exploration of 16905 yuan / ton, the lowest down to 16795 yuan / ton, ending in

16825 yuan / ton, turnover reduced to 164690 hands, and positions decreased by 2952 to 174608 hands.

Abroad: the US cotton continuous price closed at 81.29 cents, or 0.51 cents, or 0.62%.

[

technical analysis

]

Internal disk: from the disk, cotton 1101 contract price yesterday after the final high, the volume and positions have been reduced.

From technology

The long-term trend of cotton is still strong, and it is estimated that it will still maintain a pattern of interval shocks in the near future.

In terms of operation, we should wait and see.

Aggressive short term traders can choose the operation of bargain buying at the same time, while paying attention to the important position of prices near 16800 and 17000.

External market: US cotton prices continue to shake up in the near future, with a concussion interval of 80.70-83.20 cents.

[today's operation recommendation]

On the basis of wait-and-see, aggressive short-term traders can choose the operation of bargain buying, while paying attention to the important position of prices near 16800 and 17000.