People Say ICE Cotton: ICE Cotton Refresh 15 Years High

High export activity is extraordinary. ICE cotton Pull up sharply after adjustment

Last night international market The fluctuation of commodity market led to an increase in the number of soft commodities. ICE cotton benefited from the blowout of export contracts. The price rose again by 2 cents, the highest 96.49 cents, and a 15 year high.

Overnight international data, the latest U.S. data show that employment prospects have improved, manufacturing expansion for thirteenth consecutive months, other economic data also show that the U.S. economy is growing steadily, but the current focus of attention is: two days of congressional hearing, whether the market will pay attention to the RMB appreciation through the bill, and last night, U.S. Treasury Secretary Geithner called for a substantial appreciation of the RMB, today or see, but the author analysis, recent RMB The US dollar has accelerated its appreciation against the US dollar. Yesterday, it was a new high of 6.7181 since the reopening of foreign exchange, and the statement of the US Treasury secretary was more consistent with the intention of the Obama administration. As a bargaining chip in the upcoming mid-term elections, it showed a little probability. Once passed, it was not only a loss to China, but also to the United States.

Cotton export weekly data show that as of September 9th, the week signed 129 thousand tons this year, reaching a record high of 58 thousand and 100 tons per year, and the new year has also reached 58 thousand and 100 tons. This shows that the current high level has not blocked the pace of signing the US cotton export contract, but it has started nearly 1 million 600 thousand tons at the beginning of the more than 40 day. The completion of the annual 3 million 266 thousand ton export forecast task is not difficult at all. Do not forget that the largest import market in China this year is only about 500 thousand tons in the current year, and the latter will inevitably import large quantities. Based on this, the future space for us cotton will also be extremely limited. Therefore, the ICE cotton market will attack 100 cents in the future and even break the higher record of 95 117.2 years. Basically, the beauty of USDA.

Zheng cotton yesterday opened up to explore, the afternoon tenacious rebound, intraday exchange of hands, all the way to increase positions, in the current domestic weather is not good, production worries increase, and throw in storage, spot trading price in 20 thousand yuan, cotton futures will still be a good opportunity to buy in the market, yesterday cotton reserve delivery fold 328 average price of 20464 yuan, compared with the previous day, 27 yuan, the highest 20790 yuan, the lowest 18000 yuan, the pre holiday margin increased, for the huge deficit of the more unfavorable, in fact, yesterday's disk gave it the opportunity to cut. We can still buy on the bottom of the bargain, raise the margin before the holiday, and control the risk of capital well. (pioneering futures Dong Shuangwei)

Strong export ICE cotton refresh 15 year high

Overnight USDA export weekly showed that as of September 9th, the US cotton contract signed 129 thousand and 300 tons of cotton this year, signed 58 thousand and 100 tons of cotton exported to 2011/12, and the total contracted export volume reached 187 thousand and 400 tons, the largest export volume in 05 weeks since April. China only signed 22770 tons, and Mexico, Columbia, Brazil and other countries are the main importers. From this point of view, the world can maintain a strong consumption, this stimulus fund continues to buy cotton, overnight ICE cotton in the fund and consumer buying double support to reverse the day before yesterday's sharp rise in the fall, the main contract in December to 2.14 cents to 95.76 cents / pound, the 1 dollar integer pressure position is already in sight. With tight resources and strong consumption, it is not too difficult for ICE cotton to break through the high price of $1 / ton.

Technically, the ICE phase of the cotton harvest is far from the support of the short-term average, while the average system keeps a good long run up. The KD and MACD indexes continue to rise in the overbought area. The MACD index continues to grow, and the long-term upward trend will continue. It is expected that the ICE stage cotton will reach a strong pressure level of 97 cents / pounds this week. It is recommended to watch the ICE stage cotton cautiously and pay attention to the pressure of 97 cents / pound on cotton price.

Zheng cotton was once a callback under the pressure of more than one profit, but the benefit of seed cotton purchase price continued to rise, and the short selling confidence was mainly insufficient. At present, the purchase price of seed cotton in Xinjiang is about 9.2 yuan / kg, and the cost of lint cotton is about 20600 yuan / ton. Although the high price causes some enterprises to stop collecting, the probability of falling down is relatively small, which will support the cotton price. It is expected that with the rise of ICE cotton, Zheng cotton is expected to stop rising on Friday, and the 1105 contract is expected to challenge the integer pressure level of 20000 yuan / ton again. It is recommended to keep a long way of thinking. 19300 yuan / ton lost 1105 contract loss.