The Market Is Hot &Nbsp; Rational Look At The Future Market.

4 cent stubbornly limit market remains hot

Last night, the US dollar continued to go down sharply in the international market, and there was a slight division of commodities. Among them, farm products were strong, industrial products were at a high level, and the soft goods market continued to hit a high level. ICE cotton was 4 tenacious, and the main force was closed at 114.87 cents.

Overnight international market A series of data released by the United States does not seem to convey a signal to the market. The figures released by the US Department of labor show that the number of jobless claims increased by 13 thousand in October 9th to 462 thousand in the early week of the United States, which is expected to be 445 thousand. According to figures released by the US Department of Commerce, the US trade deficit expanded by 8.8% in August to $46 billion 350 million, which is expected to be US $44 billion. However, data released by the US Department of labor showed that the US producer price index (PPI) rose for the third consecutive month in September, further easing the Fed's concern about inflation. The above is further strengthened, and the probability of easing the monetary policy of the US Federal Reserve in the later period is enhanced again. Fundamentally speaking, yesterday's international market is widely rumored that India may extend the export time of cotton to January 1st next year, and plans to export 170 thousand tons per month, and China's daily trading is on the rise. Production worries are increasing. In 1995, the historical record of 117 cents is expected to break, and ICE cotton will expand to 5 cents tonight.

Cotton was opened up sharply after the opening yesterday, except for November, all of which were closed to the daily limit, closing to 25 thousand in January, increasing in positions, frequent turnover at high positions, and the emergence of short positions. The two meeting of the cotton trade association released on the same day, the two meeting of 13 and 14 days, the market still had a strong bull market. The average price of yesterday's dumping market was 22493 yuan, down 646 yuan, and continued to decline for three trading days. It is expected that cotton will continue to take the lead and pay close attention to the market change of seed cotton purchase caused by tight loans issued by the agricultural development bank. Zheng On the operation, we should improve the risk awareness, and strictly keep the stop loss. (pioneering futures Dong Shuangwei)

　　 cotton High rises continue, pay attention to adjust positions.

ICE cotton futures rose sharply on Thursday, and the most active December contract rose 4 cents to close at $1.1487. ICE cotton futures on the one hand are still supported by China. Yesterday, the price of Chinese cotton futures closed on the whole, which further stimulated the rise of US cotton prices. The continued weakening of the US dollar also supported the price of cotton, including the price of cotton, so that the ICE cotton period rewrote 15 new high points. At present, from the cotton market, the purchase is too flourishing, and the selling market is short. Although the market has many advantages and basic support, such speculation makes the price rise, and also makes people worried about the risk of cotton market. But in any case, cotton is still strong in technology.

The domestic market of Zhengzhou cotton and electronic matchmaking also showed a sharp rise. Zheng cotton futures The spot price has been basically priced at the current stage, and the spot quotation is also higher day by day. It also makes textile enterprises hard to deal with and purchase. From the point of view of spot prices, the rally is still continuing. On the other hand, the price transfer from cotton to cotton also has some problems. The Agricultural Development Bank also hints at risk, giving the spot price relatively lower than the standard cotton loan risk control line, and strictly checking the loan. Recently, the NDRC warned cotton speculators not to push up the cotton market. At present, various aspects also feel that market risks are increasing and there are some negative factors. But objectively speaking, cotton is still on the rise, and in all aspects of the situation, we should pay attention to the risk of adjustment in the current operation. (Haitong futures Zhengzhou Sales Department Zhang Jianwei)

China's purchase has made the US cotton renewed again for 15 years.

Due to the 14 day of China zhengmian daily trading, the momentum of Chinese enterprises to buy Cotton outside the United States is expected to increase, prompting a substantial increase in ICE cotton in the Asian session, followed by Zhengzhou cotton, which is closed all day, and the contract in December has gained 4 cents to 114.87 cents / pound. At present, China's purchase has become the main driving force for the rise in cotton prices. However, there has been no significant change in cotton holdings during the ICE period. The fund may seize the opportunity to sell more single profits to Chinese buyers. The Chinese buyers will undertake the last bar of the cotton price rise. But when the market is going crazy, it is suggested that we should rationally treat the market, cautiously rising and paying attention to the historical high pressure level of 117 cents / pound.

Technically, the ICE cotton backing continued to rise sharply on the short-term average. The December contract challenged 117 cents / pound historical high pressure level, the average system maintained a good long rise, while the KD and MACD index continued to rise in a long way. The MACD index rose, and the rally is still expected to continue. The 117 cent / pound will take the challenge, and it is advisable to keep the ICE stage cotton bullish and cautious.

Although the Xinjiang Autonomous Region government plans to regulate the price of overheated seed cotton, it is possible to form a joint investigation team in recent years, while the government's regulatory pressure on cotton prices still exists, but this does not inhibit the rising trend of zhengmian. The domestic zhengmian Thursday renewed its trading limit again, and some of them took the opportunity to leave. But with the increase in cotton prices and the pressure of selling and selling, the textile enterprises have limited bearing capacity. In November, when the new cotton market and imported cotton came to Hong Kong in large quantities, the market was faced with the pressure of callback. Therefore, although Zheng cotton maintained a strong pattern, it could not be changed, but it could not catch up. 24280, it was more than just losing support. A company with a profit of cotton can sell 10% of its value above 25000, and the acquisition enterprise controls the progress and inventory of the purchase so as to control the risk.