Technical Callbacks Were Limited To &Nbsp; Zheng Cotton Did Not Go Short.

Summary of the report:

1, the price of dumping and storage has been reduced by 328, and the price has dropped by 380 yuan.

2, overnight profit margins after a record high after the fall

3, Xinjiang Awati new flower purchase price surprise 12 yuan / kg

4. By the year October 11, 2010, there were 390 cotton in the whole year of 2010 cotton. Processing enterprise According to the requirements of the cotton quality inspection system reform plan

Industrial cotton and notarized inspection, the inspection volume reached 499624 packets, 113165 tons.

Market Overview:

International:

According to New York October 12th, NYBOT Cotton futures Tuesday's close down was due to profit taking, the first time in more than a week.

NYBOT cotton contract in December fell 0.92 cents to 1.0958 dollars per pound. The market hit a 15 year high of $1.1238 overnight in overseas markets, which is also a high point in the day. The total turnover is 21339 hands, compared with 30 days average 19991 hand height about 7%.

Domestic:

suffer cottonseed Cotton prices continue to climb, and cotton companies continue to buy high prices to attract resources. Shandong seed cotton generally rose to 5.7-5.8 yuan / Jin, and other provinces were slightly lower. As seed cotton continues to rise, seed cotton middlemen are active. Most cotton enterprises insist on quick purchase and quick sale, while some enterprises take risks to suspend acquisitions.

The better lint made by cotton enterprises is four grade, and the selling price is 24000-25000 yuan / ton. 12, China's cotton price index (CC Index 328) 23485 tons, up 290429 cotton to plant average price 22982 yuan / ton, up 303.

Throw store:

In October 12th, the number of cotton reserves put into operation was 30093 tons, all transactions were completed; the highest transaction price was 24420 yuan / ton (net weight), the average grade was 329; the lowest transaction price was 22110 yuan / ton (net weight), the average grade 528 grade; the 328 class transaction price was 24035 yuan / ton (net weight), which fell 380 yuan from the previous day. Cotton reserves totaled 801632 tons.

Operation suggestion:

We believe that the fundamentals of cotton are still strong, and the probability of Zheng cotton's current callback is gradually increasing, but it is difficult to produce a large pullback and is still in the rising trend. On the operation, we suggest that we should make more profits and leave the market at the right time, or more or less.