The Main Production Area Is Weather &Nbsp; The Historical Record Is Refreshed.

The 5 cent expansion of the board is still unimpeded.

Overnight international market suffers

On the international side, the second-hand housing sales report released by the US Real Estate Broker Association (NAR) last month showed that the number of second-hand housing sales increased by 10% in the month, which rose second over the second consecutive months, while exceeding the market expectations. At the same time, the overall downward trend of the US dollar exchange rate and the expectation that the US government may adopt a new round of economic stimulus measures pushed the international commodity market strong last night, although the US dollar rebounded at the end of the market.

As for cotton, as of October, 24 cotton harvest rate was 53%, 19% in the same period last year, and 36% in 5 years. It is reported that the United States has harvested all the new cotton, and there is no solid market pressure on the ICE cotton, which is expected to continue to rise in the future.

Zheng cotton yesterday opened soon after all the contracts were sealed up, the positions showed that new members continued to intervene, and there was a short cut in the seats. The market did not end, and all parties on the spot expected to increase production this year. A large textile enterprise in Shandong yesterday raised the price of 3 grade cotton to 26800 yuan, and the cotton main force continued to move closer to 27000/28000.

Operation upward trend, do not have to overpredict the price, homeopathic operation is appropriate.

(pioneering futures Dong Shuangwei)

Benefit from China's support

ICE cotton futures rose sharply on Monday. The December contract rose 500 points to close at 1.2471 U.S. dollars, and the market is still hyping the weather in Dezhou and China's demand.

Hailstorm hit the main cotton producing area in Western Texas last Friday. The market worried that the adverse weather would seriously damage the cotton production in the area, and the market continued to hype the Chinese factors. The output of China due to the weather was greatly reduced. This will lead to more cotton imports in China. The latest data show that China's cotton imports in September increased by 97% over the same period last year, and the total import volume of cotton in the first 9 months increased by 99.7% over the same period last year.

China's cotton demand is strong, textile mills continue to buy, making cotton supply more tight, which has supported ICE cotton futures rose to a record high after the civil war, and is expected to go up again.

Domestic textile enterprises once again purchase the price of naughty cotton, which also drives spot prices to rise. Although enterprises are more worried about the risks of the future market, the profits of downstream enterprises are squeezed or even lost.

Although domestic and foreign cotton prices are soaring, textile companies have not stopped buying, and the quality of cotton resources in the market is relatively small, which may cause some panic buying. The price of zhengmian futures has been rising continuously, and the contract price has reached 28000 in recent months.

(Haitong futures Zhengzhou Sales Department Zhang Jianwei)

ICE cotton for two consecutive days

Due to a storm in Dezhou and a sharp rise in cotton prices in China, consumer purchases from China in the Asian session, even though ICE cotton was again trading on a daily basis, were closed on the 26 day of the day, and the December contract closed 5 cents to 124.71 cents / pound again.

At present, consumer buying is the main force of a long majority, and the excessive price of cotton inside and outside causes some textile enterprises to increase the purchasing power of imported cotton, which will support short-term market. ICE cotton is expected to maintain strong strength under the support of fund and consumer buying.

But at present, the market is facing pressure from the fund to make profits. At the same time, the excessive purchase of imported cotton by textile enterprises will inhibit its consumption of domestic cotton. In 11 and December, the overall market will enter the sales period. Cotton imports are concentrated in Hong Kong, and cotton prices are still facing the pressure of callback.

Technically, the ICE phase of cotton trading has reached a record high, and cotton prices have stabilized steadily on the short-term average. The average system has maintained a good long run. The KD and MACD indexes continue to rise in a long way, and the rally is expected to continue. It is suggested that the bulls should continue to hold more orders. The 117 us mark / pound historical high point will be changed from pressure to support, so long as the support is not broken, the rally will continue.

At present, many textile enterprises recognize China's production reduction and world supply shortage in 2010/11, and seize resources as the main purpose of textile enterprises at present.

At present, the price difference between imported cotton and domestic cotton is less than 2000 yuan / ton. Textile enterprises increase the purchase price of international market and push up the international cotton price. While Zheng cotton market investors take ICE cotton as the weathervane and the internal and external cotton linkage rises, so before the Chinese consumer purchase fails, the cotton price rising trend will continue. It is not recommended to predict the top of cotton price, keep more thinking and hold more cautiously, gradually increase the stop loss price, continue to buy Zheng cotton on every callback, pay attention to the change of US cotton holdings, so as to determine the trend of consumer buying.

(Wanda futures Urumqi Sales Department Du Ying)