Dongxing Futures: Yarn Price Continued To Rise &Nbsp, Cotton Rose Reasonably.

First,

Two. Analysis of important factors

News: the soaring cotton prices since September of this year have caused concerns of the relevant departments such as the national development and Reform Commission.

On the afternoon of November 8th, the seven departments of the national development and Reform Commission issued urgent notices and put forward six measures to maintain the current order of the cotton market.

External news: US cotton December contract closed 146.23 cents / pound, up 2.82%.

Domestic spot market: in November 9th, China's cotton price index (CCIndex328) was 29886, up 995 points.

The current price difference relative to the closing price of the 1011 contract is -2724 yuan.

In November 9th, China's cotton import price index (FC Index M) was 166.13, up 2.

The import cost is 28708 yuan / ton at 1% customs duty, and 29070 yuan per ton according to the sliding price.

Matchmaking deal: in November 9th, the cotton trading market of the national cotton trade reached 88540 tons, an increase of 58260 tons compared with the previous trading day, a reduction of 1960 tons of orders, and a total purchase order of 136800 tons.

Today, the market volume is reduced, and the concussion is rising.

MA1011 average price of 33980 yuan, up 1453 yuan.

MA1101 average price of 33509 yuan, up 916 yuan.

Main trend: according to the top ten positions, today's zhengcotton total contract ranks more than 10 in the first 9034 positions to 9034 hands to 111175 hands, shorting 3115 to 85901 hands.

Net more than 25274 hands.

Today, the main force is long and there are many admission, while the main force of the main grain futures continues to cut.

Changes in warehouse receipts: today's Zhengzhou No. 1 cotton warehouse list is unchanged, with 1 warehouse receipts and 69 effective forecasts.

Three. Technical analysis

Cotton 05 contract: today's intraday amplitude is larger.

The highest point is 33515, the lowest point is 31960.

For technical indicators, RSI goes flat; KDJ goes down; MACD goes up, and red columns zoom in.

Today's record high.

The main force continued to shift its position 1109.

Four, investment proposals

Today, cotton prices continue to rise under the stimulation of yarn prices continue to rise.

From the perspective of industrial chain, the downward pmission of cost effectiveness will be more profitable.

After short-term cotton prices rose, the United States cotton has also surged to a high of 150 cents.

Zheng cotton and Mei cotton rose to double the market.

In the long run, the market still hopes to continue its upward trend.

But cotton farmers' subsidies in the future may become potential negative.

On the operation, it is suggested that investors should wait and see for a short time.