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Ruida Futures: Zheng Cotton Closed At &Nbsp, And Entered The Adjustment Pattern.

2010/11/12 13:33:00 49

Disk trend: 11 days

Zheng cotton

1105 the contract opened at 31670 yuan / ton, closing at 31345 yuan / ton, down by 1650 yuan / ton compared with the previous trading day, or 5%, the volume dropped to 247 thousand and 600 hands, and 1105 positions were reduced by 26822 to 266 thousand and 600 hands.

Message side:

1, the National Bureau of statistics statistics, in October, the total retail sales of social consumer goods maintained a rapid growth of 14285 billion yuan, an increase of 18.6% over the same period last year, down 0.2 percentage points from September.

The above quota enterprises (units) clothing shoes and hats and needle textiles retail 58 billion 100 million yuan, an increase of 32.6% over the same period, an increase of 5.9 percentage points over September.

2, the US Department of Agriculture reported on November that as the world's cotton stocks fell to its lowest level in 15 years, the main cotton importers are now fearless of cotton prices and are trying to replenish their stocks.

At the same time, India cotton export policy is erratic and many importers are buying cotton.

In the first 3 months of this year, US cotton sales suddenly increased to the highest level in history.

Total export volume

Expected to reach 3 million 430 thousand tons, which is likely to lead to the end of the U.S. cotton stocks fell to the lowest level since 1925.

In 3 and November 10th, the price of China's main port of import cotton rose by 5 cents on the basis of the good news of the USDA monthly report. The total price of the discount RMB was 30000 yuan / ton.

Spot side: cotton index 328 price is 31302 yuan / ton, compared with the previous trading day rose 441 yuan / ton.

Warehouse Receipt Inventory

The registered warehouse receipt of the exchange was 33, an increase of 32 pieces compared with the previous trading day, with an effective forecast of 46 copies.

(each corresponds to 40 tons of cotton).

Main production area weather: in the next three days, affected by cold air eastward shift, the eastern part of Northwest China, North China, Northeast China, Inner Mongolia, Huang Huai, Jianghuai, Jianghan and other places will have 4~8 degrees Celsius to cool down, and the local temperature can reach 10 degrees Celsius. At the same time, there are small to moderate snow (rain) or sleet in the middle and eastern parts of Inner Mongolia, northern Hebei and eastern North China, among which parts of southeastern Inner Mongolia, northeast, central and southern parts of China are heavily snowstorm.

Summary of the view: the US cotton has dropped sharply, and the US cotton has dropped sharply. The seven departments of the NDRC and the other seven departments have been demanding to investigate and raise the cotton price behavior. The central bank has raised the deposit reserve ratio, and the policy adjustment has put pressure on the market. The domestic cotton market has maintained a tight supply and demand pattern, and the spot price has continued to rise. This may limit the cotton adjustment space. Zheng cotton 1105 contracts closed down, and the price dropped rapidly after the price fell. The short-term test was supported by 30000 front-line support, the high level of turbulence intensified, and entered the adjustment pattern.