The Policy Cost Is Bidirectional Extrusion &Nbsp; Zheng Cotton Is In A Quagmire.

1, ICE cotton futures closed on November 29th, but the market outlook is down.

2, as of November 28th, cotton harvest rate was 91%, the previous week was 86%, the same period last year was 80%, five years mean 81%.

3, by the year November 28, 2010, there were 1336 cotton processing enterprises in the whole year of 2010 cotton processing cotton according to the requirements of the cotton quality inspection system reform plan and the notarization test. The inspection volume reached 6224181 packages and 1411807 tons.

Market Overview:

International:

According to the news of Chicago on November 29th,

Domestic stock:

Spot market part of the textile enterprises slightly purchase intention, there are small quantities of procurement, but cotton enterprises reluctant to sell emotions are strong, the market turnover is still scarce.

At present, the selling price of cotton enterprises has been upside down, the purchase quantity of processing factories is quite small, and there are only 100 catties per day, and the purchase and sale are still in a stalemate.

The price of seed cotton is mostly below 5 yuan / Jin, and the market is generally four class, with no three grade.

On the 29 day, China's cotton price index (CC Index 328) 26289 tons, fell 392429 grade cotton to plant average price 25723 yuan / ton, fell 380.

Domestic futures:

In November 29th, the New York Stock Exchange fell on Friday. The main contract of Zheng cotton was opened today. Early trading in the bull market led to a higher price for the next period. The end of the session was adjusted by the closing position, and the daily line formed a positive line.

The CF1105 contract concluded 463634 hands on the day, 10712 on the day, and 152846 at the end of the contract. The CF1109 contract day was 1937030 hands, the second hand was 16070, and the final position was 218450 hands.

Operation suggestion:

Recently, the Zhengjiao exchange has issued notices to increase the proportion of cotton trading margin and strictly control cotton abnormal pactions, resulting in Zhou Mozheng cotton shrinking.

News of the new control of speculation on the exchange has negative impact on futures, and there is still room for a fall in the price.

It is suggested that the empty list can continue to be held and pay attention to the 24350 line.