Home >

It Is Hard To Say When The Outer Cotton Will Be Released.

2010/12/7 11:20:00 45

??? 日本語 Fran?ais English 中文

6 day market conditions:

"It's hard to be water after all, but not Wushan."

After experiencing the turbulence of the previous sharp rise and fall, today

Zheng Qi cotton

Last Friday, when the US cotton futures trading and the domestic spot market continued to rise, the contracts still had their beginnings and ends.

The main 1109 ended slightly increased 165 to 27020, 1861900 in turnover, 24770 to 243704 in positions, 1105 in 205, and 26910 in turnover.

The golden section of the big fall, the 0.382 pressure line, obviously has an impact on the price trend.

Related markets:

Affected by the rise of US stocks and China's cotton market, last Friday, the US cotton futures showed a trend of daily trading. The main contract in March ended up 600 points at 132.34, and the US cotton futures recovered nearly 70% in the early period.

Cotton price

Index continued to rise, rose 149 to 26500; imported cotton, the 3 FCINDEXM index rose 3.48 to 156.87, the discount sliding quasi tax 26828; the national cotton purchase, the paction continued to sluggish, the price stabilized, 3 seed cotton price in 5.8 yuan / kg; yarn prices, 3 days to return to the fall, KC32S, JC40S respectively fell 1000, 300 to 300 and 300; today, matching the market, prices generally fell higher, the decline is smaller.

Fundamentals:

The Political Bureau of the CPC Central Committee held a meeting in December 3rd to analyze and study the economic work next year.

The meeting pointed out that we should correctly grasp the new changes and characteristics of the situation at home and abroad, take the theme of scientific development as the theme, accelerate the pformation of the mode of economic development as the main line, implement the proactive fiscal policy and prudent monetary policy, enhance the pertinence, flexibility and effectiveness of macroeconomic regulation and control, speed up structural adjustment, vigorously strengthen independent innovation, earnestly improve energy conservation and emission reduction, constantly deepen reform and opening up, strive to protect and improve people's livelihood, consolidate and expand the response to the impact of the international financial crisis, maintain steady and rapid economic development, and promote social harmony and stability.

We should improve the market control plan and continue to rectify and standardize the market price order.

The national development and Reform Commission pointed out that rectifying the order of the cotton market achieved initial results, and cotton prices fell by 15.2% over the month.

The following measures have been adopted.

First, organize market inspections.

It is to strengthen cotton quality supervision.

Three is to speed up cotton distribution.

December 6th, part of Wucheng county and Xiajin County of Dezhou

cotton

Enterprises began to buy in the countryside. The purchase price of grade 4 seed cotton was about 5.60 yuan / kg, and the purchase price of slightly better quality was around 5.80 yuan / kg, up 0.20 yuan / Jin compared with last week.

The local 4 grade lint sale quotation is stable at 26000 yuan / ton, most textile enterprises have stock in hand, sales of cotton yarn is still slow, and textile enterprises are still waiting to see that the enthusiasm for purchasing lint is not high.

The US analysis firm Informa expects us cotton sown area to be 74 million 115 thousand mu in 2011, the highest level in four years, up nearly 12% over the same period last year.

Affected by rising export costs and reduced demand for major export markets, Australia's cotton exports in October were only 20 thousand and 700 tons, a decrease of 50% over the same period, down 31.7% from the same period last year, the lowest level in the past 6 months.

Among them, the volume of exports to China dropped to 1516 tons, down 75.6% from the same period last year, the lowest record in the past 19 months.

A large international cotton trader said that the price of cotton processing plants and suppliers in India increased significantly after the price was rushed up to 28500 yuan / ton (sliding tax net weight quote), and only 6000 tons or more were shipped in December and January.

Today, the yarn Market in Shaoxing district is scarce, and there is no market price.

32S knitting mainstream 33000-34000 yuan / ton, 32S combing mainstream price of 40000 yuan / ton.

Technology watch:

Today, 1109, today, out of the shadow line with a longer shadow, the price rises down to the 0.382 golden section of the fall.

Technical indicators MACD green column continues to shorten, tends to 0 lines.

RSI slightly flatten, KDJ continues to cross up, but the J line has already reached the top.

The position of multiple warehouses and empty warehouses has increased, but the range of multiparty addition is obviously greater than that of the empty side.

Outlook for future market:

On the whole, the rebound will fall into line with the 0.382 line of golden section, and the fall will become a reality.

Fundamentally speaking, the current cotton market regulation policy is still in the stage of implementation. It is hard to say when to quit.

In addition, Xinjiang cotton concentrated efforts to import and export cotton concentrate to Hong Kong, and the textile enterprises near the Spring Festival slowed down production capacity and other factors.

Therefore, it is more likely that the market will sustain 25000-28000 shocks.

Small amount of operation is appropriate.