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US Cotton Strong Shock &Nbsp; Zheng Cotton Shock Down

2010/12/10 13:56:00 58

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Disk trend: 9 days

Zheng cotton

1109 the contract opened at 26850 yuan / ton, closing at 26345 yuan / ton, down 425 yuan / ton compared with the previous trading day, or 1.59%, increasing turnover to 1 million 836 thousand and 500 hands and holding 10908 hands to 236 thousand and 100 hands.

Message side:

1, the price of lint in Xinjiang is relatively stable, buyers and sellers are more recognised for the current price, buyers.

Purchase

The enthusiasm is higher, and the turnover is mainly made of grade 3 cotton.

In December 8th, the 3 grade lint mainstream trading price in Northern Xinjiang was 28500 yuan / ton, 28000 yuan / ton in southern Xinjiang, 5 yuan cotton in North Xinjiang, 25200 yuan / ton, 6 yuan price 24500 yuan / ton, but less turnover; 4 cotton linen price in southern Xinjiang was 25500-26000 yuan / ton, 4.5 grade traded at 25200 yuan / ton.

2, India trade minister Rahul Khullar said on Wednesday that India will decide next Monday whether to give cotton exporters more time to export and ship 5 million 500 thousand bales of cotton.

As the world's second largest producer and exporter, India allows exports of cotton between November 1st and December 15th.

However, the export volume of cotton exporters may be less than half of the target volume, which will further intensify global supply.

In 3 and December 8th, the quotations from the main ports of the imported cotton continued to be callback. The West African cotton, Australian cotton and Central Asian cotton fell by about 1.5 cents, while cotton and India cotton fell slightly, while Egypt's long staple cotton rose 5 cents.

With the passage of time, India cotton exports appear increasingly "not reliable", cotton producers and cotton enterprises can not hope for India cotton.

From the present perspective, it is difficult to meet both the forward shipment and the port spot.

Textile mill

Demand for cotton will remain strong before and after the end of the year.

Spot side: cotton index 328 price is 26769 yuan / ton, compared with the previous trading day rose 13 yuan / ton.

Warehouse Receipt Inventory: 84 registered exchange receipts, an increase of 11 copies compared with the previous trading day, with an effective forecast of 76 copies.

(each corresponds to 40 tons of cotton).

Main production area weather: in the next three days, affected by cold air, the northern region will be cooled by 4-8 degrees centigrade and accompanied by 4-6 winds. Among them, parts of Eastern Inner Mongolia, northern North China and Northeast China will be reduced by 10-14 degrees centigrade and 16-20 degrees locally. Some parts of Southern Xinjiang basin and Western Inner Mongolia and other places will have sand or floating dust. There will be sandstorms in Western Inner Mongolia. Xinjiang, Aletai, Inner Mongolia, Middle East and Northeast China will have small to moderate snow (rain) or sleet.

Affected by cold and warm air, there will be a precipitation process in the southern part of the country from west to East in the next three days.

Summary of the view: the US cotton has launched a strong concussion around 130 cents. The market is concerned about the USDA monthly cotton supply and demand report. The domestic economic data will be released ahead of schedule in November, and the interest rate increase is expected to make the market behave prudently. Policy control still uppresses the uplink space of cotton, and the spot price rises slightly.

Zheng cotton 1109 contract concussion fell, the price in the 27000 platform continued pressure, short-term test 26000 support, continue to shock trend.

Short term trading is the main operation.