Zheng Cotton Slightly Increased By &Nbsp, While External Strength And Internal Weakness Were Obvious.

　　 Disk trend: today, Zheng cotton 1109 contract opened 27795 yuan / ton, closing at 27845 yuan / ton, compared with the previous trading day rose 115 yuan / ton, or 0.41%; turnover reduced to 1 million 218 thousand and 900 hands, positions reduced 10812 hands to 241 thousand and 100 hands.

Message side:

1, the US Department of agriculture (USDA) latest cotton export sales report shows that as of December 9th, the 2010-11 year of the United States cotton Net sales of 190400 packages; 2011-12 cotton net sales of 57600 packages. The United States exported 305200 bales of cotton exports in 2010-11.

2, according to the National Bureau of statistics, 1-11 months of yarn production totaled 24 million 860 thousand tons, an increase of 14.8% over the same period last year. In November, the yarn output was 2 million 470 thousand tons, an increase of 9.8% over the same period, an increase of 2.9% over the same period. Cotton production increased 6.2% in the same month, and the growth rate was 5.6 and 1 percentage points lower than in September and October respectively. In the same period, the growth of chemical fiber and cotton blended yarn increased rapidly. The increase in November was more than 22% in the same month, and the proportion increased by 3.2 percentage points.

3 and December 16th were affected by the fall in ICE cotton futures prices. Imported cotton China's main port quotas have declined, of which Brazil cotton has the largest decline, exceeding 500 yuan / ton.

Spot side: cotton index 328 price is 27199 yuan / ton, compared with the previous trading day rose 57 yuan / ton.

Warehouse Receipt Inventory: the registered warehouse receipt is 102, which is flat compared with the previous trading day, with an effective forecast of 129. (each corresponds to 40 tons of cotton).

Main production area weather: the influence of cold air on China tends to end, and the temperature will gradually increase in most parts of the country. In the next three days, the range of precipitation in China is small. There are small to moderate snow or snow in some parts of Western and northern parts of Xinjiang, the northeast of Inner Mongolia, the north central part of Northeast China, the eastern part of Tibet and the Western Sichuan Plateau. Among them, 19 days, there are heavy snow in some areas of Yili Valley and northeast Heilongjiang.

Summary of Views: driven by speculative buying, American cotton Once again, it rose to a close to the 150 cent mark of the previous high point. Domestic policy regulation still suppressed the upward trend of Zhengzhou cotton price, and cotton market showed strong external weakness, and spot prices continued to rise slightly. Zheng cotton 1109 contract closed slightly higher, the price is located in the 5 day line finishing, the top 28000 continues to bear pressure, continue to shock trend. Short term trading is the main operation.