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The Process Of Cotton Opening Green And Falling Again

2011/1/5 15:47:00 77

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Zheng Cotton Deal

4 day market conditions:

"Layer forest overlapped dark things, mountains turn to the post circuit more fans".

On the first day of the new year, there are many varieties of red.

cotton

Open the door green.

In the case of low cotton prices in the US and the weakening of internal strength in the cotton futures market, the cotton futures market today showed a downward rebound rebound process.

All day trading continued to shrink, 1109 only traded 598186 hands, holdings slightly increased 3976 to 227588 hands, ended 1109 down 70 points to 28145.

Related markets:

Last Friday, the US main cotton lost the Chinese market trading guidelines and the market continued to decline. The main contract ended in March, rebounded and fell 261, closing at 142.2.

China's cotton price index rose 8 to 27516 in the domestic spot market, and the spot purchase and sale of cotton continued to be depressed.

On the 31 day of import cotton, the M index rose 0.62 to 172.21, and the discount price was 29369.

The price of yarn is stable, but the turnover is not good.

Today, the market rebounded slightly, within two digits, and MA1106 rose 90 to 28045.

Related news:

The foreign exchange management system is further promoted to promote export earnings outside the country.

Last weekend, the State Administration of Foreign Exchange announced that in order to improve the efficiency of capital utilization of domestic enterprises, further facilitate trade facilitation, and support domestic enterprises to "go out", according to the relevant provisions of the regulations on foreign exchange control of People's Republic of China, the safe issued the circular on the implementation of the management of export earnings for overseas storage ([2010]67, hereinafter referred to as the notice), and decided to implement the Interim Measures for the storage and export of goods trade revenue from the beginning of January 1, 2011, and its operation rules.

China logistics and purchasing Federation announced 1, December 2010 China

manufacturing industry

The purchasing managers index (PMI) was 53.9%, down 1.3 percentage points from last month, and the index also fell for the first time in nearly 5 months.

In the 20 industries, 14 industries, such as pportation equipment industry, electrical machinery industry, metal products, beverage manufacturing and so on, PMI are higher than 50%, and chemical fiber, textile, chemical raw materials and other industries are less than 50%.

This data reflects the fact that China's textile industry did fall back in December.

The national development and Reform Commission released today's anti price

MONOPOLY

"Regulations" prohibit competitors with competitive relations from reaching eight fixed price agreements.

(1) fixing or changing the price level of goods and services (hereinafter referred to as commodities); (two) fixing or changing the amplitude of price changes; (three) fixing or changing the charges, discounts or other charges that affect the prices; (four) using the agreed price as the basis for pactions with the third parties; (five) formulates the standard formula for calculating the price; (six) making an agreement that the other operators without the agreement of the agreement can not change the price; (seven) fixing or changing the price in other ways, (seven) fixing or changing the price in other ways; and (eight) other price monopoly agreements identified by the price department under the State Council.

French textile daily reported recently that according to the economic observer of the French Fashion Institute, 2010 is the turning point of the global textile and garment industry. While the international trade continues to be affected by the economic crisis, the European textile and apparel Buyers have made new changes in the global procurement layout due to the rising price of Chinese textiles.

According to the USDA report, as of 23 December last year, the US cotton finished 3 million 79 thousand tons of export contracts, completed the contract, accounted for 92% of the total export, and the remaining unsigned volume was only 341 thousand tons.

China has completed the contract volume of 1 million 56 thousand tons, shipment of 343 thousand tons, and no shipment of 713 thousand tons.

ICAC released 11 years' forecast of supply and demand in January. In the 11 years, China's initial cotton inventory was 2 million 940 thousand tons, 6 million 400 thousand tons of output, 9 million 820 thousand tons of consumption (47 thousand tons), 3 million 200 thousand tons of imports and 2 million 720 thousand tons of final stocks.

Technology watch:

1109 out of the small Yin line, although the form did not show a fall, but reflected that the rebound kinetic energy is limited.

In terms of technical indicators, MACD and RSI showed weakness in the market and KDJ showed uplink.

The situation is somewhat blurred.

Outlook for future market: {page_break}

Generally speaking, the cotton futures market has not yet gone through the consolidation and shock after the callback, and the low consumption of downstream products is the biggest factor restricting the upward trend of prices.

Operation, if you look at a longer time, not afraid of set, you can try to build multi warehouse, but it is best to establish relatively favorable position in the line.