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Zheng Cotton Accelerated Up &Nbsp; Let Cotton Prices Fly For A While Before The Holidays.

2011/1/24 16:51:00 78

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Zheng Cotton Cotton Price Fly

Summary of the report:

1, ICE cotton closed at trading, analysts think cotton material will hit a new high next week.

2, India will consider increasing cotton exports.

3, the latest cotton released by the US Department of agriculture (USDA) on Friday.

Export sales

The report shows that as of January 13th, the United States sold 2010-11 cotton net sales in the year 191200, and 2011-12 cotton net sales 253000 packages.

The United States exported 322600 bales of cotton exports in 2010-11.

4. According to the latest statistics of the National Bureau of statistics, in 2010 1~12, the retail sales of clothing, shoes and hats and needle textiles in the enterprises above Designated Size amounted to 587 billion 400 million yuan, up 24.8% over the same period last year, including the single month in December.

retail

The amount reached 69 billion 700 million yuan, an increase of 27.3% over the same period last year.

Market Overview:

International:

Reuters 21 January - Intercontinental Exchange (ICE)

Cotton futures

Closing on Friday helped fund buying and speculative trading, and analysts believe cotton prices will hit a new high next week.

Cotton was the best performing commodity in the Reuters commodity index in 2010. It jumped more than 90% in one year and there was no sign of any weakening in this rally.

Cotton is now expected to exceed its 150 year historical high of 21 dollars per pound in December 2010 to 1.5912 dollars.

The ICE-3 cotton contract CTH1 rose 4 cents, triggering a daily limit of $1.5694 a pound and a daily low of $1.5372.

On January 21st, India agriculture minister Sharad Pawar said on Friday that India might consider allowing more cotton exports, because the cotton output in the market as of September will exceed the original estimate.

In the past few months, demand for cotton in India has surged in the past few months, as cotton producers in the world's second largest cotton producing countries expect to have a bumper harvest. However, other major producers such as China and Pakistan have cut production forecasts due to floods.

Domestic stock:

Recently, the cotton yarn market seems to have recovered somewhat. Textile mills are optimistic about the market after the Spring Festival, which has brought some support to the market.

However, some small and medium-sized textile factories are more concerned about the problem of capital. Recently, domestic cotton prices show a slight upward trend. Textile mills buy up or not, leading to a recent rebound in spot pactions, but with the coming of the Spring Festival, the market will gradually turn to light.

The purchase of textile mills also reflects the poor quality of cotton this year. It is very difficult to buy good cotton, which makes it difficult for textile mills to mix cotton, resulting in the rush of Xinjiang cotton.

Today, China's cotton price refers to (CCIndex328) 27901 yuan / ton, up 89 yuan, 527 cotton to plant average price 25833 yuan / ton, up 25 yuan.

Domestic futures:

On Thursday, January 21st, the New York Stock Exchange rose, affecting the opening of the CF1109 contract of zhengmian today. The morning market was driven by the bull buying. The platform formed a consolidation platform before noon, and the midday increments accelerated upward. The afternoon high position collates the center of gravity upward, and the daily line forms the Yang line.

CF1109 contracts concluded 784270 hands on the day, 25794 additional positions at the end of the day, 273588 hands at the end of the contract; 80302 contracts on the CF1109 contract day, 16 on the day, 64930 at the end.

Operation suggestion:

Recently, the price of Xinjiang cotton has been rising steadily, and the price of real estate cotton is relatively stable.

Affected by the approaching of Spring Festival and the influence of low temperature and rain and snow, the sales volume of the downstream fabric market gradually decreased, and the market atmosphere was slightly dull.

Yarn prices for downstream textiles remain unchanged.

On the operation, the midline trend is rising and rising in the short term; the uplink triangle has been completely broken through, rebounding more than 0.618 positions, there is no obvious pressure above, and the target is pointing to the new high.