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MEIKO Futures: Cotton Traders Are Optimistic About Post Market Quotas And Investors Control Positions To Welcome The New Spring.

2011/1/28 9:54:00 83

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Overnight, USDA announced last week's US cotton.

Exit

The report shows that textile mills are still actively purchasing, and the volume of land cotton has reached a record high this year.

Stimulated by the news, ICE cotton futures touched a limit of 6 cents, and the historical record was revised to 172.83 cents, but at the end of the session, it was hit by profit taking.

Cotton price

Gains have shrunk.

Because of China

Spin

The factory will have a holiday during the Spring Festival, so the spot market will be in a calm state, and ICE futures will need to be adjusted after it continues to boom.

On the news side, USDA released 2011.01.14-20's US cotton export report.

On the whole, the contract remained active and the volume of freight traffic reached a new high this year.

In the week of 2010/11, the net export volume of US cotton was 59 thousand and 300 tons, up 37% from the previous week.

The net export volume of us upland cotton in 2011/12 was 54 thousand tons.

The export volume of us upland cotton exports is 82 thousand and 200 tons, the highest in the year, up 12% from the previous week.

2010/11 signed 4 thousand and 500 tons of Pima cotton net export contract.

2011/12 signed 3 thousand tons of Pima cotton net export contract.

The export volume of Pima cotton is 7 thousand and 300 tons.

In the international market, in January 27th, the price of China's main port of import cotton rose by 5 cents in total, and the total price of the port was thirty-three thousand.

With the coming of the festival, the cotton market has been significantly reduced, and the import cotton market has also calmed down a lot.

At present, the spot market in India is active, and prices of various varieties are strong.

India Southern Textile Mills Association predicts that although the new cotton market is proging faster, India cotton production this year is only 5 million 253 thousand tons, which is lower than the India Cotton Advisory Committee's prediction of 5 million 593 thousand tons.

In the domestic market, approaching the Spring Festival holiday, the cotton spot market has gradually entered various holidays and is basically in a state of no market price.

According to some textile enterprises, they still insist on enquiries due to the price increase after years, but the overall purchase and sale is light.

It is also understood that cotton yarn prices gradually stabilized after rising 1000 yuan / ton, and the market turnover was relatively general. Textile enterprises in Henan, Shandong and other places were closed down for a holiday.

Spot quotation. In January 27th, the price of C/A cotton in the United States was 198.30 (cents / pound, the same below), and the general port trade delivery price was 33724 yuan / ton (calculated according to the sliding tax).

Australia cotton quotation is 197.10, discount general port trade port delivery price 33538 yuan / ton.

Uzbekistan cotton quotation is 218.35, discount RMB general port trade pick up price 37060/ tons.

The price of West African cotton is 200.85, and the price of general port trade for RMB is 34139 yuan per ton.

The national cotton price A index was 29472 yuan / ton, up 55 yuan; the B index was 28675 yuan, up 102 yuan.

Market analysis, overnight overnight rewriting the highest record, but the Chinese Spring Festival approaching the spot market will become calm, technically need a little rest.

Zheng cotton 09 contract strength, the average is a long trend in good alignment.

Operation suggests that pre - season control positions can be reduced by more than a single profit or close out, so as to avoid the risk of long vacation.