Yongan Futures: Cotton Prices Are Strong As The Festival Approaches

"All the birds fly high and lonely.

Seeing two is not enough, only Jing Ting Shan.

Despite the close of the year, domestic and international commodities continue to grow.

Related markets:

On Friday, the US cotton futures closed down, dropping 464 points to 164.75.

On the 30 day, the price index of imported cotton fell by 4 cents to 190.97, the discount price was 32513, and the price difference between cotton and inner cotton was 3831 to M.

China's cotton price index rose 20 to 28682 in the domestic spot market, and the sale and sale of lint were stagnant.

Downstream yarn, 31 China Cotton Information Network caliber KC32S, JC40S rose 50, 100 to 36650, 43700.

Yarn turnover also basically stopped because of annual leave.

In terms of market matching, the contracts rose sharply, with a range of 518-866, of which MA1106 rose by 866 to 32200.

Match market forces remain.

Related news:

The textile industry prosperity index report shows that in the four quarter of 2010, the textile industry's prosperity index was 101.9 points (the standard of prosperity was 100 points), the prosperity index of the garment manufacturing industry was 99.8 points (the standard of prosperity was 100 points), and the prosperity index of the Chinese chemical fiber industry was 100.9 points (the economic standard was 100 points), and the prosperity index of three industries increased by 0.7 points.

At the same time, it points out that the early warning index of the three industries is in the "yellow light district" which indicates that the industry is running relatively fast.

According to the report analysis, in the fourth quarter of 2010, many indicators of textile, clothing manufacturing and chemical fiber industry continued to improve, and the output and sales revenue of major products increased rapidly. The total profit and the year-on-year increase were all increased. The profit margin of sales increased significantly, the cash withdrawal rate continued to accelerate, the deficit area continued to decline, and the amount of losses decreased significantly.

The national development and Reform Commission published an article on its official website yesterday, saying that in 2010, the economic operation of China's textile industry was basically stable, achieving the simultaneous growth of production and marketing, and the remarkable improvement in efficiency.

However, under the influence of multiple unfavorable factors, the economic operation of China's textile industry will remain stable this year.

According to the cotton farmers cooperative branch of China Cotton Association in December 2010, because of the sharp rise in cotton prices in 2010, the income of cotton growers increased significantly, and the planting intention in most cotton areas increased year after year.

However, cotton prices fluctuated greatly since November, and some cotton growers hesitated and wavered.

According to the weighted average calculation of cotton planting intentions of cotton farmers surveyed, it is estimated that cotton planting area will be 84 million 550 thousand mu in 2011, compared with that of the previous year, an increase of 9.8% over the previous year.

Technology watch:

Today, 1109 out of the big line, the shape continues to look good.

In terms of indicators, MACD, RSI and KDJ all show that uplink is continuing.

Outlook for future market:

Due to the contrast between the domestic and foreign forces in the futures market and the expected spot market's strong influence on the future market, Zheng cotton's strength has become a reality.

It should be remembered that the operation is strong and strong, while maintaining high attention to regulatory policy.

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