Hongyuan Futures: Zheng Cotton Will Be Limited In Recent Months.

2011/2/14 17:07:00 52

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Hongyuan Futures Co.Ltd.

1. domestic price and index: 129 level 30500 (+332) yuan / ton; 229 level 29980 (+300) yuan / ton; 328 level 29099 (+240) yuan / ton; 428 level 28549 (+293) yuan / ton.

2. international cotton prices: in February 11th, the international cotton index (SM) 218.13, up 604 points, the general trade port delivery price 36684 yuan / ton, the international cotton index (M) 215.55, rose 599 points, the general trade port delivery price 36252 yuan / ton.

3. textile prices:

Psf

14700 (+0) yuan / ton; viscose staple fiber 2720 (+200) yuan / ton; C32S price 37400 (+200) yuan / ton.

4. spot market: domestic cotton spot prices continue to rise, textile enterprises inquiry increases, but cotton farmers and

Cotton merchant

The psychological growth of reluctant sale has not yet been amplified in seed cotton purchase and lint trading, and many regions are in a state of no market price.

As the price of cotton rose sharply, downstream enterprises actively planned to raise the price of cotton yarn, so as to digest the increase of raw material cost.

At present, the external market situation is relatively high, and the optimism of enterprises is improving. The cost of raw materials is expected to flow smoothly downstream.

5. international cotton: in February 11th, the Minister of agriculture of India revealed that India cotton export quota might increase by 1 million 700 thousand packages (289 thousand tons) on the basis of the existing 5 million 500 thousand packages (935 thousand tons).

If this information is true, it will alleviate the soaring international cotton price.

5.ICE cotton: in February 11th, commodity prices in the United States generally weakened, including energy and soft.

commodity

Market, but only cotton strong, a large number of buying into the ICE cotton market, pushing cotton prices hit a maximum of 194.55 cents, once again refresh the highest record in history, the end of the profit margin caused by the shrinkage, turnover volume.

Be vigilant against the prospect of the US cotton contract in March.

Summary

The keynote of the current international cotton market is the pursuit of limited imports of cotton by major importing countries. It is still difficult to determine whether India's cotton export quota is raised or not, and the international cotton price will still be strong in the latter stage. Domestic cotton is also facing the short-term problem of high-grade cotton. However, the factors such as the good portability of Sinop cotton, the elimination of backward production capacity, and the short term demand for textile enterprises replenishment need to increase the uncertainty of domestic cotton prices, which limits the domestic sharp increase in space, but will not cause the continuous decline of the price of zhengmian futures.

Zheng cotton's main contract or short selling opportunities.