US Cotton Electronic Disk Continued To Fall Sharply, Closing At The Limit.

Disk trend: today, Zheng cotton 1109 contract opened at 32250 yuan / ton, closing at 31910 yuan / ton, compared with the previous trading day fell 740 yuan / ton, or 2.27%, volume increased to 1 million 544 thousand and 200 hands, positions reduced 7274 hand to 277 thousand and 300 hands.

Message side:

1, India Cotton Corp published data on Monday showed that India October 1st -2 month 20 cotton arrivals increased by 4.7% from the same period last year, to 22 million 200 thousand packages.

2, as the price of lint rises, Fugou County, Henan

3, 21, along with the ICE futures limit, the price of China's main port of imported cotton fell sharply, and most varieties fell by about 7 cents, while the Central Asian cotton fell by more than 9 cents.

Since the Spring Festival,

On the spot side: cotton index 328 price is 30371 yuan / ton, and rose 45 yuan / ton on the previous trading day.

Warehouse Receipt Inventory: 288 registered exchange receipts, an increase of 6 copies compared with the previous trading day, with an effective forecast of 426 copies.

(each corresponds to 40 tons of cotton).

Main production area weather: in the next three days, there will be small to moderate rain in most parts of Southwest China, Jianghan, Jianghuai, Jiangnan, Western and Northern Southern China, and small to moderate snow in northern and Western Xinjiang, Eastern Tibet, northeast Inner Mongolia and Northeast China.

Summary of Views: the US cotton electronic disk continued to fall sharply, closing at the limit.

The central bank once again raised the deposit reserve ratio and tightened policy to suppress market confidence.

Domestic spot prices have risen slightly, and the price spreads have narrowed further, which will limit the adjustment of the price.

Zheng cotton 1109 contract maintained a downward trend, and the price dropped to the 31200 line.

Operation, short-term intra day trading.