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Interpretation: Today, Zheng Cotton Single Contract Paction Record

2011/5/11 13:37:00 36

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At the end of November last year, near the technical price of 24000 yuan, today

Stage cotton

Brewing fierce competition: the whole day turnover of more than 359 hands, a record high (November 24, 2010 turnover of more than 454 hands), a single contract turnover reached 320 million hands, then refresh the historical record, the market holds a record of 67 million hands, the highest daily increase of more than 110 thousand hands.

Behind the record, we first observe the price. The closing price of the main contract in September is 375 yuan compared with yesterday's settlement, but today's settlement price is only 24765 yuan, compared with the previous one.

Trading day

It is also lower than 5 yuan; the surrounding market, all other commodities except PTA and rubber, all present a relatively warehouse position; in addition, today's position changes in positions, the most active is still in Yongan, Zhejiang, the more than 3000 hand empty single, add more than 7000 hands and more single, scrambling market rhythm, other main added positions empty seats, overall look short is still relatively concentrated.

Most importantly, how do we interpret today's market? Fundamentals should be said that there has been no change in the fundamentals. Downstream textile enterprises have been cutting production, limiting production and holidays.

Cotton spot

The price is still adjusting to the no representative deal, and the whole industry is still in the vulnerable pattern. In addition, the new flower planting and growth situation may be the best year in nearly 3 years. The only possibility of hype may be the May supply and demand monthly report, which will be released in Beijing tomorrow USDA. This report will forecast the supply and demand situation for 2011/12 for the first time, and there is more speculation. However, everything is positive and negative. Consumption in China and Southeast Asia has been blocked since April this year. Cotton consumption may be reduced this year, and the cancellation of orders, including the end of the year inventory in the United States, is expected to increase.

But the market is high, the market has its own reason. I believe that more technical and financial aspects should be interpreted. Investors who attach great importance to technological aspects are naturally very clear and will not repeat.

From a personal point of view, after the market has experienced a great deal of downplay, the rebound of the current price of the technology, the signs of the involvement of the bottom up fund are very obvious, but if we can not get the basic coordination, we will call it a "multi pitfall trap" and remind everyone to pay special attention to it.