Cotton Research And Development Viewpoint

Cotton: continue to shake

1, outer disk:

On the 20 day, the ICE cotton market eased somewhat. The July contract fell 4 points, the settlement price was 155.61 cents / pound, the 1112 month contract rose 57 points, and the settlement price was 119.76 cents. After a slight increase, the market rose steadily, and the July contract rose to a maximum of 157.02 cents (137 points). In December, the contract stayed at 120 cents first-line level. Stage cotton Turning to the bottom, the July contract fell to a minimum of 150.06 cents (-559 points), and the contract fell to a key resistance level of 120 cents in December. In the end, there was a buying intervention, the market low rebounded, and the final contract fell 4 points in July, while most other contracts rose slightly.

2, China:

Zheng cotton CF1109 contract opened low, early after the lower position to add positions, then incremental rebounding, the afternoon was down, the end of the short round concentrated back support to support the rise, the daily line formed Yin Xing Star, intra day trading volume shrinkage, holdings declined. The CF1109 contract concluded 2193156 hands on the day, 31532 on the day, and 438214 at the end of the contract; the CF1201 contract day was 186204 hands, and the day was reduced by 2448, and the final position was 132344 hands.

3. Stock side:

The spot market has not changed much, but the high grade. Cotton quietly The popularity of Xinjiang cotton is rising. Real estate spot Still do not move, some of the 5 grade cotton or even below the enterprise is very anxious, these low grade cotton prices are no need to be pressed, can only be anxious. On the 19 day, China's cotton price refers to (CCIndex328) 24561 yuan / ton, down 45 yuan, 527 cotton to plant average price 22686 yuan / ton, down 31 yuan.

4, operation: continue to continue the shock market, operation interval 24600-25500