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Zheng Cotton May Maintain Weak Shocks

2011/8/17 17:34:00 45

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Zheng Mian'S Spot Market New Cotton Listing

ICE period cotton 16 days to complete, a small drop, a small number of investors selling pressure, stock exchange sparsely, trading volume has been the lowest since last summer.

ICE's most active December contract fell 0.19 cents, closing at $1.0385 a pound, still holding the first two trading days.

The year of Xiangcai

futures

Analyst Fang Huiling said that the 16 day consolidation of the external market is still in the recent shock range.

China's new flower market is approaching, and the state's purchasing and storage policy has provided a strong supporting role for the market. However, the domestic cotton (20445, -25.00, -0.12%) industry is in a difficult position, and the downstream demand is hard to improve. In addition, the global economic situation is worrying and the macro financial environment is unstable.

The US Department of agriculture (USDA) reported in the weekly crop growth report that by the week August 14th, the growth rate of cotton in the United States was 31%, compared to 30% in the previous week, 62% in the same period last year, and 88% in the previous week, 79% in the previous week, 90% in the same period last year, 84% in the five year, 11% in the previous year, 9% in the previous week, 14% in the same period last year, and 11% in the 14% year.

The weak spot pattern of the domestic spot market has not changed significantly.

market

On the eve of the new cotton listing, there was no obvious action on the eve of new cotton's listing.

According to the large cotton traders in the inner part of Xinjiang, there are still more than 100 thousand tons of lint in the territory, of which 4 are mainly factory inspection. The quotation is 17000-18000 yuan / ton. The 329 level of the public inspection, though the price is still weak, the mainstream offer price is 19500-20000 yuan / ton, but there are only a few stock points, and the 229 level that can meet the public inspection standard is hard to find.

Cotton yarn shipments sluggish, the overall turnover of the atmosphere in general, most textile enterprises still have much room for negotiation, mostly shipments.

In August 16th, China's cotton price index (grade 328):19059 yuan / ton, down 65 yuan / ton compared with the previous day.

In August 16th, the average price of the final contract in the cotton trading market of commodity cotton was half or less than 100 yuan.

In recent months, the closing price of MA1108 contract was 19680 yuan, or 142 yuan, while the main MA1112 contract closed at 19750 yuan, up 36 yuan.

Volume decreased and orders continued to decrease.

Internationally,

ICE cotton

16 days of consolidation, closing slightly down, a small number of investors sold to suppress, intraday trading sparse, trading volume since the lowest since last summer.

ICE's most active December contract fell 0.19 cents, closing at $1.0385 a pound, still holding the first two trading days.

On the domestic side, Zheng cotton futures fell 16 days ago, and the main 1205 contract reported 21135 yuan / ton, down 180 yuan / ton, or 0.84%, the highest 21430 yuan / ton, the lowest 211150 yuan / ton, the market turnover has cut 55208 hands to 688 thousand hands, the position has cut 16570 hand to 376 thousand hand.

On the technical side, the main 1205 contract opened up to the 5 day moving average, and the market shrank and shred down, and the pressure on the 20 day moving average above the price was greater.