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Cotton Maintains &Nbsp; Wait For Clear Direction.

2011/9/5 14:41:00 36

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Cotton Maintenance Board Clear

ICE cotton rose slightly on the 2 th, due to a small amount before the long weekend holiday.

Investment

The buyer came in, but the deal was quiet.

ICE index rose 0.11 cents in December cotton closed at 1.0589 U.S. dollars / pound.

Xiangcai prayer futures

Analysis

Teacher side Hui Ling said that the outside market maintained the consolidation in the quiet exchange, while the state purchase and storage began to be implemented. However, spot purchase and sale remained flat, and the textile enterprises were used with the purchase. The market mentality was more cautious. After the opening of the market, it was obvious that the additional positions were obvious, and the upward pressure of Zheng cotton was bigger, the disk remained unchanged, and the market direction was still uncertain.

In the latest US agricultural trade outlook report of the US Department of agriculture (USDA),

U.S.A

The Ministry of agriculture predicts that in the 2012 fiscal year (from October 1st to September 31st of next year), the total value of US exports will be US $137 billion and the total value of imports will be US $105 billion.

Among them, the export volume of cotton (20200, -25.00, -0.12%) is expected to reach US $6 billion 600 million, a decrease of US $2 billion 400 million compared with us $9 billion in the 2011 fiscal year, that is, a reduction of 27% over the same period last year. The export volume is expected to be 2 million 700 thousand tons, while the export unit price is down compared with last year, but it is still at a historical high.

Domestic cotton prices continue to rise slightly, but textile enterprises are still buying raw materials, and the spot market is flat.

Cotton farmers began picking sporadically in some areas, and the quality was generally deviant, reaching only 4 level. Cotton purchasing enterprises and cotton growers were paying close attention to the collection and storage dynamics.

In addition, because the demand of textile mills is very sensitive to prices, Cotton Traders dare not rush to raise prices, and intend to make further plans for the new supply and demand situation in the new year.

On the 2 day, China's cotton price index (CCIndex328) was 19362 yuan / ton, up 46 yuan / ton.

In September 1st, the average price of each contract in the cotton trading market of the whole country was fully increased, and the increase was within 100 yuan.

In recent months, the MA1109 contract closed at 20000 yuan, up 81 yuan; the MA1202 contract closed at 20275 yuan, or 6 yuan.

Volume decreased and orders decreased.

On the international side, ICE cotton rose slightly on the 2 th, due to a small number of investors buying in before the long weekend holiday, but the deal was quiet.

ICE index rose 0.11 cents in December cotton closed at 1.0589 U.S. dollars / pound.

There is no sense of direction in the market trend. Market participants are now concerned about the monthly supply and demand report released by the US Department of agriculture (USDA) in September 12th.

The US cotton market will be closed for 5 days on Labor Day holidays.

On the domestic side, Zheng cotton futures rose sharply on the 2 day, and the main 1205 contract reported 21760 yuan / ton, up 50 yuan / ton, or 0.23%, the highest 21830 yuan / ton, the lowest 21655 yuan / ton, the market turnover increased 170 thousand hands to 459 thousand hands, the position increased 14330 hand to 480 thousand hand.

On the technical side, the main 1205 contract 1205 contract trend concussion closed the small line, the period price income above 10 average, the EMA system tends to be smooth, the market maintains the recent consolidation interval, and the short term direction is still uncertain.

From the post position position, the top 20 institutions were short in the second position, the air force was still strong, the 21900-22000 pressure above was still large, and the support level below was 21400-21500.