Cotton Maintains &Nbsp; Wait For Clear Direction.

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

Fang Huiling, a futures analyst at Xiangcai prayer year, said that the outside market maintained consolidation during the quiet trading, while the state purchase and storage began to be implemented. However, spot purchases and sales remained flat, and textile enterprises were used with buying. The market mentality was more cautious. Market direction It's not clear yet.

In the latest US agricultural trade outlook report of the US Department of agriculture (USDA), the US Department 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 is expected to reach US $6 billion 600 million, compared with us $9 billion in the 2011 fiscal year, a decrease of US $2 billion 400 million, or a decrease of 27% over the same period last year.

　 Domestic cotton price Continue to rise slightly, but textile raw material procurement is still in use with the purchase, spot market buying and selling flat, less volume. 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.

September 1st, the national cotton trading market. marketable cotton The average price of each contract was fully increased during the electronic matching market, 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.

Internationally, ICE cotton rose slightly on the 2 th, due to small investors before the long weekend holiday. Bid Coming in, 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 USDA released by the US Department of agriculture in September 12th. supply and demand Presentation. 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.