Us Supply And Demand Report In September Affected Plain &Nbsp, And Cotton Materials Maintained Weak Shocks.

ICE cotton 12 days small

Fang Huiling, futures analyst at Xiangcai prayer year, said that the US supply and demand report in September was insipid and the external market was maintained.

Although the domestic market in the storage policy and the demand for a small amount of replenishment to improve the current price stable, but at present the cotton textile industry is not ideal, the demand is difficult to improve obviously, and the domestic cotton (20210, -35.00, -0.17%) and the external macro situation is poor, Zheng Mian short-term material to maintain a weak concussion.

The US Department of agriculture (USDA) recently released the September supply and demand report to predict the decrease in cotton supply and consumption in 2011/2012, resulting in a slightly higher year-end inventory.

Global 2011/2012 data have been slightly adjusted, and output has increased slightly.

The increase in China's output basically offset the decline in output in Pakistan, Turkmenistan and Uzbekistan.

Global consumption has basically not been adjusted and trade volume has dropped slightly.

Global year-end inventory is expected to be 51 million 900 thousand packs, an increase of 18% over initial inventory, slightly lower than last month's forecast.

Domestic spot market quotation is more chaotic, but before the contract with the textile enterprises cotton enterprises continue to implement a stable price of 19900 yuan / ton.

The mainland's public inspection is good at three level cash collection, and Xinjiang's 8.6 yuan / kilogram of cotton will not be processed abroad to store three grade cotton, but it can only be processed into four grades, and the quantity is still small.

In the current hot period of acquisition, cotton farmers are actively selling cotton seeds as long as prices are relatively reasonable. Only a few large processing plants have been afraid to open up them, and most acquisitions are still in a state of stagnation.

In terms of external cotton, imported cotton from West Africa has arrived in Hong Kong. The price is about 20400 yuan / ton (net weight) and the price fluctuating is 100-200 yuan / ton.

In terms of textile industry, cotton yarn sales improved, and 32S of a large textile enterprise in Shandong reached 30500 yuan, up 500 yuan. At present, Shanghai is opening textile exhibition, and some spinning mills are still waiting.

In September 9th, the cotton trading market of the national cotton market was generally opened by electronic matching contracts, with a narrow concussion and short closing.

In recent months, the MA1109 contract closed at 20200 yuan, up 84 yuan; the main MA1112 contract closed at 20450 yuan, up 23 yuan.

Trading volume has shrunk and orders have decreased slightly on that day.

On the international side, ICE cotton rose slightly on the 12 day, and the market responded moderately to the government's supply and demand report. The market is expected to keep sideways finishing this week.

The index rose 0.42 cents in December to 1.1229 dollars per pound.

On the domestic side, Zheng cotton futures fell on the 9 day, and the main 1205 contract reported 22040 yuan / ton, down 65 yuan / ton, or 0.29%, the highest 22170 yuan / ton, the lowest 21960 yuan / ton, the market turnover cut 631 thousand hands to 526 thousand hands, the position decreased by 28 thousand hand to 490 thousand hand.

On the technical side, the main contract of 1205 contracts shrink, and the power of uplink is obviously insufficient.

However, the price is still closed above the 60 day moving average, while the underneath gap has a strong supporting role. The medium and short term moving average trend is going up.