Cotton Inside And Outside Pu Rose &Nbsp; Cotton Continued To Lighten Up.

Today's market conditions:

Last night, European and American capital markets were introduced by the euro area. debt The crisis solution and the growth of US holiday consumption data showed a certain rebound. Stock index and commodity rebound. Today, the domestic stock market and commodity market are affected by this trend. The trend of the cotton market is similar to other commodities. The difference is that the turnover is still scarce and the position is still declining. At the close, Zheng cotton index rose 27 points to 20330, and the total turnover was only 55 thousand. The total position increased by 6298 to 244 thousand, and the positions in the near 3 days decreased continuously. The main force rose 1205 to 15, closing at 20295, closing 44 thousand hands and holding 2376 hands to 177 thousand hands. Disk, the main force to transfer other Varieties No intention of closing. Period price amplitude Narrow, drift with the tide.

Related markets:

Last night

ICE cotton was slightly higher by the rise of other commodities, the main contract in March rose 0.48 cents to 91.35 cents, has not yet got rid of the slump after the fall. The price index of imported cotton increased by 0.38 cents to 106.04 cents today, with a discount of 17679 to 17679 yuan, to a price of -1373 yuan / ton. The domestic cotton price 328B index fell 2 to 19052 today.

The decline narrowed. The sale of lint is only profitable, and the normal market sales continue to be light. Cotton by-products such as cottonseed, cottonseed oil and cotton linter are also not up. 29, viscose prices fell 200 to 1580016000 declared loss. Cotton yarn prices continued to fall, and the decline is significantly greater than the decline in cotton prices, some shipments will continue to be strong. Today, the number of contracts in the market is small, with MA1205 rising by 50 to 19850, and the 1205 difference between Zheng and cotton is -445.

Related news:

This year is the beginning of the year 12th Five-Year, and national industrial planning is being intensified. On the 28 day, the "12th Five-Year" plan focused on the outbreak, and the Ministry of Commerce jointly issued the "12th Five-Year" plan for the development of trade in services with the 33 departments in 2 years. The Ministry of land and resources issued the "12th Five-Year plan" for the conservation and comprehensive utilization of mineral resources. The development and Reform Commission, the Ministry of science and technology, the Ministry of industry and other parts have issued a number of plans. All industrial planning takes the "industrial restructuring and economic transformation" as the main line, and the main direction is to stimulate domestic demand, energy conservation, environmental protection, green low-carbon and strategic emerging.

Miawei, Minister of the Ministry of industry and commerce, pointed out that supporting small and medium enterprises needs to be treated differently, with emphasis on supporting three kinds of enterprises, namely, scientific and technological, entrepreneurial and labor-intensive.

Near the end of the year, funding constraints are expected to hit again. Although the market expects the fiscal expenditure in the last two months to reach as high as 3 trillion and 200 billion yuan, the huge demand for funds at the end of the year may make fiscal expenditure insufficient to make up for liquidity. As more and more macroeconomic data show that there is a risk of accelerated downtrend in economic growth, monetary policy is necessary to further relax, and the reserve requirement ratio may be lowered at any time.

On the 29 day, the China Foreign Exchange Trading Center launched RMB transactions against the Australian dollar and RMB against the Canadian dollar in the interbank foreign exchange market. Currently, tradable currencies have increased to 9.

In a report Monday, Moodie said that although Moodie's basic outlook is still that the euro zone will be preserved and there will not be more widespread default, if the EU policymakers do not take measures to stabilize the market in the short term, the credit risk of euro zone countries will continue to rise, which will have a very negative impact on the rating.

Technology watch:

Today, the cotton price index of Zheng cotton has been reduced, and the price fluctuation center is slightly upward. Transactions and positions are reduced to curb upward movement. MACD, RSI, KDJ and other indicators indicate upward, indicating that the market may continue to rebound. 1205, form and trend are the same.

Outlook for future market:

The low rebound of other commodities and the purchase and storage of state reserves may help cotton prices rebound, but the demand is not strong enough, even if cotton prices rebound, it will be hard to weather. Paying attention to the change of macroeconomic environment and paying attention to the change of demand, paying close attention to the impact of purchasing and storing on cotton resources is a compulsory course for cotton producers in the future. Operation, continue to watch cotton prices trend.