Cotton Commodity Stock Market Fell &Nbsp, Storage And Purchase Volume Increased.
ICE cotton continues to fall.
In the monthly report released last Friday, USDA will be global.
cotton
Consumption fell by 640 thousand tons to 24 million 240 thousand tons, and the final inventory was raised by 590 thousand tons to 12 million 560 thousand tons.
Affected by this, the US cotton continues.
Fall
The settlement price of the March contract was 90.43, down 162 points.
The EU summit has made three major progress: first, the 26 countries have signed the new euro area financial agreement; two, they have injected 200 billion euros into the IMF; three, the European stability mechanism of 500 billion euros has been established, which is in line with the euro stabilization fund of 440 billion euro to strengthen its financial firewall.
The EU summit did not solve the fundamental crisis of European debt, but its operability was obvious.
But Germany
Central Bank
The European Central Bank does not agree that the continued expansion of the purchase of bonds by the European Central Bank and the British opposition make the market somewhat worried about the actual effect of the summit.
Cotton imports increased sharply in November.
According to customs statistics, in November, China imported 378 thousand and 200 tons of cotton, an increase of 125 thousand and 800 tons, an increase of 251 thousand and 900 tons compared with the same period last year. In 2011, it imported 883 thousand and 200 tons of cotton, an increase of 460 thousand and 200 tons compared with the same period last year, and 2 million 573 thousand and 400 tons of cotton imported in 2011, an increase of 199 thousand and 400 tons compared with the same period in 2011.
The number of imported cotton in November is the highest since January. The reason for the increase is due to the expiration of the quota and the increase in the difference between the inside and outside cotton prices.
Xinjiang cotton is tight.
It is reported that as of December 12th, in December, the total shipment of commodity cotton in Xinjiang was about 60 thousand tons (including reserve cotton), and the total shipment volume was about 500 thousand tons this year.
At present, the shipment of reserve cotton has been started. It is planned to pport 120 cars / days. The whole area can be used for only 120 cars / days for cotton pportation. At the same time, the shipment of commodity cotton is also occupied by car skin. Therefore, less than 90 cars / days are used to reserve cotton.
Storage capacity increased.
On the 12 day, 122200 tons were planned to be collected and 64250 tons were actually traded, an increase of 21950 tons compared with last Friday.
Of these, 40760 tons were traded in Xinjiang and 23490 tons in the mainland.
Storage and storage totaled 1433160 tons (982440 tons in Xinjiang and 450720 in the mainland).
The volume of pactions between Xinjiang and the mainland has increased.
The stock market ended at a 33 month low.
The government said that the political tone will remain unchanged next year. The authorities have repeatedly stressed that the real estate regulation will not be relaxed. On Monday, the Shanghai composite index was going downhill. Real estate stocks fell, closing at 2291.54 points, down 1.02%, a 33 month low, and the paction is still in the doldrums.
The turnover of the Shanghai stock exchange fell to 36 billion 520 million yuan.
Zheng cotton trend is weak.
On the 12 day, Zheng cotton was low and low, and the lowest 1205 hit 20480, 60 days moving average blocked repeatedly, and maintained the decline throughout the day.
1205 closed at 20515, down 40 points, 1209 to 20990, down 25 points.
The total turnover was 47 thousand and 700 on the same day, a decrease of 28 thousand and 800 hands, a total holding of 232 thousand, and a reduction of 10 thousand and 100 hands.
Today, the stock market is down, and the stock market is on the low side. In the end of November, when the reserve requirement ratio was lowered, the government failed to put forward a favorable policy, and the market anticipated overdraft on the policy. The economic data showed that the economic growth rate was falling.
Under such circumstances, the financial market is under pressure again.
Today, cotton storage and storage volume rebounded significantly. In the absence of good macro stimulation, purchasing and storage will continue to play a role in stabilizing the market. If there is no important news coming out in the near future, Zheng cotton will follow the fluctuation of the surrounding market for reference only.
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