European Debt Rose &Nbsp Again; Zheng Cotton Fell Sharply.

Summary of the international cotton futures market

ICE US cotton futures closed at a 16 month low on Wednesday, due to lower external market and weak fundamentals. Analysts said that in the next few days, the market may decline further. Global stock markets and the euro are falling. As the market worries more about the borrowing costs of Italy at a record high level, and the Federal Reserve of the United States (FED) decided not to take any new measures to support economic growth. Intercontinental Exchange (ICE) index in March cotton CTH2 fell 2.19 cents, or 2.5%, at 85.12 cents per pound, with intraday trading range of 84.35-87.42 cents. Chart This is the lowest in 8 months of last year.

On the news side, Fitch Ratings lowered the investment grade rating of five large European commercial banks, on the grounds that the banking sector is facing greater resistance as a whole. The agency pointed out that the decision to downgrade is concerned with the question of how the euro zone debt crisis will be resolved and the extent of the negative impact of European government austerity measures on commercial banks, especially in southern Europe and Irish commercial banks. This makes the market's worries about the European debt problem escalating again, and the stock market in Europe and the United States has dropped sharply. Eurozone data released on the 14 day showed that in October, the industrial production in the euro area decreased by 0.1%, while the industrial output in the 27 countries dropped by 0.2%. Compared with the same period last year, the euro area and the European Union's industrial production increased by 1.3% in October.

Two. Summary of domestic spot market

December 14th, the national cotton trading market. commodity The cotton electronic matching transaction reached 21640 tons, an increase of 460 tons from the previous day, an increase of 60 tons of orders, and a total purchase of 41720 tons. In December 14th, China's cotton price index rose by 1 yuan to 19059 yuan / ton. Recently, domestic cotton spot prices have been temporarily stable, and enquiries have increased in some areas. In textile, raw materials such as cotton, polyester, short and viscose, the price of downstream related yarn has been reduced, and the turnover has improved. Among them, pure cotton yarn in the cotton market stopped, the behavior of price reduction has been significantly reduced, but the volume has not increased significantly. The spot sale of lint is still not much, but the inquiry price of textile mills has increased. The 400 type processing enterprises are still the main ones, and the enterprises are the priority high-grade cotton storage and storage, and the four grade cotton is second. Due to repeated prices of cottonseeds, cyclical decline after the beginning of the week was mainly affected by the external market, resulting in obvious fluctuations in the cost of enterprises.

On the news side, the central economic work conference was held in Beijing in from December 12th to 14th. The conference stressed that next year is an important year for the implementation of the "12th Five-Year plan". It is the general goal to advance steadily and steadily. That is to say, we must maintain stable economic development, adjust the industrial structure at the same time, intensify macroeconomic regulation and control, and maintain steady economic development.

Three, Zhengzhou cotton futures morning trading tips

15, Zheng cotton early comment: ICE cotton on Wednesday new low, European debt crisis Once again, the Italy treasury bond auction yield is high, and China's steady growth in 2012 is the primary goal. Zheng cotton rose slightly yesterday, dragged down by the European debt problem today, the market is worried about the escalation. Zheng cotton has a big probability of falling sharply. Investors should keep short thinking, cautious positions and pay attention to risks.