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Overshoot Is Not Strong Enough For &Nbsp; Zheng Cotton Will Be Weak.

2011/12/19 11:51:00 26

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Summary of the international cotton futures market

ICE U.S. cotton harvest last Friday, after two days trend

Shock

In response to a weak cotton market, investors responded to the trend of the peripheral market. The ICE index March cotton CTH2 received 86.29 cents a pound, unchanged from Thursday's closing.

On the news side, local time 16 later, British Prime Minister Cameron's spokesman said that the British government decided to accept the invitation that day, return to the EU negotiating table, on the "technical" details with 17 euro zone countries and 9 other EU countries to discuss.

On December 16th, the eighth Ministerial Conference of the World Trade Organization formally approved Russia's accession to the WTO in Geneva.

according to

Agreement

Russia will officially become a member of the WTO on the 30 day after the ratification of the agreement.

According to the WTO accession agreement, the overall tariff level of Russia will fall to 7.8% from 10% in 2011.

Among them, the total tariff level of agricultural products will be reduced from 13.2% to 10.8%, and the total tariff of manufactured goods will be reduced from 9.5% to 7.3%.

Two. Summary of domestic spot market

In December 16th, the cotton trading market of the national cotton trading market reached 24380 tons, an increase of 2500 tons compared with the previous day, with a reduction of 3320 tons in orders and a total purchase of 37880 tons.

In December 16th, China's cotton price index rose by 2 yuan to 19067 yuan / ton.

Over the past week, the price of local cotton yarn has stabilized, but sales are still small, and inventory is hard to reduce.

C32S cotton yarn mainstream trading price in the 26000 yuan / ton up and down, the higher price in 26700 yuan / ton.

Near the double festival, the enthusiasm of cotton farmers to raise their reserves has increased.

Market enquiry increased, textile enterprises before the demand for replenishment has increased, and yarn prices and cotton prices are close to the bottom, there are signs of loosening sales, but the actual turnover is still slack.

In December 15th, it planned to close and store 121600 tons.

The actual turnover was 44620 tons, the turnover rate was 37%, and the daily turnover was 1860 tons less than that of the previous day.

On the news side, the National Bureau of Statistics announced 18 days ago.

Whole country

70 large and medium-sized cities housing prices data show that in November, 70 cities prices decline inflection point, compared with October, 70 large and medium-sized cities, new commercial housing prices fell 49 cities, for the first time more than half.

Among them, the first tier cities have been completely downgraded. From the link data, the average reduction in the restricted cities has reached 0.35%.

According to the China Cotton Association survey, as of the end of November, the average picking rate of cotton growers in the whole country was 95.1%, 0.3 percentage points faster than that of the same period last year, and the turnover rate was 68.1%, an increase of 18.1 percentage points compared with October, a 2.1 percentage point decrease compared with that of the previous year, and the average selling price was 7.75 yuan / kg, down 29.7% compared to the same period last year, and the ratio fell by 4.3%.

Three, Zhengzhou cotton futures morning trading tips

19, Zheng cotton early commentary: ICE cotton closed last Friday, the United Kingdom returned to the European debt negotiation table, Russia joined the WTO, China's 70 large and medium-sized cities prices fell, seed cotton sales progress accelerated.

The recent news is plain. On Friday, Zheng cotton rose sharply. Today, the probability of weak shocks is bigger. Investors should take the air as the main position, prudently hold positions and pay attention to risks.