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Spot Market Ready For The New Year Zheng Cotton Shock Short-Term

2011/12/26 11:30:00 3

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[market review] Zheng cotton remained narrow for 12 weeks, up 25 last week, CF1205 week.

The peak

20790, the lowest point was 20575. On Friday, the final closing rate was 20720, with a turnover of only 50 thousand.

The September contract continued to be stronger than the May contract.

[external market] the US cotton main end ended at 87.24 (as at 15:00 yesterday, the latest price of the US cotton main force was 87.43), unchanged.

outer disc

Beans rebound to the front height, pay attention to the effectiveness.

Breach

。

[fundamentals] with the approaching of the new year, some cotton farmers' psychology of loosening and selling in some areas has been loosened, and seed cotton has begun to be sold in succession. The weather in Xinjiang has been cold, seed cotton purchase and pportation have slowed down, and cotton vice products have improved and cotton seed prices have stabilized.

On the 23 day, China's cotton price index (CC Index 328) was 19136 yuan / ton, and the average price of 9429 cotton to plant was 18293 yuan / ton, up 9.

On the same day, the price of us CA SM grade is 17892 yuan / ton, and the India Shankar-6 level is 15479 yuan / ton after tax.

Learned from the China foreign exchange trading center, the central parity rate of RMB against the US dollar is 6.3209.

[news] December 23rd plans to close and store 120600 tons.

The actual turnover was 42930 tons, with a turnover ratio of 36%, an increase of 200 tons compared with the previous trading day. As of now, the total cotton temporary storage and storage in the 2011 year has reached 1 million 830 thousand tons, and 1 million 190 thousand tons in the Xinjiang area, and 640 thousand tons in the mainland.

According to the latest data, from January to November this year, 37 batches of imported cotton, 65357 packages and 11 thousand tons were imported from Shaoxing. The value of goods was $3107, and the batches, weight and value of goods were reduced by 69.7%, 81% and 69 respectively compared with the same period last year.

3%, for the first time in Shaoxing, the import of cotton has dropped sharply in the past 3 years.

Local demand shows a gradual decline in domestic demand.

In the future, Zheng cotton daily K line maintained nearly 60 trading days at the bottom of the market, the spot market continued to be sluggish and the foreign cotton and domestic cotton appeared to be obviously upside down, and the price was difficult to have a big increase. In addition, the capital concern of zhengmian city was low, today the reference interval was 20650-20850, short line operation.