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Hongyuan Futures: Zheng Cotton Oscillation Market Interval Operation

2012/3/5 13:54:00 9

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Purchasing And Purchasing Trend Cotton Price

Main points

1. Price Bulletin: Domestic

lint

129 level 21823 (+0) yuan / ton; 229 level 20834 (-0) yuan / ton; 328 level 19649 (-0) yuan / ton; 428 18822 (-0) yuan / ton.

Domestic textiles: polyester staple fiber 11550 (+30) yuan / ton; viscose staple fiber 17070 (-100) yuan / ton; C32S price 26610 (-20) yuan / ton.

2. price structure:

Yarn cotton

The spread price C32S-CottonB is 6961 yuan / ton; the price difference between cotton and polyester is 8099 yuan / ton; the difference between inside and outside cotton price is CCindex328-FCindex328 yuan 2641 yuan / ton.

3. domestic stock: 2 days, domestic

cotton

Spot prices are slowing down.

The national development and Reform Commission released the plan for the temporary storage and purchase of cotton in 2012.

Textile enterprises are cautious about this, and the purchase of lint cotton can satisfy short-term production. Currently, sales of gauze products are still troubled by textile enterprises, and the acquisition of cotton enterprises is running smoothly, and sales of cotton products are not large.

4. International Spot: in March 2nd, the price of China's main port of imported cotton continued to decline, or around 0.75 cents.

Judging from the market situation, the continued weakening of outer cotton leads to a further increase in the price difference between inside and outside cotton mills.

At present, there is no good news for the market to support a big rebound in cotton prices. A new round of purchasing and storage prices has improved, but this has limited impact on the market this year.

5.ICE cotton: in March 2nd, the US dollar rose to pressure on the commodity market. ICE cotton futures fell for the third consecutive day, and the May contract reached its lowest level in 10 weeks.

At present, the market is short of popularity, and the spot demand that investors are looking forward to is also not expected. With the continuous decline of cotton prices, textile mills continue to wait for the emergence of the bottom of the market.

Summary:

New plan for cotton in the new year

Price

The impact is greater than the impact on the old cotton, the new year's purchase and storage price will undoubtedly have a strong supporting role in the new year's cotton price, but the 20400 yuan / ton storage price is lower than expected, and it has no effect on the current CF1209 contract.

The domestic and foreign cotton price difference is an important factor that affects the purchase of cotton from domestic and foreign enterprises after the domestic purchase and storage price is raised.

There is weak demand pressure, downstream policy underpinning, Zheng cotton mainly to concussion, difficult to have the trend of large market.

Interval operations are recommended on strategy.