Home >

Additional Quota Will Add Pressure To Domestic Cotton Prices

2012/4/28 10:22:00 4

Additional Quota Zheng Cotton Cotton Market

At present, domestic cotton market is mainly influenced by policy and downstream demand.

stay

Issuance quota

Before, the rise has no power, the decline has support, the next step Zheng cotton low range shock or become the main tone.

Nearly four trading days, Zheng cotton September contract 40 day moving average is like a high voltage line, hit each time will fall, fully confirms the pressure.

Before issuing the quota, it is suggested that investors continue to adhere to the operational thinking of interval shocks, and the 21000-21200 segment platform should be focused below.

The rumor of the issuance of the quota in May has been revival. If the quota is added, it will add pressure to the domestic cotton price.

1. Price Bulletin: domestic lint: 129 level 21576 yuan / ton; 229 level 20597 yuan / ton; 328 level 19415 yuan / ton; 428 grade 18599 yuan / ton.

Domestic textiles: polyester staple fiber 11030 yuan / ton; viscose staple fiber 16170 yuan / ton; C32S price 26080 yuan / ton.

2. price structure: the price difference of yarn and cotton C32S-CottonB is 6648 yuan / ton; the difference between cotton and polyester is 8402 yuan / ton; the difference between inside and outside cotton price is CCindex328-FCindex328 3262 yuan / ton.

3. domestic stock: on the 25 day, domestic cotton spot prices remained stable.

In terms of spring sowing, the area of Hebei's main cotton production area is not greatly reduced, and the area of Henan has declined significantly. The main traditional planting areas in Anhui and Hubei have been steadily decreasing. Another understanding is that this year's agricultural products have gone up considerably, and the compound fertilizers and urea have increased by 10%. Seeds, plastic films and pesticides are also on the rise. The cotton production situation is not optimistic.

4. cotton imports: in April 25th, the price of imported cotton in China's main port dropped from a high level. Most varieties fell 1 cents, while the decline in the US cotton market was more obvious, dropping 1.5 cents.

Compared with the previous rise, the decline in cotton prices on that day is not surprising, so it can not stimulate the calm spot market.

At present, the market's expectation that China will increase the quota of imported cotton is still an important support for foreign cotton. Before the news is clear, cotton traders will continue to have a wait-and-see attitude towards the Chinese market.

5.ICE cotton: in April 25th, the Federal Reserve ended its two day interest conference and announced that it would raise the US economic growth forecast this year and maintain a low interest rate policy.

In addition, there is no new news in the market. ICE cotton futures are mainly arbitrage trading. In July, the contract remained volatile, with a slight decline in closing, and the market volume shrank.