Today, Zheng Cotton 1301 Contracts Open High And Go Low, The Market Began To Suspect That The National Reserve And Storage.

ICE cotton futures closed for second consecutive trading days on Thursday. Spot contracts for July closed 4 cents or 5.72% to 73.89 cents a pound, the highest since May 29th, while December contracts rose 3.92 cents or 5.73% to 72.28 cents per pound.

today

1301 the contract is high and low.

Opened at 19160, the highest 19195, the lowest 18875, closed at 19025, up 20 points over the previous trading day.

Cotton index decreased by 6898 days in hand, with a turnover of more than 380 thousand.

In the spot market, in June 8th, China's cotton price index (328) was 18473 yuan / ton, down 19 yuan / ton.

In June 7th, the FCIndex S index was 86.01 cents / pound, up 2.82 cents from yesterday.

Because

The cotton price will continue to be stored at an unlimited price of 20400 yuan per ton in the new year. Cotton prices will mainly be concussion in the near future. If the storage fee and capital cost are deducted according to the 20400 yuan / ton storage, the cotton 1301 will be delivered after the purchase of 19500 yuan / ton, and the profit space will begin to appear.

But the market began to wonder.

The possibility of continuing to purchase large quantities of stocks will continue to increase in the year of 2011, and 3 million 120 thousand tons in the market. In the 2012 year, the storage price will continue to rise, and the price of cotton will continue to decline. The number of domestic cotton storage and storage will probably continue to exceed 3 million tons.

At present, the state reserve stock has exceeded 4 million tons, and the next year will continue to store and store about 3000000 tons. Whether the State Reserve has enough capacity to accommodate about 7000000 tons of cotton is indeed worth market doubt.

In addition, the cotton purchased on 1301 may not be new cotton, or old cotton, and the profit will be lost, and it may also lead to losses.

This will also reduce the support price of 1301 cotton.

Due to the weakness of cotton consumption this year, the basic pattern at home and abroad is mainly lax, and the inventory at the end of the year has reached a record high.

Especially in China, because of the high price difference between domestic and foreign cotton, and the pfer of some domestic orders to Southeast Asia, consumption has not improved, and the stock of downstream cloth has also been at a high level for a long time.

In addition, the PTA of substitutes has begun to fall, and the enthusiasm of downstream enterprises to use domestic cotton is even lower.

Therefore, domestic cotton consumption will not improve in the future, and cotton prices will hardly rise.

From the disk trend, Zheng cotton 1301 today.

Continuous trading to stimulate the jump open high, the shock after the opening down, the second quarter of the paction time is diving, but soon began to rebound, the position has been reduced.

Although the price of cotton has been volatile, it has maintained a downward trend.

It is recommended that the blank list be kept.