Textile Enterprises Are Still Sluggish, Market Turbulence Adjustment

Electronic matching:

In August 8th, the opening of the various contracts in the matching market varied widely.

Whole country

Trading market commodity cotton matching paction 10440 tons, a decrease of 1920 tons compared with the previous day, the order volume increased by 800 tons, totaled 138800 tons.

Two. Futures market

1. ICE: cotton futures jumped to over 76 cents on Wednesday. For the first time since mid May, the US Department of agriculture's upcoming supply and demand report may downgrade India's cotton production, due to delayed rainy season and scarce rainfall.

Index cotton contract in December rose 0.8%, at 76 cents per pound.

2. Zhengzhou: Zheng cotton CF1301 contract opened low, sorted out in early morning, lowered in the afternoon under the suppression of long positions, and formed a small line in the daily line.

The CF1301 contract concluded 189078 hands on the day, 5776 on the day, and 275334 at the end of the contract; the CF1305 contract day was 12806 hands, and the day was reduced by 1252, and the final position was 83556 hands.

Three. Spot market:

Wei Qiao offer: three level: 19300 429:18500 (temporary suspension)

CC INDEX328:18352 yuan / ton, up 6 yuan.

Others: the average price of grade 527 cotton to plant is 16035 yuan / ton, up 9 yuan.

Because of the whole

The market is still weak, some textile enterprises are still in the state of stopping and limiting production, and spot trading is slack.

Because the 400 big factories in the new year can hope to buy and store in the state, and the vast majority of the 200 type enterprises dare not rush into the market, small businesses still have no plans for this year's continued acquisition.

Cotton side, the recent trend of oil and fat meal, the impact of cotton oil and meal is limited, cotton staple market presents a rebound trend, cotton shell price is acceptable in the near future.

Downstream, the current small factory capital chain is tight, multi corner debt is more, capital back to the cage is difficult; big factory inventory pressure is very large, some cotton spinning enterprises last month, there is a large number of dumping phenomenon.

Four, macro environment: as of August 7th, ICE cotton inventory was 30527 packages.

Economic data released in July, CPI or below 2%, PPI or 2.4%.

The US stock market was mixed and the S & P 500 index was up fourth days.

Five, operation recommendations: Zheng cotton CF1301 contract down on the trial line, the day before the day of the paction interval shocks and back up gap, the trend is still above the moving average; hour graphics decline, short form weakening, technology also confirms the pressure of the previous rebound range, but by the previous day's gap support rebound, the technology did not form a breakup trend, the short term shocks more likely.

Operation suggestion: light warehouse is more than single hold, stop loss is 18900.

Six, trend test: 1301 rise (neutral), more single hold, stop loss 19100

Operation: sell January to buy May, wait and see; buy September sell January, hold to 20%