Ruida Futures Market Early Comment On Cotton Market In August 9Th

Outward trend: Intercontinental Exchange (ICE)

The ICE-12 cotton contract rose 0.6 cents to 76 cents / pound.

1, China's 40 year cotton grading inspection method is about to withdraw from the stage of history and comprehensively implement the grading standard with color grade as cotton.

The current cotton national standard GB1103-2007 will be revised to GB1103.1 "cotton fine wool cotton saw tooth processing" and GB1103.2 "cotton fine pile cotton roller processing", the new standard was released in 2012, the 2013 cotton year (September 1, 2013).

2, 8 cotton processing enterprises in Dongying, Shandong, have obtained plans for upgrading and upgrading the national cotton processing industry production facilities, and at the same time get the national loan interest discount fund of 2 million yuan.

3, the US Department of agriculture (USDA) reported in its weekly crop growth report that the United States cotton growth rate was 41% in the week ending August 5th, compared with 44% in the previous week and 30% in the same period last year.

The rate of cotton bud emergence was 98% in the United States, 93% in the previous week, 93% in the same period last year, and 94% in the five year.

The percentage of peach formation was 74% in the United States.

The boll setting rate was 9%.

On the spot side: cotton index 328 price is 18352 yuan / ton, and rose 6 yuan / ton on the previous trading day.

Warehouse Receipt Inventory: 1985 registered exchange receipts, 33 fewer than the previous trading day, and 13 valid forecasts.

(each corresponds to 40 tons of cotton).

Conclusion: ICE cotton is up and up, and the market is expected to report a reduction in cotton production in India by the USDA report, due to delayed rainy season and scarce rainfall.

Domestic cotton spot prices rose slightly, textile mills cautiously bought goods, and raw materials were mainly purchased and used.

The NDRC pointed out that it would make advance plans for the storage of cotton and make a reasonable determination of the selling price and the way of delivery.

The dumping and storage quotas of the import quota are bothering the market, and we are concerned about the support for new cotton in the new year.

1301 the contract fell, the period price rushed to the 19465 line after the shock drop, the lower test 5 day line support, the short term is expected to continue the upward trend of shock.

Operation, relying on more than 19000 single holding.