September 27, 2012 Cotton Daily Review: Zheng Cotton Increment Fell Active In Active Storage

　 　 American cotton Fifth consecutive trading days lower.

European sovereign debt worries escalated, the US dollar rose, the commodity fell, and the US cotton fell fifth consecutive trading days, and the settlement price of the December contract was 71.02, down 131 points. Active trading volume reached the highest in the past two weeks.

Conflicts erupt in Europe.

Greece and Spain are facing new spending cuts, resulting in high public anger. Demonstrators in Athens and Madrid clashed with police. Thousands of Greek people took part in the biggest demonstration in more than a year. On Wednesday, some of the most serious violent confrontations. The rioters threw petrol bombs at the police. The police used tear gas bombs. Rajoy, the Prime Minister of Spain, released a rather harsh 2013 budget on Thursday to shed light on the fact that although Spain's economy is in recession and its unemployment rate is as high as 25%, efforts are still being made to reduce the deficit. Spain seems unlikely to achieve a target of 6.3% against the GDP deficit this year.

BINGTUAN Cotton competition is fierce, grade 5 cotton spanaction price.

On the 27 day, the regiment planned to sell 7607.635 tons of cotton, with a turnover of 1620.838 tons, an increase of 158.032 tons from the previous day. Among them, 2 grades of cotton are 606 tons, the spanaction price is 19410-19910 yuan, the 3 grade cotton has traded 624 tons, the spanaction price is 18850-19360 yuan, the 4 grade cotton has traded 348 tons, the spanaction price is 18150-18690 yuan, 5 grade cotton has traded 44 tons, the spanaction price is 44 yuan. The day was intense, and the trading points were mainly concentrated in Jiangsu, Hubei, Shandong and Henan.

All spanactions within the territory were completed.

On the 27 day, the planned storage and storage of 75400 tons, the actual turnover of 55140 tons, an increase of 1300 tons compared with the previous day. Among them, the Xinjiang warehouse point plan to close and store 51000 tons, and all the spanactions were completed; the mainland planned to receive 24400 tons, with a turnover of 4140 tons. Up to now, the total volume of storage and storage has reached 226920 tons, and Xinjiang has totaled 195360 tons, with a total turnover of 31560 tons in the mainland.

Cotton yarn supply exceeds demand.

　　 The price of all cotton yarn has been deadlocked. The volume of shipment has not improved. Some of the funds are short of factories. The situation has not changed. The supply of real estate cotton yarn exceeds supply, and the supply volume of imported yarn is also quite large. The price has dropped slightly and the price has become a common phenomenon. Conventional spinning of ring spinning and air spinning in Shandong Cotton yarn The price is stable and the atmosphere is light. The 21S price of a spinning mill is 22500 yuan / ton, and the 32S price is 26800 yuan / ton (American cotton and Australian cotton). The 40S cotton yarn is sold well in the Nantong area. In a cotton mill, the price is 27000-27500 yuan / ton, and the weft yarn is 25800-26500 yuan / ton. Xiaoshao cotton yarn price is stable, Zhejiang one cotton mill combed regular varieties shipment is still available, combing 32S price 29800 yuan / ton, 40S reported 30800 yuan / ton.

Zheng cotton declined incrementally.

On the 27 day, Zheng cotton continued to go low and low, and the stock index rose sharply in the afternoon, leading the commodities up. But cotton was still very weak, and the strength of the rally was very limited. The whole group maintained weak shocks and ended at 19300 below. The stock market closed higher on Thursday, because the market is expected to take more measures to boost confidence, and the improvement of the liquidity of the banking system also supports the market.

1301 closed at 19295, down 100 points. The total turnover was 142 thousand hands on that day, an increase of 56 thousand and 800 hands compared with the previous trading day, and 11 thousand and 700 hands in 337 thousand positions.

On the 27 day, the price difference between Zheng Mian 1305 and the 1301 contract continued to shrink to 10 yuan / ton.

On the 27 day, the futures warehouse receipt was 1066, with a decrease of 14, and the effective forecast was still 13.

Today, the cotton trade volume of the regiment continued to increase, the price increased, and some medium and low grade cotton with stronger length uniformity were more popular, and a group of 5 grade cotton reached a price of 18290 yuan.

The auction of cotton by the State Reserve and the regiment has made some impact on the weak spot. The market has no market price, and the futures warehouse receipts have slowed down. The end of this week is nearly 400 thousand tons.

Due to the fact that the spot enterprises are making full use of the reserves, the fluctuation of cottonseed will become the key to the cost of the acquisition. Recently, cottonseed prices have dropped from high. At present, the price of cotton seeds has dropped at 1.15-1.19 yuan / Jin, which has increased the risk of business operation. Therefore, some enterprises have stopped waiting and waiting. at present Zheng cotton Form is weak, cautious before operation and wait-and-see.