Today'S Cotton Quotes Daily Summary Market Report
cotton Daily: overnight, the United States cotton fell, Zheng cotton high difficult.
Progress in storage and collection: in October 23rd, the planned storage and storage of 130500 tons, actually concluded 77880 tons, with a turnover ratio of 59.7%, a decrease of 6220 tons compared with the previous day.
As of the 23 th, 2012 cotton (19600,25.00,0.13%) temporary storage and storage totaled 1315970 tons.
Spot market: as the 200 small factories can not guarantee relative profits through storage, a small number of factories will be delisted or wait for the right time to buy the processed cotton seeds. In addition, some small factories will change the "factory" as the "station" and provide seed cotton for the 400 large factories.
The overall picking speed of Xinjiang was faster, and the difference between North and South Xinjiang was slightly larger.
Affected by the external market turmoil, confidence in the spot market has not yet been restored, the price of cottonseed oil has dropped slightly, the cotton meal market has been sorted out and the price has slowed down, and the cottonseed market is still hard to find support and continue to fall.
On the downstream side, the price of whole cotton yarn fluctuates little, and the supply of yarn with coarse yarn is low.
On the 23 day, China's cotton price index (CCIndex328) was 18700 yuan / ton, up 4 yuan, and the average price of 527 cotton to plant was 16411 yuan / ton, up 6 yuan.
Warehouse receipt Daily: 23, the volume of total warehouse receipts of cotton futures in Zhengzhou merchants continued to decrease slightly, of which the number of warehouse receipts was 944, which was 3 less than that of the previous trading day. The effective forecast number was 13, which was unchanged from the previous trading day.
Main position: on the 23 day, the first 20 main positions of cotton futures in Zhengzhou commercial office increased by 267 to 89595 hands, while the first 20 shorts reduced 638 to 114130 hands, and the net clearance decreased to 24535 hands.
Operation strategy: overnight due to the aggravation of the market's worries about the European debt crisis and the poor performance of the US companies, the US dollar has gone up, and the global commodity market has generally suffered a downward pressure. The ICE cotton has also been greatly reduced. The rise driven by the US cotton has finally ended due to the fall of the US cotton market, and the confidence of the investors in the country is obviously insufficient. Zheng cotton still has room to fall back. It is suggested that the main 1301 contract will stop at 19750 yuan / ton and 19300 yuan / ton.
Domestic cotton prices stable import cotton quotation overall decline
Domestic cotton spot prices are still relatively stable.
Too much emphasis on the price difference between inside and outside markets has actually covered up the market.
Spin
There are many contradictions in the industry, while domestic economic downward pressure has increased, domestic demand market growth has begun to slow down, textile sales pressure has increased and demand is hard to be stimulated, which is the most critical challenge facing the textile industry at present.
Ydj China Feed Industry Information Network - based on feed and animal husbandry services
China's main port quotas for imported cotton fell overall, of which Brazil cotton fell 2.25 cents while other varieties fell 1.5-1.75 cents.
Although the price range of imported cotton is not small, according to the current 86.30 cent of EMOT varieties in the United States, the 40% import tariff calculation is generally adopted in textile mills. The general trade pick up price of this variety port is 19254 yuan / ton, which is not attractive to textile mills.
From the point of view of downstream demand, there is still room for further decline in textile production.
Cotton daily: overnight, the United States cotton continued to fall, Zheng cotton decline is difficult to stop
Progress in storage and collection: in October 24th, the planned storage and storage of 121300 tons, actually concluded 79800 tons, with a turnover ratio of 65.8%, an increase of 1920 tons compared with the previous day.
As of 24, 2012 cotton temporary storage and storage totaled 1395770 tons.
Spot market: it is reported that, due to the poor quality of seed cotton in some areas, the risk of processing and storage is high, and the cost of lint cotton is constantly challenging the bottom line of cotton enterprises. Some enterprises' attitude at present is "prefer to receive less or not to accept, and do not lose money in business".
It is also reported that some of the cotton enterprises that have been handed over to the national reserve have been running smoothly, and the withdrawal of funds is relatively fast, which helps to increase the confidence of cotton enterprises.
Cotton side, cottonseed prices temporarily stable, cottonseed oil, meal, short pile, shell are all down.
On the 24 day, China's cotton price index (CCIndex328) was 18701 yuan / ton, up 1 yuan, and the average price of 527 cotton to plant was 16411 yuan / ton, unchanged.
Warehouse receipt Daily: 24, the volume of total warehouse receipts of cotton futures in Zhengzhou merchants continued to decrease slightly, of which the number of warehouse receipts was 938, which was 6 less than that of the previous trading day. The effective forecast number was 13, which was unchanged from the previous trading day.
Main position: on the 24 day, the first 20 main positions of cotton futures in Zhengzhou commercial office increased by 2853 to 92291 hands, while the first 20 shorts increased 2051 hands to 115489 hands, and the net clearance was reduced to 23198 hands.
Operation strategy: Zheng cotton's recent intraday performance is slightly stronger than foreign market, futures trading positions are not big, short and short enthusiasm is not enough, but overnight ICE cotton is substantially lower, it is expected that Zheng cotton still has room to fall back, it is recommended that the early air orders continue to hold, the main 1301 contract once again fell below 19600 yuan / ton, this price can be set as a new stop loss level, 19300 yuan / ton profit.
Cotton futures Daily: U.S. cotton fell sharply, Zheng cotton to maintain concussion
Market roundup: US cotton fell 3.4% on Tuesday, the largest single day decline in more than two months. Investors have locked in profits or released risky assets since the recent rally, worried by weak spot demand.
The most active ICE12 month cotton futures contract fell 3.4% to 74.27 cents a pound, dropping to 73.93 cents a day.
Cotton futures prices hit their highest level since May, only below 80 cents last Thursday.
After the rally of 7% last week, the cotton market is selling more than the whole commodity market.
The CRB index fell 1.2%, close to two and a half months low.
The euro is also under pressure, hitting a week and a half low against the dollar, worried by the slowdown in global economic growth.
Zhengmian 1301 opened yesterday after the shock in the vicinity of 19680, the late fall significantly.
The opening price was 19720, the highest 19725, the lowest 19610, closing 19620, down 100 yuan, or 0.51% compared with the previous day.
There were only 31 thousand hands in the paction and 182 thousand hands in the position.
Market news:
"Parking inspection" promotes the breakthrough of styrene price, and the textile chemical fiber material will maintain the warm and hot pattern.
Although the downstream demand for polyester staple fiber has not improved significantly, but as a major substitute for cotton, cotton is short or replaced by substitution because of its high price.
Hebei seed cotton purchase completed only 30%, textile enterprises demand for cotton is weak; at the same time, cottonseed prices have increased, cotton enterprises purchase price reduction.
Xinjiang Wusu seed cotton has a high content of impurities. After impurity removal, it is still in line with the storage standard. Henan's entry into Xinjiang is increasing, and its storage and storage profits are significant.
In October 22nd, the Central Cotton store planned to store and store 2012 tons of cotton in 117400 tons, and the actual turnover was 84100 tons, with a turnover rate of 71.64%.
Among them, the mainland plans to close and store 62400 tons, actually clinch a deal of 29460 tons, with a turnover rate of 47.21%. Xinjiang plans to purchase and store 55000 tons, with a turnover of 54640 tons, with a turnover rate of 99.35%.
As of October 22nd, the total number of temporary storage and purchase pactions totaled 1238090 tons, of which 275250 tons were traded in the mainland and 962840 tons in Xinjiang.
The average price of grade 328 cotton rose 1 yuan to 18791 yuan / ton on Monday, while the 328 grade cotton in Xinjiang remained flat at 18958 yuan / ton.
Outlook for the future: US cotton fell sharply, and the disk is still returning to fundamentals after the surge of news stimulus.
Rich cotton new cotton market
Cotton enterprises
Mainly in storage, demand for textile enterprises is sluggish, and spot prices are rising steadily.
In this case, Zheng cotton is still expected to be dominated by concussion.
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