November 6Th Cotton Prices All Day Analysis: Cotton Prices Rebounded In The Short Term

Cotton futures: November 6th

Futures contract 1305 opened 19030, the highest 19235, the lowest 19030, closing 19190, the whole day rose 90 points, or 0.47%.

Foreign countries: according to the statistics of the US Department of agriculture (USDA), the overall picking rate of the United States cotton was 64%, up 14 percentage points from the previous week to 3 November, compared with 68% in the same period last year and 58% in the last five years.

The picking rates of new flowers in Arkansas, Louisiana and Mississippi were above 90% in the central and Southern cotton regions, and 80% higher in the other two states; the picking rate in the southeast cotton region was almost half; the picking rate of Dezhou in the southwest cotton region was 56%, an increase of 14 percentage points compared with that of the previous week; the picking rate of California in the western cotton region was 70%, and the Arizona picking progress was slow. At present, the picking of new flowers accounts for about 33% of the total.

According to statistics from Pakistan cotton processing Association (PCGA), by November 1st, it had purchased 6 million 850 thousand new packages (1 million 165 thousand tons), an increase of 2% over the same period last year.

10 in the second half of the month, the purchase amount of new flowers was 1 million 568 thousand packages (267 thousand tons), which was 71 thousand tons less than that of 1 million 988 thousand packages (338 thousand tons) in the same period last year.

Domestic aspects: November 5, 2012 plan

The actual turnover of 134300 tons was 70350 tons, with a turnover ratio of 52.4%, an increase of 2400 tons compared with the previous day.

Among them, the Xinjiang warehouse point plan to close and store 39600 tons, actually clinch a deal of 39600 tons, the paction proportion is 100%, the mainland warehouse plans to store and store 94700 tons, actually clinch a deal 30750 tons, the paction proportion is 32.5%.

As of today's 2012, cotton temporary storage and storage totaled 1994830 tons, with a total turnover of 1417920 tons in Xinjiang and a total turnover of 576910 tons in the mainland.

In November 6th, a total of 6903 tons of cotton were planned to be sold by the national cotton trading market, with a total of 159 bales and 1-2 levels of resources, which were stored in 10 storage sites in 3 provinces in Henan, Jiangsu and Shandong respectively.

The actual turnover was 262 tons on the same day, a decrease of 345 tons compared with the previous day, with a turnover ratio of 3.80%. The number of bundles was 6 bundles, and the turnover of cotton was mainly 1-2 grade cotton.

Among them, 1 grades of cotton traded 4 batches totaling 172.5 tons, the paction price was 19710-20010 yuan; the 2 cotton grade 2 batches were 89.5 tons, and the paction price was 19410 yuan.

On the same day, the average cotton rank was 1.34, the average length was 28.98, the weighted average price was 19707 yuan / ton, and the 328 class price was 18533 yuan / ton, up 181 yuan / ton from the previous day, which is lower than the CC Index 328 18734 yuan.

On the same day, the Corps sold 23429.402 tons of cotton auction.

All day analysis, cotton is low and high today, the main contract 1305 has been supported near 19000, today the sun line swallow yesterday fell the Yin line, the graph will rebound in the short term.

On the basic level, China's acquisition and storage continued, totaling about 2 million tons of cotton reserves.

Price plays a certain supporting role, which also restricts the price break down in the near future.

The United States recently checked cotton quality and picked up more than half.

Overall, cotton has dropped in recent years, with insufficient kinetic energy and a rebound in the short term.

Operation: 1305 in the vicinity of the support number 19000, short and more, break the stop.