Several Major Institutions Today: Cotton Futures

< p > < strong > [MEIKO < a href= > http://www.91se91.com/news/index_c.asp > > futures > /a] demand pressure continues to increase. Trend of zhengmian is weak. < /strong > /p >

On the 4 day, due to the lack of progress in the US financial negotiations, the market's worries about the economic outlook intensified, and the commodity market was on the decline. P

The ICE phase cotton basically opened up last week's low rise and went down to a 72-73 cent pre oscillation area.

Judging from the market situation, after the cotton price broke through 74 cents, the spot market paction has obviously turned pale, and the future trend depends on the downstream demand.

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On the 4 day, the quotations of main ports of China's imports of cotton were basically stable, and the individual varieties rose slightly, of which India cotton rose 1 cents, while the United States cotton rose 0.25 cents. On the other hand, the price of imported cotton increased by 0.25 cents.

Judging from the market situation, at present, orders are concentrated on low grade and cheap cotton. On the one hand, business funds are relatively tight at the end of the year. On the other hand, textile enterprises have a glimmer of hope for national dumping or issuance quotas, so purchasing volume can only maintain production.

Generally speaking, the market does not have the conditions to rise. Individual varieties are quoted or differentiated because of the demand.

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P > domestic market, on the 4 day, the price of the domestic cotton spot market continues to rise slightly under the support of the storage and storage, while the a target= "_blank" href= "http://www.91se91.com/" > textile < /a > is the enemy. The upstream cotton price is high, the downstream domestic demand and the export are light. As the end of the year, the enterprises generally have the idea of returning the cage funds and reducing the stock, most of them are not optimistic about the future market, and the downstream shutdown operations are increasing.

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< p > National Reserve dynamics. In December 4th, the State Cotton temporary storage and storage business reached 42400 tons. As of that date, 2012 cotton temporary storage and storage pactions totaled 3572480 tons in 2012, including 1138450 tons in the mainland, 1909520 tons in Xinjiang, and 524510 tons in key enterprises.

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December 4th, the United States C/A cotton 90.10 (cents / pound), the discount port RMB delivery price 15125 yuan / ton (calculated by sliding tax); Australia cotton 95.10, discount port RMB port delivery price 15766 yuan / ton; Uzbekistan cotton 92.60, folded port RMB port delivery price 15441 yuan / ton; West Africa cotton 85.60, discount port RMB port delivery price 14579 yuan / ton; India cotton 86.10, discount port RMB port delivery price 14638 yuan / ton.

CNCotton A 19828 yuan / ton, up 7 yuan; CNCotton B 19001 yuan, up 10 yuan.

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< p > market analysis, the spot price is still relatively stable, and the huge price difference leads to the purchase of cotton is still the focus of most textile enterprises. Now it is the time when the new cotton market is coming on the market in large quantities, and the demand pressure will continue to increase in the short term.

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< p > operation, 01, 05 empty single continue to hold.

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< p > < strong > [one German futures] bottom uplifting Zheng cotton dips do more than < /strong > /p >

< p > CF1305 low volatility on Tuesday, CF1305 closed more than 3.1 hands, with a slight decrease in holdings.

CF1305 closed at 19120 yuan / ton, down 35 yuan / ton, reduced 548 hand; in December 4th, China imported cotton (FC Index M) 85.23 cents / pound, fell 0 cents / pound, 1% yuan tariff reduced price 13691 yuan / ton, sliding price conversion price 14612 yuan / ton.

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< p > according to New York's December 4th news, ICE cotton futures closed at its lowest level since November 28th, due to the weakening of cotton demand in December 4th.

The main ICE of the Intercontinental Exchange (March), which touched a 74.5 week low of six cents a week on Monday, dropped 1.07 cents, or 1.44%, on Tuesday, at 72.91 cents a pound.

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< p > December 4th, the cotton trading market in the national cotton trading market reached 10500 tons, an increase of 260 tons over the previous paction, an order reduction of 240 tons, and a total purchase of 38320 tons.

On the 4 day, the opening of the contracts was different.

Basically, due to the high cotton price difference between inside and outside, imported cotton and cotton yarn continue to occupy the share of domestic cotton market.

The Spring Festival is drawing near, and textile enterprises are looking down on the prospects.

The recent appreciation of the renminbi against the US dollar has also become a factor of restraining exports.

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On Tuesday, Zheng cotton continued to call back, but technical indicators showed signs of improvement. P could be held at the bottom of the market. Investors could continue to intervene more than 19050.

Today's operations suggest that more than one single holding, 19050 below continue to intervene more single, target 19250, CF1305 reference price range of 19000-19300.

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< p > < strong > [Wanda futures] the weaker dollar pushes ICE phase cotton challenge 74 cents / pound pressure level < /strong > /p >

< p > although China reserves 3 million 570 thousand tons, China's total reserves reach 7 million 570 thousand tons, which greatly weakens the pressure on cotton prices due to the serious oversupply of global supply. However, the government of India has released export restrictions, and the number of single registered exports has increased from 1700 tons to 5100 tons, which constitutes a pressure on US cotton.

Overnight ICE cotton continued to fall after challenging 74 cents / pound pressure point, and the main contract in March fell 1.07 cents to 72.91 cents / pound, challenging short-term average support.

The US market is about to usher in Christmas and New Year holidays. The fund's willingness to invest is weak. The price of 74 cents / pound is not enough attractive to textile enterprises. In the absence of proactive buying support, short-term ICE cotton is difficult to break through the 74 cents / pound pressure level.

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< p > ICE on Tuesday night cotton challenge 74 cents / pound pressure point failed to return to mid Yin, but it still stands on the short-term average line, the medium and short term average line keeps rising, KD and MACD continue to rise in a row, MACD index red column shortens, rebound trend does not change, but the upward movement can be weakened, cautious view of rebound is appropriate.

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< p > on Tuesday, Zheng cotton registered warehouse receipt has increased to 31, indicating that under the anticipation of the forced warehouse, the main bear began to organize the counterattack of the cargo source, and finally the delivery intention was obvious.

Although the main force of Zheng cotton on Tuesday tried to build up support for Zheng cotton by relying on the reduction of empty space, it was difficult for Zheng cotton to attract the involvement of consumption and speculative buying when the overall environment was weak.

According to the hedging position announced by Zheng Shang, the main players are all speculative positions. As the delivery period approaches, the increase in margin and margin will force long positions to close.

On the other hand, the Spring Festival is drawing near, and the bearish and sluggish consumption of the market will restrain the enterprises from replenishment before the long holidays. The cotton price difference between the inside and outside is still high. The imported cotton and cotton yarn will continue to occupy the share of the domestic cotton market. In the absence of funds and basic support, Zheng cotton will maintain a weak pattern. On Wednesday, it will drop down 19000 yuan support position with the US cotton, and if the support fails, it will continue to increase its holdings.

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< p > < strong > [Jintai futures]: the US cotton is falling down, Zheng cotton range is not changed, < /strong > < /p >

< p > this Tuesday, Zheng cotton main contract ended at 19120 yuan / ton at the end of the 1305 contract, closing 55 yuan / ton compared with the previous trading day, and the position decreased 548 to 176596 hands compared with the previous trading day.

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< p > on the outside side, the cotton contract in March fell 1.07 cents to 72.91 cents per pound due to the weakening demand for cotton. The international Cotlook-A index rose 1.45 cents to 85.3 cents / pound overnight. "ICE"

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< p > spot, cotton spot continued to rebound slightly, the first day cotton spot 328 spot cotton quotes rose 16 yuan to 18946 yuan / ton; 527 spot cotton quotes rose 15 yuan to 16662 yuan / ton; 229 spot cotton rose 14 yuan / ton to 19817 yuan / ton.

Downstream market, last weekend, Jiangsu Shengze all cotton yarn Market C32S knitting price quoted 26100 yuan / ton.

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< p > according to the plan for the temporary storage and storage of cotton in 2012, "if most of the cotton grades fail to reach more than 4 level in some areas due to serious natural disasters, the relevant departments can relax the quality standard of the storage and storage to 5 levels in the affected areas after study." the relevant departments of the state have decided that the quality standard of the storage and storage in the five areas of Binzhou, Dongying, Hebei, Cangzhou, Hengshui, Tianjin and Jinghai will be relaxed to 5 level in Shandong, and the storage enterprises must be 400 cotton processing qualified cotton enterprises in the affected areas. The 5 grade cotton is inferior to the standard grade grade difference rate 13%, that is, 527 grade cotton per ton price is 17544 yuan.

Since November 19th, the implementation of < /p >

< p > October 2012, China's textiles < a target= "_blank" href= "http://www.91se91.com/" > clothing < /a > export amount statistics: < /p >

< p > category month (100 million US dollars) compared to%% 1-% (/p).

< p > textile yarn / fabric and products 80.49 -5.8 8790.991 < /p >

< p > clothing and accessories 147.03 -11.3 20.51 1307.63 2.6 < /p >

< p > textile and clothing exports 227.52 -9.4 15.8 2098.622 < /p >

< p > storage and withdrawal: in December 4th, the planned storage and storage of 99130 tons, actually clinch a deal of 42400 tons, with a turnover ratio of 42.8%, a decrease of 3720 tons compared with the previous day.

Among them, the Xinjiang warehouse point plan to close and store 16000 tons, actually clinch a deal of 16000 tons, the paction proportion is 100%, the mainland warehouse plans to store and store 83130 tons, actually clinch a deal 26400 tons, the paction proportion is 31.8%.

As of today's 2012, cotton temporary storage and storage totaled 3572480 tons, with a total turnover of 1909520 tons in Xinjiang, and a total turnover of 1138450 tons in the mainland, with a total turnover of 524510 tons by the backbone enterprises.

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< p > affected by the worries of demand, the US cotton callback.

Domestic cotton spot prices rose more than before. The cotton in the new year almost all flows into the national reserve, but the quantity of new cotton is very small. It provides strong support for the current < a href= "http://www.91se91.com/news/index_s.asp > Cotton City < /a >, the 1305 contract continues [1900019300] range concussion, short line operation, attention to position control.

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