Several Major Institutions Today -- Cotton Futures

< p > < strong > [Hongyuan futures] Zheng cotton May pay attention to the 60 day moving average pressure level < /strong > /p >

< p > key points < /p >

< p > 1. Price Bulletin: domestic lint: 129 level 20735 yuan / ton; 229 class 19859 yuan / ton; 328 level 19030 yuan / ton; 428 grade 18373 yuan / ton.

Domestic a target= "_blank" href= "http://www.91se91.com/" > textile < /a > Product: polyester staple fiber 10530 yuan / ton; viscose staple fiber 13960 yuan / ton; C32S price is 25715 yuan / ton.

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< p > 2. domestic spot: the spot cotton price trend continues to show a steady upward trend. Cotton processing enterprises, because of cost considerations, coupled with the support of the state's temporary purchasing and storage policy, have strong price intentions, while the textile enterprises are under the double squeeze of high cotton prices and sales difficulties, and the two sides will fall into a stalemate phase of purchase and sale.

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< p > 3. imported cotton: in December 10th, the price of imported cotton in China's main port changed little, most varieties were stable, and individual varieties were 0.25 cents.

From the actual situation, although the ICE futures frequently explore the upward trend, the advantage of full tariff clearance has obviously weakened after the price rises, and the procurement of textile enterprises is also hot and cold.

As the import quota is about to expire and the launch of Xinjiang cotton is coming to an end, cotton will remain the main choice for the spinning industry before the government throws it away.

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< p > 4. acreage survey: the national cotton market monitoring system launched the 2013 annual cotton planting area survey in late November.

The samples were taken from 15 provinces (autonomous regions), 89 cotton planting counties (cities, farms), and 4493 designated cotton planting information contact households.

The survey showed that the cotton planting area in China was 67 million 515 thousand mu, a decrease of 4 million 272 thousand mu compared with that of the previous year, with a decrease of 6%.

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< p > 5.ICE cotton: in December 10th, cotton in ICE phase went higher and higher, and the contract broke through 74 cents in March.

As the USDA12 supply and demand report is about to be announced, investors actively adjust their positions. As India no longer prohibits the export of cotton, the market is expected to lower US cotton exports more and more.

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< p > summary: < /p >

< p > with the reduction of high-grade cotton resources in social circulation, the possibility of throwing and storing cotton by the government at the beginning of the end of the year is more and more likely.

Under this expectation, Zheng cotton's contract pressure in January and March has been increasing, and imported cotton has lost the basis of continuous rise.

For the contract of May of the far month, when the price of Zheng cotton is higher than the cotton price of social circulation, the cotton buying enterprise has no power to choose futures purchase channel.

This determines that futures prices have lost the buying power from spot enterprises, and in the near future, they will continue to recommend cross section operations with horizontal finishing. The 60 day moving average above is an important pressure level.

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< p > [MEIKO futures] storage and storage up to 3 million 800 thousand to boost spot cotton and retest pressure < /p >

< p > overnight overnight. On the 10 day, cotton in ICE phase went higher and higher, and the contract broke through 74 cents in March, which aggravated the oscillation.

As the USDA12 supply and demand report is about to be announced, investors actively adjust their positions. As India no longer prohibits the export of cotton, the market is expected to lower US cotton exports more and more.

Recently, however, it is difficult for ICE cotton to attract financial attention. Cotton prices are hard to shake off the pattern of oscillation adjustment.

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< p > industry news, India agriculture minister said recently that as of November 28th, the India government had acquired 207 thousand and 400 tons of new cotton domestically at the lowest support price.

To curb the fall in domestic cotton prices, the India government announced that it would buy 1 million 530 thousand tons of domestic cotton at the lowest support price.

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< p > international market, 10 days, < a href= "http://www.91se91.com/news/index_s.asp" > Import < /a > cotton China's main port price change little, most varieties stable prices, individual varieties micro Zhang 0.25 cents.

From the actual situation, although the ICE futures frequently explore the upward trend, the advantage of full tariff clearance has obviously weakened after the price rises, and the procurement of textile enterprises is also hot and cold.

As the import quota is about to expire and the launch of Xinjiang cotton is coming to an end, cotton will remain the main choice for the spinning industry before the government throws it away.

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< p > domestic market, on the 10 day, domestic spot cotton price trend continues to show a steady upward trend. Cotton processing enterprises, with cost considerations and support from the state's temporary purchasing and storage policy, have strong price intentions, while textile enterprises are under the double squeeze of high cotton prices and sales difficulties, and the two sides will fall into a stalemate phase of purchase and sale.

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< p > National Reserve dynamics. In December 7th, the State Cotton temporary storage and storage business reached 157180 tons. As of that date, 2012 cotton temporary storage and storage pactions totaled 3814950 tons in 2012, including 1231980 tons in the mainland, 1957320 tons in Xinjiang, and 625650 tons in key enterprises.

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December 10th, the United States C/A cotton 89.90 (cents / pound), the discount port RMB delivery price 15072 yuan / ton (calculated by sliding tax); Australia cotton 94.85, discount port RMB port delivery price 15709 yuan / ton; Uzbekistan cotton 92.35, folded port RMB port delivery price 15383 yuan / ton; West Africa cotton 85.10, discount port RMB port delivery price 14486 yuan / ton; India cotton 85.60, discount port RMB port delivery price 14546 yuan / ton.

CNCotton A 19863 yuan / ton, up 4 yuan; CNCotton B 19035 yuan, up 5 yuan.

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< p > market analysis, the spot price in the market is still relatively stable, the downstream yarn price has a downward trend. Due to the constraints of funds and orders, the willingness of the textile enterprises to replenishment is obviously not strong, and the procurement focus is still mainly cotton.

US cotton is expected to continue to advance under the promotion of export advantage. Zhengmian 01 will have high pressure before retesting; 05 will break through, but deal with the volume, and the MA60 pressure will be cautious.

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< p > operation. If the 01 contract is empty, it will break the 19875 departure.

05, the contract trial warehouse more than a single proposal to leave the field.

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< p > < strong > [one German futures] more than a single temporary holding Zheng cotton on impulse will be all less than /strong < /p >

< p > CF1305 opened higher on Monday, and CF1305 closed more than 15.7 hands at the close.

CF1305 closed at 19280 yuan / ton, up 130 yuan / ton, increased 28320 positions; in December 10th, China's imported cotton (FC Index M) 85.21 cents / pound, up 0.08 cents / pound, 1% yuan tariff reduced price 13687 yuan / ton, sliding price conversion price 14609 yuan / ton.

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< p > according to New York's December 10th news, the ICE cotton fell late on Monday and eventually fell, as some investors adjusted the position before the US Department of agriculture's December demand and supply report was released.

The main price of the ICE in March was about 0.39 cents, or 0.53% to 73.40 cents.

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< p > December 10th, the cotton trading market in the national cotton trading market reached 11320 tons, an increase of 580 tons over the previous paction, an order reduction of 280 tons, and a total purchase of 34840 tons.

On the 10 day, the opening of the contracts was different.

Basically, cotton spot prices continued to rise slightly, cotton by-products quotes rose, market conditions slightly improved, which also led to the rise in seed cotton prices, the mainland conditional enterprises continue to purchase and storage, most of Xinjiang cotton farmers have been sold, seed cotton processing sales to the end, cotton enterprises continue to stop.

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"P" > on Monday, Zheng cotton went higher and higher, and the volume increased, the base widened again, but it still belonged to a lower range. However, due to the basic factors, Zheng cotton's impulse was not enough. The investors could continue to hold the post today after more than a single reduction, and the target is 19500, if they return to 19200.

Today's operation suggests that multiple targets should be held at 19500. If CF1305 is returned to 19200, the reference price range will be 19100-19400.

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< p > < strong > [Wanda futures]USDA monthly report, the US cotton fell slightly < /strong > /p >

USDA will announce the monthly supply and demand report in December on Tuesday, P. Although the recent consumer buying is relatively strong, investors are worried that global consumption will continue to decline. Meanwhile, ICE cotton will be suppressed by 74 cents / pounds, bullish confidence is temporarily frustrated, and Monday's ICE cotton will fall slightly, with the main contract in March falling 0.39 cents to 73.40 cents / pound, but the rebound trend has not changed.

At the end of the year, the US market will usher in Christmas and new year's long holidays. The fund has no chance of entering the market in large scale. The probability that ICE cotton will break through 74 cents / lb is not great.

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< p > ICE cotton fell slightly on Monday, but the main contract in March remained stable above the short-term average line. The medium and short term average line system continued to rise in series. The KD and MACD indexes continued to rise in a strong area. The MACD index continued to grow, and the rebound trend did not change, and continued to pay attention to the suppression effect of 74 cents / pound on ICE cotton.

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< p > as of December 10th, China's storage capacity reached 3 million 870 thousand tons, domestic resources were tight, speculative funds increased substantially, and a href= "http://www.91se91.com/news/index_c.asp" > ZHENG cotton < /a > increased.

However, from the post office position, the main force's long confidence was obviously insufficient, and the rising cotton price was hit by trade selling.

On the other hand, in December, China's import policy and quota were about to be released in the new year. Low import cotton and cotton yarn continued to impact domestic cotton prices. The annual closing was near, and the downstream consumption was no improvement. The spot sales progress was slow. Some enterprises planned to reduce production, limit production and advance the Spring Festival long holidays. The rebound cotton price was hard to get the support of the fundamentals, and the rebound was not a coke view. The 1305 contract was hard to break through the pressure level of 19400 yuan / ton line.

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